iHeartMedia, Inc. (NASDAQ:IHRT – Free Report) – Equities research analysts at B. Riley cut their FY2026 earnings estimates for iHeartMedia in a research report issued to clients and investors on Friday, November 10th. B. Riley analyst D. Day now anticipates that the company will earn $0.92 per share for the year, down from their previous forecast of $1.12. B. Riley has a “Buy” rating and a $7.00 price target on the stock. The consensus estimate for iHeartMedia’s current full-year earnings is ($7.29) per share.
Several other equities research analysts have also recently commented on IHRT. Bank of America dropped their price target on shares of iHeartMedia from $3.50 to $2.90 and set an “underperform” rating on the stock in a research report on Wednesday, October 4th. Barrington Research reiterated a “market perform” rating on shares of iHeartMedia in a research report on Wednesday, August 9th. Finally, Morgan Stanley dropped their price target on shares of iHeartMedia from $5.00 to $3.00 and set an “underweight” rating on the stock in a research report on Friday. Three analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, iHeartMedia has an average rating of “Hold” and a consensus price target of $5.90.
iHeartMedia Stock Performance
IHRT stock opened at $2.01 on Monday. The company has a market capitalization of $290.49 million, a P/E ratio of -0.29 and a beta of 1.95. The company has a 50-day simple moving average of $2.86 and a 200 day simple moving average of $3.29. iHeartMedia has a fifty-two week low of $1.87 and a fifty-two week high of $9.03. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 11.43.
Hedge Funds Weigh In On iHeartMedia
Several institutional investors and hedge funds have recently bought and sold shares of the business. Deutsche Bank AG grew its stake in iHeartMedia by 16.1% during the 3rd quarter. Deutsche Bank AG now owns 57,350 shares of the company’s stock valued at $181,000 after acquiring an additional 7,967 shares in the last quarter. Vanguard Personalized Indexing Management LLC purchased a new position in iHeartMedia during the 3rd quarter valued at about $42,000. Charles Schwab Investment Management Inc. grew its stake in shares of iHeartMedia by 10.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,565,409 shares of the company’s stock valued at $11,267,000 after buying an additional 322,803 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of iHeartMedia in the 3rd quarter valued at approximately $111,000. Finally, Principal Financial Group Inc. grew its stake in shares of iHeartMedia by 39.4% in the 3rd quarter. Principal Financial Group Inc. now owns 15,207 shares of the company’s stock valued at $48,000 after buying an additional 4,301 shares in the last quarter. Hedge funds and other institutional investors own 63.38% of the company’s stock.
iHeartMedia Company Profile
iHeartMedia, Inc operates as a media and entertainment company worldwide. The company operates through three segments: Multiplatform Group, Digital Audio Group, and Audio & Media Services Group. The Multiplatform Group segment offers broadcast radio stations, sponsorship, and live and virtual events; and operates Premiere Networks, a national radio network that produces, distributes, or represents syndicated radio programs and services to radio station affiliates.
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