iHeartMedia Inc (NASDAQ: IHRT) is -15.15% lower on its value in year-to-date trading and has touched a low of $0.81 and a high of $2.84 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The IHRT stock was last observed hovering at around $1.58 in the last trading session, with the day’s gains setting it 0.1%.
Currently trading at $1.68, the stock is -5.06% and -17.90% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.89 million and changing 6.33% at the moment leaves the stock -6.74% off its SMA200. IHRT registered -10.64% loss for a year compared to 6-month gain of -0.59%. The firm has a 50-day simple moving average (SMA 50) of $2.0462 and a 200-day simple moving average (SMA200) of $1.801435.
The stock witnessed a -25.99% loss in the last 1 month and extending the period to 3 months gives it a -22.94%, and is 8.39% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 9.73% over the week and 11.41% over the month.
iHeartMedia Inc (IHRT) has around 10100 employees, a market worth around $233.07M and $3.85B in sales. Fwd P/E is 3.87. Profit margin for the company is -26.20%. Distance from 52-week low is 106.69% and -40.85% from its 52-week high. The company has generated returns on investments over the last 12 months (-23.01%).
The EPS is expected to grow by 95.00% this year
185.0 institutions hold shares in iHeartMedia Inc (IHRT), with institutional investors hold 92.78% of the company’s shares. The shares outstanding are 127.47M, and float is at 115.39M with Short Float at 5.80%. Institutions hold 87.72% of the Float.
The top institutional shareholder in the company is ALLIANZ ASSET MANAGEMENT GMBH with over 22.5 million shares valued at $24.52 million. The investor’s holdings represent 15.0185 of the IHRT Shares outstanding. As of 2024-06-30, the second largest holder is DOUGLAS LANE & ASSOCIATES, LLC with 7.59 million shares valued at $8.28 million to account for 5.0234 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 7.0 million shares representing 4.6727 and valued at over $7.63 million, while VANGUARD GROUP INC holds 4.3349 of the shares totaling 6.49 million with a market value of $7.08 million.
iHeartMedia Inc (IHRT) Insider Activity
The most recent transaction is an insider purchase by BRESSLER RICHARD J,. SEC filings show that BRESSLER RICHARD J bought 100,000 shares of the company’s common stock on Mar 07 ’25 at a price of $1.79 per share for a total of $0.18 million. Following the purchase, the insider now owns 3.62 million shares.
iHeartMedia Inc disclosed in a document filed with the SEC on Mar 04 ’25 that PITTMAN ROBERT W (Chairman and CEO) bought a total of 200,000 shares of the company’s common stock. The trade occurred on Mar 04 ’25 and was made at $1.60 per share for $0.32 million. Following the transaction, the insider now directly holds 4.24 million shares of the IHRT stock.
Still, SEC filings show that on Nov 13 ’24, Rasulo James A (Director) disposed off 40,223 shares at an average price of $2.40 for $96406.0. The insider now directly holds 339,322 shares of iHeartMedia Inc (IHRT).
