iHeartMedia Inc (NASDAQ: IHRT) is -36.36% 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 $1.21 in the last trading session, with the day’s gains setting it 0.05%.
Currently trading at $1.26, the stock is 17.46% and -7.89% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.2 million and changing 4.13% at the moment leaves the stock -30.64% off its SMA200. IHRT registered -44.49% loss for a year compared to 6-month loss of -36.68%.
The stock witnessed a 3.28% gain in the last 1 month and extending the period to 3 months gives it a -42.73%, and is 18.87% 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 9.61% over the week and 9.07% over the month.
iHeartMedia Inc (IHRT) has around 10100 employees, a market worth around $185.93M and $3.85B in sales. Fwd P/E is 3.01. Profit margin for the company is -26.20%. Distance from 52-week low is 55.02% and -55.63% 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 93.56% this year.
iHeartMedia Inc (IHRT) Top Institutional Holders
The shares outstanding are 127.47M, and float is at 115.74M with Short Float at 6.17%.
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 14.8851% 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 4.6312% and valued at over $7.63 million, while VANGUARD GROUP INC holds 4.2964 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).
