Barrington Research Upgrades iHeartMedia (NASDAQ:IHRT) to Hold

iHeartMedia (NASDAQ:IHRT) was upgraded by analysts at Barrington Research to a “hold” rating in a note issued to investors on Tuesday,Zacks.com reports. Barrington Research also issued estimates for iHeartMedia’s FY2027 earnings at $0.09 EPS.

Separately, Bank of America raised iHeartMedia from an “underperform” rating to a “neutral” rating and increased their target price for the company from $1.00 to $3.00 in a research report on Tuesday.

iHeartMedia Trading Down 4.2 %

Shares of NASDAQ IHRT opened at $2.29 on Tuesday. The business’s 50 day moving average price is $1.85 and its 200-day moving average price is $1.53. iHeartMedia has a fifty-two week low of $0.81 and a fifty-two week high of $3.12.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in IHRT. Optas LLC acquired a new position in shares of iHeartMedia during the 2nd quarter worth approximately $29,000. PFG Investments LLC boosted its holdings in shares of iHeartMedia by 53.5% during the 2nd quarter. PFG Investments LLC now owns 33,000 shares of the company’s stock worth $36,000 after purchasing an additional 11,500 shares during the last quarter. FMR LLC boosted its holdings in shares of iHeartMedia by 25.2% during the 3rd quarter. FMR LLC now owns 22,879 shares of the company’s stock worth $42,000 after purchasing an additional 4,598 shares during the last quarter. Intech Investment Management LLC acquired a new position in shares of iHeartMedia during the 3rd quarter worth approximately $45,000. Finally, Algert Global LLC boosted its holdings in shares of iHeartMedia by 100.1% during the 2nd quarter. Algert Global LLC now owns 50,506 shares of the company’s stock worth $55,000 after purchasing an additional 25,266 shares during the last quarter. 93.89% of the stock is currently owned by institutional investors and hedge funds.

About iHeartMedia

iHeartMedia, Inc operates as an audio media company in the United States and internationally. It operates through three segments: Multiplatform Group, Digital Audio Group, and Audio & Media Services Group. The Multiplatform Group segment offers broadcast radio stations, sponsorship and events, 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.