iHeartMedia, Inc. (NASDAQ:IHRT – Free Report) – Stock analysts at Barrington Research decreased their FY2026 earnings estimates for iHeartMedia in a report released on Friday, February 28th. Barrington Research analyst P. Sholl now forecasts that the company will earn $0.45 per share for the year, down from their prior estimate of $0.59. Barrington Research has a “Hold” rating on the stock. The consensus estimate for iHeartMedia’s current full-year earnings is ($0.13) per share. Barrington Research also issued estimates for iHeartMedia’s Q4 2026 earnings at $0.55 EPS and FY2027 earnings at $0.04 EPS.
Several other research firms have also commented on IHRT. Guggenheim boosted their price objective on iHeartMedia from $3.00 to $5.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Bank of America raised iHeartMedia from an “underperform” rating to a “neutral” rating and lifted their price target for the stock from $1.00 to $3.00 in a research note on Tuesday, November 12th.
iHeartMedia Stock Down 9.6 %
IHRT opened at $1.60 on Monday. The company has a market cap of $235.32 million, a PE ratio of -0.24 and a beta of 1.73. iHeartMedia has a twelve month low of $0.81 and a twelve month high of $2.84. The company has a 50-day moving average price of $2.16 and a 200 day moving average price of $2.02.
Institutional Trading of iHeartMedia
Hedge funds have recently bought and sold shares of the business. Deutsche Bank AG grew its position in shares of iHeartMedia by 25.9% in the fourth quarter. Deutsche Bank AG now owns 3,830,745 shares of the company’s stock valued at $7,585,000 after purchasing an additional 789,170 shares in the last quarter. Schonfeld Strategic Advisors LLC boosted its stake in iHeartMedia by 20.0% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 3,000,000 shares of the company’s stock worth $5,940,000 after buying an additional 500,000 shares during the last quarter. Helix Partners Management LP purchased a new stake in iHeartMedia in the 4th quarter valued at $911,000. Jacobs Levy Equity Management Inc. acquired a new stake in shares of iHeartMedia in the 4th quarter worth $870,000. Finally, JPMorgan Chase & Co. raised its holdings in shares of iHeartMedia by 21.2% during the 4th quarter. JPMorgan Chase & Co. now owns 2,499,409 shares of the company’s stock worth $4,949,000 after acquiring an additional 436,656 shares during the period. Institutional investors and hedge funds own 93.89% of the company’s stock.
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.
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