iHeartMedia, Inc. (NASDAQ:IHRT) Given Average Rating of “Hold” by Brokerages

Shares of iHeartMedia, Inc. (NASDAQ:IHRT) have received a consensus recommendation of “Hold” from the six analysts that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $4.07.

Separately, Guggenheim cut their target price on iHeartMedia from $6.00 to $5.00 and set a “buy” rating on the stock in a research report on Monday, March 4th.

iHeartMedia Stock Down 5.7 %

NASDAQ:IHRT opened at $2.00 on Friday. iHeartMedia has a 52-week low of $1.77 and a 52-week high of $4.74. The stock has a fifty day simple moving average of $2.36 and a 200-day simple moving average of $2.50. The company has a market capitalization of $289.50 million, a PE ratio of -0.27 and a beta of 1.88.

iHeartMedia (NASDAQ:IHRT) last issued its quarterly earnings data on Thursday, February 29th. The company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.04. The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.04 billion. iHeartMedia had a negative net margin of 29.40% and a negative return on equity of 1,197.12%. During the same period last year, the company posted $0.54 EPS. As a group, equities analysts anticipate that iHeartMedia will post 0.05 earnings per share for the current year.

Institutional Trading of iHeartMedia

A number of large investors have recently bought and sold shares of the stock. TCG Advisory Services LLC acquired a new stake in shares of iHeartMedia in the fourth quarter valued at approximately $27,000. Tower Research Capital LLC TRC boosted its stake in iHeartMedia by 203.3% in the third quarter. Tower Research Capital LLC TRC now owns 9,510 shares of the company’s stock valued at $30,000 after acquiring an additional 6,374 shares during the last quarter. Bridgecreek Investment Management LLC acquired a new stake in shares of iHeartMedia during the third quarter worth $32,000. Creative Planning acquired a new position in iHeartMedia in the third quarter valued at about $33,000. Finally, Vanguard Personalized Indexing Management LLC bought a new stake in shares of iHeartMedia in the 3rd quarter valued at about $42,000. 93.89% of the stock is currently owned by institutional investors.

iHeartMedia Company Profile

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.