iHeartMedia (NASDAQ:IHRT – Get Free Report) is anticipated to announce its Q1 2025 earnings results after the market closes on Monday, May 12th. Analysts expect iHeartMedia to post earnings of ($0.47) per share and revenue of $790.17 million for the quarter.
iHeartMedia Stock Performance
Shares of IHRT opened at $1.26 on Friday. The firm has a fifty day moving average of $1.34 and a 200-day moving average of $1.88. The company has a market cap of $185.45 million, a price-to-earnings ratio of -0.19 and a beta of 1.72. iHeartMedia has a 1 year low of $0.81 and a 1 year high of $2.84.
Wall Street Analyst Weigh In
Separately, Guggenheim decreased their target price on shares of iHeartMedia from $5.00 to $4.50 and set a “buy” rating for the company in a research report on Monday, March 10th.
Insider Activity
In related news, CEO Robert W. Pittman acquired 200,000 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were acquired at an average price of $1.60 per share, for a total transaction of $320,000.00. Following the completion of the purchase, the chief executive officer now directly owns 4,241,389 shares of the company’s stock, valued at $6,786,222.40. The trade was a 4.95 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Richard J. Bressler bought 100,000 shares of the company’s stock in a transaction that occurred on Friday, March 7th. The shares were purchased at an average cost of $1.79 per share, for a total transaction of $179,000.00. Following the acquisition, the insider now owns 3,617,764 shares of the company’s stock, valued at $6,475,797.56. This represents a 2.84 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 8.50% of the company’s stock.
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.
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