iHeartMedia (NASDAQ:IHRT) Stock Price Up 9.9% – What’s Next?

02 May 2026, 08:41 by Renee Jackson · The Cerbat Gem

iHeartMedia, Inc. (NASDAQ:IHRT – Get Free Report) shares rose 9.9% on Thursday . The company traded as high as $5.56 and last traded at $5.6070. Approximately 179,162 shares changed hands during mid-day trading, a decline of 78% from the average daily volume of 828,693 shares. The stock had previously closed at $5.10.

Wall Street Analyst Weigh In

IHRT has been the subject of a number of research analyst reports. The Goldman Sachs Group downgraded iHeartMedia from a “neutral” rating to a “sell” rating and cut their target price for the stock from $4.00 to $3.50 in a research report on Friday, January 9th. Weiss Ratings restated a “sell (d-)” rating on shares of iHeartMedia in a research report on Tuesday, April 21st. Two analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $4.25.

Get Our Latest Stock Report on IHRT

iHeartMedia Price Performance

The company has a market cap of $951.29 million, a P/E ratio of -2.06, a PEG ratio of 57.24 and a beta of 2.32. The company has a fifty day simple moving average of $3.45 and a 200-day simple moving average of $3.66.

iHeartMedia (NASDAQ:IHRT – Get Free Report) last posted its quarterly earnings results on Monday, March 2nd. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.06). iHeartMedia had a negative net margin of 12.24% and a negative return on equity of 1.63%. The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.10 billion.

Insider Transactions at iHeartMedia

In other iHeartMedia news, CEO Robert W. Pittman bought 16,349 shares of the stock in a transaction on Monday, March 9th. The shares were purchased at an average cost of $2.97 per share, with a total value of $48,556.53. Following the completion of the transaction, the chief executive officer directly owned 6,231,286 shares of the company’s stock, valued at $18,506,919.42. This represents a 0.26% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 8.50% of the company’s stock.

Hedge Funds Weigh In On iHeartMedia

Several hedge funds have recently bought and sold shares of IHRT. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of iHeartMedia in the third quarter valued at about $25,000. BNP Paribas Financial Markets grew its position in shares of iHeartMedia by 42.8% in the second quarter. BNP Paribas Financial Markets now owns 18,655 shares of the company’s stock valued at $33,000 after purchasing an additional 5,591 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of iHeartMedia in the first quarter valued at about $36,000. Royal Bank of Canada grew its position in shares of iHeartMedia by 67.7% in the fourth quarter. Royal Bank of Canada now owns 8,368 shares of the company’s stock valued at $36,000 after purchasing an additional 3,378 shares during the last quarter. Finally, CIBC Bancorp USA Inc. bought a new stake in shares of iHeartMedia in the third quarter valued at about $36,000. 93.89% of the stock is owned by institutional investors and hedge funds.

iHeartMedia Company Profile

(Get Free Report)

iHeartMedia, Inc (NASDAQ: IHRT) is a leading media and entertainment company specializing in radio broadcasting, digital streaming and live events. The company operates more than 860 full-power AM and FM radio stations across the United States, delivering music, news, sports and talk programming to local markets. Through its flagship digital platform, iHeartRadio, the company provides listeners with free and subscription-based access to thousands of live radio stations, curated music playlists and on-demand podcasts.