iHeartMedia (NASDAQ:IHRT) Upgraded to Hold at Barrington Research

Barrington Research upgraded shares of iHeartMedia (NASDAQ:IHRT) to a hold rating in a research report report published on Tuesday morning,Zacks.com reports. Barrington Research also issued estimates for iHeartMedia’s FY2027 earnings at $0.09 EPS.

Separately, Bank of America upgraded 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 report on Tuesday.

iHeartMedia Stock Performance

NASDAQ:IHRT opened at $2.39 on Tuesday. The stock has a 50 day moving average price of $1.83 and a 200 day moving average price of $1.53. The stock has a market cap of $350.88 million, a PE ratio of -0.35, a P/E/G ratio of 0.56 and a beta of 1.69. iHeartMedia has a one year low of $0.81 and a one year high of $3.12.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Optas LLC acquired a new stake in iHeartMedia during the second quarter worth $29,000. PFG Investments LLC grew 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 period. Intech Investment Management LLC acquired a new stake in shares of iHeartMedia during the 3rd quarter worth about $45,000. Algert Global LLC raised its stake in shares of iHeartMedia by 100.1% in the 2nd quarter. Algert Global LLC now owns 50,506 shares of the company’s stock valued at $55,000 after acquiring an additional 25,266 shares during the period. Finally, SG Americas Securities LLC purchased a new position in shares of iHeartMedia during the 2nd quarter worth approximately $69,000. 93.89% of the stock is currently owned by institutional investors and hedge funds.

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.