iHeartMedia (NASDAQ:IHRT) Stock Price Down 7.7% – Here’s Why

Posted by George Bondi on May 14th, 2026

iHeartMedia, Inc. (NASDAQ:IHRT – Get Free Report) was down 7.7% during mid-day trading on Thursday . The company traded as low as $4.84 and last traded at $4.81. Approximately 833,865 shares changed hands during trading, a decline of 9% from the average daily volume of 921,087 shares. The stock had previously closed at $5.21.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of iHeartMedia in a report on Tuesday, April 21st. Two research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, iHeartMedia presently has an average rating of “Reduce” and a consensus target price of $4.25.

View Our Latest Stock Analysis on IHRT

iHeartMedia Price Performance

The company’s 50-day moving average is $3.77 and its 200-day moving average is $3.80. The firm has a market capitalization of $726.54 million, a price-to-earnings ratio of -2.62, a PEG ratio of 46.50 and a beta of 2.33.

iHeartMedia (NASDAQ:IHRT – Get Free Report) last issued its quarterly earnings results on Monday, May 11th. The company reported ($0.61) EPS for the quarter, missing the consensus estimate of ($0.49) by ($0.12). The company had revenue of $884.20 million for the quarter, compared to analyst estimates of $871.50 million. iHeartMedia had a negative return on equity of 1.63% and a negative net margin of 7.28%.

Insiders Place Their Bets

In other news, CEO Robert W. Pittman purchased 32,468 shares of the stock in a transaction on Thursday, March 5th. The stock was purchased at an average price of $3.25 per share, with a total value of $105,521.00. Following the completion of the transaction, the chief executive officer owned 6,214,937 shares in the company, valued at approximately $20,198,545.25. The trade was a 0.53% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 10.20% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of IHRT. Global Media & Entertainment Investments Ltd purchased a new stake in iHeartMedia during the third quarter worth approximately $52,061,800,000. Vanguard Group Inc. lifted its holdings in shares of iHeartMedia by 1.4% during the 3rd quarter. Vanguard Group Inc. now owns 7,022,354 shares of the company’s stock valued at $20,154,000 after acquiring an additional 93,757 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in iHeartMedia by 12.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,713,611 shares of the company’s stock worth $27,929,000 after purchasing an additional 741,736 shares during the period. Deutsche Bank AG boosted its position in iHeartMedia by 11.2% during the 4th quarter. Deutsche Bank AG now owns 3,774,355 shares of the company’s stock worth $15,701,000 after purchasing an additional 380,557 shares during the period. Finally, Geode Capital Management LLC increased its holdings in iHeartMedia by 3.9% in the 4th quarter. Geode Capital Management LLC now owns 2,989,979 shares of the company’s stock valued at $12,441,000 after purchasing an additional 111,754 shares in the last quarter. Hedge funds and other institutional investors own 93.89% of the company’s stock.

About iHeartMedia

(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.

Originally founded in 1972 as Clear Channel Communications, the business rebranded to iHeartMedia in 2014 to reflect the growing importance of its digital and event-driven offerings.

Receive News & Ratings for iHeartMedia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iHeartMedia and related companies with MarketBeat.com's FREE daily email newsletter.