iHeartMedia (NASDAQ:IHRT) Trading Up 10.7% – Still a Buy?

Posted by Geri Gentry on Aug 3rd, 2026

iHeartMedia, Inc. (NASDAQ:IHRT – Get Free Report) was up 10.7% during trading on Monday . The stock traded as high as $3.96 and last traded at $3.9740. Approximately 360,011 shares traded hands during trading, a decline of 63% from the average session volume of 960,549 shares. The stock had previously closed at $3.59.

Wall Street Analysts Forecast Growth

IHRT has been the topic of a number of recent analyst reports. Bank of America lowered their price target on shares of iHeartMedia from $6.00 to $5.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 7th. Weiss Ratings reissued a “sell (d-)” rating on shares of iHeartMedia in a report on Friday, July 17th. Two investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, iHeartMedia currently has a consensus rating of “Reduce” and a consensus target price of $4.25.

Check Out Our Latest Stock Analysis on iHeartMedia

iHeartMedia Trading Up 10.6%

The stock has a market capitalization of $600.38 million, a PE ratio of -2.17 and a beta of 2.19. The firm has a 50 day moving average of $4.02 and a two-hundred day moving average of $3.83.

iHeartMedia (NASDAQ:IHRT – Get Free Report) last posted its earnings results on Monday, May 11th. The company reported ($0.61) EPS for the quarter, missing analysts’ consensus estimates of ($0.49) by ($0.12). The business had revenue of $884.20 million during the quarter, compared to the consensus estimate of $871.50 million. Equities research analysts forecast that iHeartMedia, Inc. will post -0.06 EPS for the current year.

Institutional Investors Weigh In On iHeartMedia

Several institutional investors and hedge funds have recently made changes to their positions in IHRT. Sona Asset Management US LLC increased its holdings in iHeartMedia by 2,693.8% during the 4th quarter. Sona Asset Management US LLC now owns 1,623,571 shares of the company’s stock valued at $6,754,000 after acquiring an additional 1,565,457 shares in the last quarter. Purpose Unlimited Inc. acquired a new position in iHeartMedia during the fourth quarter worth about $5,283,000. AQR Capital Management LLC lifted its holdings in shares of iHeartMedia by 99.8% in the first quarter. AQR Capital Management LLC now owns 2,214,301 shares of the company’s stock valued at $3,654,000 after purchasing an additional 1,105,976 shares in the last quarter. Millennium Management LLC acquired a new stake in shares of iHeartMedia in the third quarter valued at approximately $2,204,000. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of 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 in the last quarter. 93.89% of the stock is currently owned by hedge funds and other institutional investors.

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.