iHeartMedia (NASDAQ:IHRT) Stock Rating Lowered by Bank of America

iHeartMedia (NASDAQ:IHRT) was downgraded by research analysts at Bank of America from a “neutral” rating to an “underperform” rating in a research report issued to clients and investors on Thursday, FinViz reports. They currently have a $1.00 price target on the stock. Bank of America‘s target price indicates a potential upside of 42.84% from the stock’s current price.

Several other equities analysts have also commented on IHRT. Zacks Research lowered shares of iHeartMedia from a “hold” rating to a “strong sell” rating in a research report on Friday, October 16th. Weiss Ratings restated a “sell (d-)” rating on shares of iHeartMedia in a research note on Thursday, October 15th. Four research analysts have rated the stock with a Sell rating. Based on data from MarketBeat, the stock presently has a consensus rating of “Strong Sell” and a consensus target price of $2.25.

iHeartMedia Price Performance

Shares of NASDAQ:IHRT opened at $0.70 on Thursday. The business’s 50-day moving average is $2.05 and its 200 day moving average is $3.31. iHeartMedia has a 1 year low of $0.59 and a 1 year high of $6.56. The firm has a market capitalization of $108.37 million, a P/E ratio of -0.48 and a beta of 2.47.

iHeartMedia (NASDAQ:IHRT) last issued its quarterly earnings results on Monday, November 9th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.04). The business had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.05 billion. On average, analysts expect that iHeartMedia will post -0.54 EPS for the current year.

Institutional Trading of iHeartMedia

Several institutional investors and hedge funds have recently bought and sold shares of IHRT. Douglas Lane & Associates LLC lifted its position in iHeartMedia by 1.1% during the third quarter. Douglas Lane & Associates LLC now owns 3,811,866 shares of the company’s stock valued at $8,005,000 after purchasing an additional 42,787 shares during the period. Squarepoint Ops LLC purchased a new stake in iHeartMedia in the second quarter valued at $199,000. Bank of New York Mellon Corp purchased a new stake in iHeartMedia in the second quarter valued at $1,628,000. Bank of America Corp DE grew its position in iHeartMedia by 8.1% during the 1st quarter. Bank of America Corp DE now owns 251,950 shares of the company’s stock worth $736,000 after purchasing an additional 18,869 shares during the period. Finally, Whitebox Advisors LLC grew its position in iHeartMedia by 220.0% during the 1st quarter. Whitebox Advisors LLC now owns 400,000 shares of the company’s stock worth $1,168,000 after purchasing an additional 275,000 shares during the period. 93.89% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting iHeartMedia

Investors following IHRT have been watching these stories:

• Positive Sentiment: iHeartMedia is reportedly exploring a sale of its podcast business, a move that could unlock value or provide funds for other priorities. The report appears to have driven investor interest. IHeartMedia Exploring Sale of Podcast Business, Bloomberg Reports
• Positive Sentiment: Podcasting revenue grew 24.6% year over year to $174 million in the third quarter. The company plans to report podcasting as a standalone segment beginning in 2027, which may help investors assess the business separately. iHeartMedia: 3 Key Takeaways for Long-Term Investors
• Negative Sentiment: The company cut its 2026 adjusted EBITDA forecast to $550 million–$600 million, from an approximately $800 million target, after political advertising fell short of expectations. The lowered outlook and disappointing third-quarter results weigh on the outlook for earnings. IHRT Q3 2026 Deep Dive

iHeartMedia Company Profile

iHeartMedia is an audio media company whose businesses include broadcast radio, digital audio, podcasting, live events and advertising services. Its radio programming spans music, news, talk and sports, while its digital offerings include the iHeartRadio platform and a broad selection of podcasts. The company serves audiences and advertisers primarily in the United States. Its services also include audio advertising and marketing solutions that connect brands with listeners across broadcast and digital channels. iHeartMedia traces its roots to radio broadcasting in San Antonio and operated for many years as Clear Channel Communications.