iHeartMedia Inc’s filing revealed that its Chairman and CEO PITTMAN ROBERT W acquired Company’s shares for reported $0.24 million on May 15 ’25. In the deal valued at $1.22 per share,200,000 shares were bought. As a result of this transaction, PITTMAN ROBERT W now holds 4,441,389 shares worth roughly $5.68 million.
Then, BRESSLER RICHARD J bought 100,000 shares, generating $178,820 in total proceeds. Upon buying the shares at $1.79, the insider now owns 3,617,764 shares.
Before that, PITTMAN ROBERT W bought 200,000 shares. iHeartMedia Inc shares valued at $320,040 were divested by the Chairman and CEO at a price of $1.60 per share. As a result of the transaction, PITTMAN ROBERT W now holds 4,241,389 shares, worth roughly $5.43 million.
BofA Securities upgraded its iHeartMedia Inc [IHRT] rating to a Neutral from a an Underperform in a research note published on November 12, 2024; the price target was increased to $3 from $1. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in late March from “a Neutral” to “an Underperform”. JP Morgan also remained covering IHRT and has decreased its forecast on March 01, 2023 with a “an Underweight” recommendation from previously “Neutral” rating. Barrington Research revised its rating on March 01, 2023. It rated IHRT as “a Mkt perform” which previously was an “an Outperform”.
Price Performance Review of IHRT
On Monday, iHeartMedia Inc [NASDAQ:IHRT] saw its stock jump 3.23% to $1.28. Over the last five days, the stock has lost -0.78%. iHeartMedia Inc shares have fallen nearly -35.35% since the year began. Nevertheless, the stocks have risen 3.23% over the past one year.
How much short interest is there in iHeartMedia Inc?
A steep rise in short interest was recorded in iHeartMedia Inc stocks on 2025-04-30, dropping by -0.13 million shares to a total of 7.14 million shares. Yahoo Finance data shows the prior-month short interest on 2025-03-31 was 7.28 million shares. There was a decline of -1.88%, which implies that there is a negative sentiment for the stock.
