New insider activity at iHeartMedia ( (IHRT) ) has taken place on March 11, 2025.
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CFO Richard Bressler has made a significant investment by purchasing 100,000 shares of iHeartMedia stock, with the transaction valued at $178,000.
Recent Updates on IHRT stock
In the last 24 hours, iHeartMedia has experienced significant developments affecting its stock. Guggenheim analyst Curry Baker adjusted the firm’s price target for iHeartMedia, reflecting the company’s recent Q4 earnings and guidance. The earnings call revealed a mixed outlook, with strong performance in digital audio and podcasting divisions, yet challenges from a volatile advertising market and disruptions like the Los Angeles wildfires. The company completed a successful debt exchange, extending maturities and reducing overall debt, which strengthens its financial position. Additionally, CEO Robert Pittman’s insider purchase of 200,000 shares boosted market confidence, contributing to a 7% pre-market stock increase. Despite these positive strides, iHeartMedia anticipates a slight revenue decline in Q1 2025 due to ongoing advertising market uncertainties.
More about iHeartMedia
YTD Price Performance: -9.41%
Average Trading Volume: 841,613
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $230.6M