Warner Bros. Discovery, Inc. (NASDAQ:WBD) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) have been assigned a consensus recommendation of “Moderate Buy” from the twenty-one brokerages that are covering the company, Marketbeat Ratings reports. Ten investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $11.91.

A number of brokerages have recently issued reports on WBD. Bank of America reiterated a “buy” rating and issued a $14.00 price target on shares of Warner Bros. Discovery in a report on Thursday, December 12th. JPMorgan Chase & Co. increased their target price on shares of Warner Bros. Discovery from $9.00 to $10.00 and gave the company a “neutral” rating in a report on Tuesday, January 14th. Needham & Company LLC reissued a “hold” rating on shares of Warner Bros. Discovery in a research note on Friday, February 28th. The Goldman Sachs Group raised their price objective on Warner Bros. Discovery from $9.50 to $10.75 and gave the company a “neutral” rating in a research note on Thursday, December 19th. Finally, Barclays boosted their target price on Warner Bros. Discovery from $10.00 to $12.00 and gave the stock an “equal weight” rating in a research report on Friday, February 28th.

Warner Bros. Discovery Price Performance

Shares of WBD opened at $10.56 on Thursday. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.03. The stock’s 50 day moving average is $10.56 and its two-hundred day moving average is $9.76. Warner Bros. Discovery has a twelve month low of $6.64 and a twelve month high of $12.70. The firm has a market capitalization of $25.92 billion, a PE ratio of -2.31, a P/E/G ratio of 8.64 and a beta of 1.48.

Warner Bros. Discovery (NASDAQ:WBD) last posted its quarterly earnings results on Thursday, February 27th. The company reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.30). The business had revenue of $10.03 billion during the quarter, compared to analysts’ expectations of $10.16 billion. Warner Bros. Discovery had a negative net margin of 28.34% and a negative return on equity of 27.56%. Research analysts anticipate that Warner Bros. Discovery will post -4.33 earnings per share for the current year.

Insider Transactions at Warner Bros. Discovery

In related news, Director Piazza Samuel A. Jr. Di acquired 17,346 shares of the business’s stock in a transaction dated Monday, March 3rd. The shares were acquired at an average cost of $11.41 per share, for a total transaction of $197,917.86. Following the acquisition, the director now directly owns 159,932 shares in the company, valued at approximately $1,824,824.12. The trade was a 12.17 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Warner Bros. Discovery

A number of institutional investors have recently bought and sold shares of the stock. Colonial Trust Advisors grew its stake in shares of Warner Bros. Discovery by 71.8% during the 4th quarter. Colonial Trust Advisors now owns 2,383 shares of the company’s stock valued at $25,000 after buying an additional 996 shares during the period. Stonebridge Financial Group LLC acquired a new position in Warner Bros. Discovery in the fourth quarter valued at $26,000. SRS Capital Advisors Inc. grew its position in Warner Bros. Discovery by 313.4% during the fourth quarter. SRS Capital Advisors Inc. now owns 2,559 shares of the company’s stock valued at $27,000 after acquiring an additional 1,940 shares during the period. Graney & King LLC acquired a new stake in Warner Bros. Discovery during the fourth quarter worth about $28,000. Finally, Ethos Financial Group LLC purchased a new position in shares of Warner Bros. Discovery in the 4th quarter worth about $29,000. 59.95% of the stock is currently owned by hedge funds and other institutional investors.

About Warner Bros. Discovery

Warner Bros. Discovery, Inc operates as a media and entertainment company worldwide. It operates through three segments: Studios, Network, and DTC. The Studios segment produces and releases feature films for initial exhibition in theaters; produces and licenses television programs to its networks and third parties and direct-to-consumer services; distributes films and television programs to various third parties and internal television; and offers streaming services and distribution through the home entertainment market, themed experience licensing, and interactive gaming.