Analysts Set Warner Bros. Discovery, Inc. (NASDAQ:WBD) Target Price at $13.25

Warner Bros. Discovery, Inc. (NASDAQ:WBD) has been assigned a consensus recommendation of “Hold” from the twenty-three research firms that are presently covering the company, Marketbeat.com reports. Fourteen equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $13.9583.

Several equities analysts have recently commented on the company. Barrington Research reaffirmed an “outperform” rating and set a $16.00 target price on shares of Warner Bros. Discovery in a report on Wednesday, July 30th. Morgan Stanley boosted their price objective on Warner Bros. Discovery from $10.00 to $13.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 6th. Needham & Company LLC reaffirmed a “hold” rating on shares of Warner Bros. Discovery in a research report on Friday, September 12th. Citigroup cut their target price on Warner Bros. Discovery from $15.00 to $14.00 and set a “buy” rating on the stock in a research note on Thursday, May 29th. Finally, KeyCorp lowered their price target on shares of Warner Bros. Discovery from $18.00 to $16.00 and set an “overweight” rating for the company in a research report on Friday, August 8th.

Warner Bros. Discovery Stock Up 1.3%

Shares of NASDAQ:WBD opened at $19.82 on Thursday. The company’s fifty day moving average is $13.57 and its two-hundred day moving average is $11.10. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.04 and a current ratio of 1.04. Warner Bros. Discovery has a 1-year low of $7.25 and a 1-year high of $20.12. The stock has a market capitalization of $49.07 billion, a price-to-earnings ratio of 66.07, a price-to-earnings-growth ratio of 2.61 and a beta of 1.59.

Warner Bros. Discovery (NASDAQ:WBD) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.79. The business had revenue of $9.81 billion during the quarter, compared to the consensus estimate of $9.73 billion. Warner Bros. Discovery had a net margin of 2.00% and a return on equity of 2.14%. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($4.07) EPS. Equities analysts anticipate that Warner Bros. Discovery will post -4.33 EPS for the current year.

Insider Buying and Selling at Warner Bros. Discovery

In other Warner Bros. Discovery news, Director Anton J. Levy purchased 75,000 shares of the business’s stock in a transaction dated Tuesday, August 12th. The shares were bought at an average price of $11.00 per share, with a total value of $825,000.00. Following the completion of the acquisition, the director owned 949,000 shares in the company, valued at approximately $10,439,000. This represents a 8.58% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Gunnar Wiedenfels sold 530,793 shares of the business’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $19.50, for a total value of $10,350,463.50. Following the transaction, the chief financial officer owned 1,141,150 shares of the company’s stock, valued at approximately $22,252,425. This represents a 31.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 970,115 shares of company stock worth $17,818,490. 1.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. WPG Advisers LLC acquired a new stake in Warner Bros. Discovery in the first quarter worth about $26,000. Financial Gravity Asset Management Inc. acquired a new position in Warner Bros. Discovery during the 1st quarter valued at about $27,000. Financial Gravity Companies Inc. bought a new stake in shares of Warner Bros. Discovery during the 2nd quarter worth about $29,000. North Capital Inc. acquired a new stake in shares of Warner Bros. Discovery in the 1st quarter worth approximately $28,000. Finally, Smallwood Wealth Investment Management LLC acquired a new stake in shares of Warner Bros. Discovery in the 1st quarter worth approximately $29,000. Institutional investors own 59.95% of the company’s stock.

Warner Bros. Discovery Company Profile

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.