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

Shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) have been assigned a consensus rating of “Moderate Buy” from the twenty-one research firms that are currently covering the stock, Marketbeat.com reports. Ten equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $12.22.

WBD has been the topic of several recent research reports. Raymond James reduced their target price on shares of Warner Bros. Discovery from $14.00 to $13.00 and set an “outperform” rating on the stock in a research note on Friday, April 4th. Benchmark reaffirmed a “buy” rating and set a $18.00 target price on shares of Warner Bros. Discovery in a report on Wednesday, February 26th. Barrington Research reiterated an “outperform” rating and set a $16.00 target price on shares of Warner Bros. Discovery in a research report on Tuesday. Citigroup raised their price target on Warner Bros. Discovery from $13.00 to $15.00 and gave the stock a “buy” rating in a research report on Wednesday, March 5th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Warner Bros. Discovery in a report on Friday, February 28th.

Insiders Place Their Bets

In other news, Director Piazza Samuel A. Jr. Di bought 17,346 shares of the stock in a transaction on Monday, March 3rd. The stock was purchased at an average price of $11.41 per share, for a total transaction of $197,917.86. Following the acquisition, the director now owns 159,932 shares in the company, valued at approximately $1,824,824.12. This trade represents a 12.17% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of WBD. Principal Financial Group Inc. boosted its position in Warner Bros. Discovery by 3.1% during the 3rd quarter. Principal Financial Group Inc. now owns 2,579,571 shares of the company’s stock worth $21,281,000 after acquiring an additional 78,653 shares during the last quarter. Coronation Fund Managers Ltd. lifted its position in shares of Warner Bros. Discovery by 54.1% in the fourth quarter. Coronation Fund Managers Ltd. now owns 5,644,290 shares of the company’s stock worth $59,660,000 after purchasing an additional 1,981,050 shares in the last quarter. Prudential PLC boosted its holdings in Warner Bros. Discovery by 31.1% during the fourth quarter. Prudential PLC now owns 135,163 shares of the company’s stock worth $1,429,000 after purchasing an additional 32,102 shares during the last quarter. SVB Wealth LLC bought a new position in Warner Bros. Discovery in the fourth quarter valued at $168,000. Finally, Natixis Advisors LLC increased its stake in Warner Bros. Discovery by 3.6% in the 4th quarter. Natixis Advisors LLC now owns 291,006 shares of the company’s stock valued at $3,076,000 after buying an additional 10,024 shares during the last quarter. 59.95% of the stock is owned by institutional investors and hedge funds.

Warner Bros. Discovery Stock Down 0.8%

NASDAQ WBD opened at $9.14 on Friday. The stock has a market capitalization of $22.44 billion, a P/E ratio of -2.00, a price-to-earnings-growth ratio of 8.64 and a beta of 1.46. Warner Bros. Discovery has a 52 week low of $6.64 and a 52 week high of $12.70. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.80 and a current ratio of 0.80. The stock has a fifty day moving average of $9.20 and a 200-day moving average of $9.87.

Warner Bros. Discovery (NASDAQ:WBD) last announced its quarterly earnings data on Thursday, May 8th. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.06). The firm had revenue of $8.98 billion during the quarter, compared to analyst estimates of $9.66 billion. Warner Bros. Discovery had a negative return on equity of 27.56% and a negative net margin of 28.34%. Warner Bros. Discovery’s revenue for the quarter was down 9.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.40) earnings per share. On average, equities research analysts forecast that Warner Bros. Discovery will post -4.33 EPS for the current year.

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.