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

Warner Bros. Discovery, Inc. (NASDAQ:WBD) has received an average recommendation of “Moderate Buy” from the twenty-one brokerages that are presently covering the firm, Marketbeat Ratings reports. Ten equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $11.91.

A number of research analysts have issued reports on the stock. The Goldman Sachs Group upped their target price on shares of Warner Bros. Discovery from $9.50 to $10.75 and gave the company a “neutral” rating in a research report on Thursday, December 19th. Raymond James upped their target price on shares of Warner Bros. Discovery from $11.00 to $12.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Bank of America restated a “buy” rating and set a $14.00 target price on shares of Warner Bros. Discovery in a research report on Thursday, December 12th. Benchmark restated a “buy” rating and set a $18.00 target price on shares of Warner Bros. Discovery in a research report on Wednesday, February 26th. Finally, Macquarie upped their target price on shares of Warner Bros. Discovery from $8.00 to $9.00 and gave the company a “neutral” rating in a research report on Friday, November 8th.

Insider Buying and Selling

In related news, insider Savalle Sims sold 169,436 shares of the firm’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $12.36, for a total value of $2,094,228.96. Following the completion of the transaction, the insider now directly owns 599,317 shares of the company’s stock, valued at approximately $7,407,558.12. This trade represents a 22.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Piazza Samuel A. Jr. Di bought 17,346 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The stock was purchased at an average cost of $11.41 per share, with a total value of $197,917.86. Following the completion of the purchase, the director now directly owns 159,932 shares of the company’s stock, valued at $1,824,824.12. This represents a 12.17 % increase in their position. The disclosure for this purchase can be found here. 1.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Warner Bros. Discovery

Several hedge funds and other institutional investors have recently made changes to their positions in WBD. Colonial Trust Advisors lifted its holdings in 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 purchasing an additional 996 shares during the last quarter. Stonebridge Financial Group LLC acquired a new stake in Warner Bros. Discovery during the 4th quarter valued at $26,000. SRS Capital Advisors Inc. lifted its holdings in Warner Bros. Discovery by 313.4% during the 4th quarter. SRS Capital Advisors Inc. now owns 2,559 shares of the company’s stock valued at $27,000 after purchasing an additional 1,940 shares during the last quarter. Graney & King LLC acquired a new stake in Warner Bros. Discovery during the 4th quarter valued at $28,000. Finally, Ethos Financial Group LLC acquired a new stake in Warner Bros. Discovery during the 4th quarter valued at $29,000. 59.95% of the stock is owned by institutional investors.

Warner Bros. Discovery Stock Down 6.4 %

Shares of NASDAQ:WBD opened at $10.70 on Friday. Warner Bros. Discovery has a 12 month low of $6.64 and a 12 month high of $12.70. The company’s 50-day moving average price is $10.38 and its two-hundred day moving average price is $9.35. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.03. The firm has a market cap of $26.25 billion, a P/E ratio of -2.34, a P/E/G ratio of 8.64 and a beta of 1.49.

Warner Bros. Discovery (NASDAQ:WBD) last issued its quarterly earnings data on Thursday, February 27th. The company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.30). Warner Bros. Discovery had a negative return on equity of 27.56% and a negative net margin of 28.34%. The company had revenue of $10.03 billion for the quarter, compared to the consensus estimate of $10.16 billion. As a group, research analysts forecast that Warner Bros. Discovery will post -4.33 EPS for the current fiscal year.

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.