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

Warner Bros. Discovery, Inc. (NASDAQ:WBD) has earned an average recommendation of “Moderate Buy” from the twenty-one brokerages that are currently covering the firm, 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 twelve-month price target among analysts that have updated their coverage on the stock in the last year is $11.91.

Several equities research analysts have recently weighed in on the stock. Needham & Company LLC reissued a “hold” rating on shares of Warner Bros. Discovery in a research report on Friday, February 28th. Barrington Research reissued an “outperform” rating and issued a $16.00 price objective on shares of Warner Bros. Discovery in a report on Wednesday, March 5th. JPMorgan Chase & Co. increased their target price on Warner Bros. Discovery from $9.00 to $10.00 and gave the stock a “neutral” rating in a report on Tuesday, January 14th. Barclays lifted 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. Finally, The Goldman Sachs Group upped their price target on Warner Bros. Discovery from $9.50 to $10.75 and gave the company a “neutral” rating in a research report on Thursday, December 19th.

Warner Bros. Discovery Stock Up 3.5 %

Shares of NASDAQ WBD opened at $10.73 on Thursday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.80 and a current ratio of 0.80. Warner Bros. Discovery has a 1 year low of $6.64 and a 1 year high of $12.70. The stock’s 50-day simple moving average is $10.54 and its 200-day simple moving average is $9.75. The firm has a market cap of $26.34 billion, a price-to-earnings ratio of -2.34, a PEG ratio of 8.64 and a beta of 1.48.

Warner Bros. Discovery (NASDAQ:WBD) last released its earnings results on Thursday, February 27th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of $0.10 by ($0.30). The business had revenue of $10.03 billion for 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%. As a group, equities analysts anticipate that Warner Bros. Discovery will post -4.33 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Piazza Samuel A. Jr. Di purchased 17,346 shares of Warner Bros. Discovery stock in a transaction dated Monday, March 3rd. The stock was bought at an average cost of $11.41 per share, with a total value of $197,917.86. Following the purchase, the director now 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 filing with the Securities & Exchange Commission, which is available through this link. 1.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Warner Bros. Discovery

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WBD. Colonial Trust Advisors raised its position in Warner Bros. Discovery by 71.8% in the fourth quarter. Colonial Trust Advisors now owns 2,383 shares of the company’s stock worth $25,000 after acquiring an additional 996 shares in the last quarter. Stonebridge Financial Group LLC bought a new stake in shares of Warner Bros. Discovery in the 4th quarter worth approximately $26,000. SRS Capital Advisors Inc. lifted its stake 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 purchasing an additional 1,940 shares during the last quarter. Graney & King LLC bought a new stake in Warner Bros. Discovery during the fourth quarter worth approximately $28,000. Finally, Ethos Financial Group LLC acquired a new position in Warner Bros. Discovery in the fourth quarter worth approximately $29,000. Institutional investors own 59.95% of the company’s stock.

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.