Warner Bros. Discovery, Inc. (NASDAQ:WBD) Receives $11.91 Average Target Price from Brokerages

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

A number of brokerages recently issued reports on WBD. Rosenblatt Securities reissued a “neutral” rating and issued a $13.00 target price on shares of Warner Bros. Discovery in a research report on Friday, March 7th. Barrington Research restated an “outperform” rating and issued a $16.00 price objective on shares of Warner Bros. Discovery in a research note on Wednesday, March 5th. Citigroup boosted their price target on Warner Bros. Discovery from $13.00 to $15.00 and gave the company a “buy” rating in a research report on Wednesday, March 5th. Guggenheim increased their price target on Warner Bros. Discovery from $11.00 to $12.50 and gave the stock a “buy” rating in a report on Thursday, December 12th. Finally, Barclays lifted their target price on shares of Warner Bros. Discovery from $10.00 to $12.00 and gave the company an “equal weight” rating in a report on Friday, February 28th.

Insider Buying and Selling at Warner Bros. Discovery

In related news, Director Piazza Samuel A. Jr. Di bought 17,346 shares of Warner Bros. Discovery stock in a transaction dated Monday, March 3rd. The stock was acquired at an average cost of $11.41 per share, with a total value of $197,917.86. Following the completion of the acquisition, the director now directly owns 159,932 shares in the company, valued at approximately $1,824,824.12. This trade represents a 12.17 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Warner Bros. Discovery

Several hedge funds have recently made changes to their positions in WBD. Pathstone Holdings LLC increased its position in Warner Bros. Discovery by 11.6% in the 3rd quarter. Pathstone Holdings LLC now owns 171,331 shares of the company’s stock worth $1,413,000 after purchasing an additional 17,869 shares during the last quarter. Commerce Bank boosted its holdings in shares of Warner Bros. Discovery by 2.4% during the 3rd quarter. Commerce Bank now owns 55,963 shares of the company’s stock worth $462,000 after buying an additional 1,286 shares during the period. Intech Investment Management LLC lifted its position in Warner Bros. Discovery by 40.3% during the 3rd quarter. Intech Investment Management LLC now owns 118,531 shares of the company’s stock worth $978,000 after acquiring an additional 34,050 shares during the last quarter. Raymond James Trust N.A. grew its position in shares of Warner Bros. Discovery by 7.2% in the third quarter. Raymond James Trust N.A. now owns 30,495 shares of the company’s stock valued at $252,000 after purchasing an additional 2,059 shares during the last quarter. Finally, Cerity Partners LLC boosted its stake in Warner Bros. Discovery by 81.0% during the 3rd quarter. Cerity Partners LLC now owns 210,104 shares of the company’s stock valued at $1,733,000 after purchasing an additional 94,050 shares during the period. Hedge funds and other institutional investors own 59.95% of the company’s stock.

Warner Bros. Discovery Stock Down 5.8 %

WBD stock opened at $10.37 on Thursday. Warner Bros. Discovery has a fifty-two week low of $6.64 and a fifty-two week high of $12.70. The company’s 50 day moving average price is $10.52 and its 200 day moving average price is $9.70. 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 firm has a market capitalization of $25.46 billion, a price-to-earnings ratio of -2.26, a PEG ratio of 8.64 and a beta of 1.48.

Warner Bros. Discovery (NASDAQ:WBD) last posted 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 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%. On average, equities research analysts anticipate 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.