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Warner Bros. Discovery (NASDAQ:WBD) Hits New 12-Month Low at $7.25

Warner Bros. Discovery logo with Consumer Discretionary background

Warner Bros. Discovery, Inc. (NASDAQ:WBD - Get Free Report)'s share price hit a new 52-week low during trading on Friday . The stock traded as low as $7.25 and last traded at $7.28, with a volume of 2077774 shares trading hands. The stock had previously closed at $7.29.

Analysts Set New Price Targets

Several analysts have commented on the stock. Rosenblatt Securities upgraded shares of Warner Bros. Discovery from a "sell" rating to a "neutral" rating and upped their target price for the company from $7.00 to $10.00 in a research report on Thursday, March 21st. JPMorgan Chase & Co. lowered their price objective on shares of Warner Bros. Discovery from $13.00 to $10.00 and set a "neutral" rating for the company in a research report on Monday, February 26th. Needham & Company LLC restated a "hold" rating on shares of Warner Bros. Discovery in a research report on Friday, May 10th. Barclays lowered their price objective on shares of Warner Bros. Discovery from $10.00 to $9.00 and set an "equal weight" rating for the company in a research report on Thursday, February 29th. Finally, Morgan Stanley lowered their price objective on shares of Warner Bros. Discovery from $14.00 to $10.00 and set an "equal weight" rating for the company in a research report on Monday, February 26th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat, Warner Bros. Discovery presently has a consensus rating of "Moderate Buy" and a consensus target price of $13.16.

Check Out Our Latest Analysis on WBD


Warner Bros. Discovery Stock Performance

The stock's 50 day moving average price is $8.10 and its 200 day moving average price is $9.37. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.87. The company has a market capitalization of $17.74 billion, a price-to-earnings ratio of -5.84 and a beta of 1.53.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last posted its quarterly earnings data on Thursday, May 9th. The company reported ($0.40) EPS for the quarter, missing analysts' consensus estimates of ($0.24) by ($0.16). Warner Bros. Discovery had a negative return on equity of 6.58% and a negative net margin of 7.45%. The business had revenue of $9.96 billion for the quarter, compared to analyst estimates of $10.22 billion. During the same quarter in the prior year, the company earned $0.18 earnings per share. The company's quarterly revenue was down 6.9% on a year-over-year basis. Analysts expect that Warner Bros. Discovery, Inc. will post -0.38 earnings per share for the current year.

Hedge Funds Weigh In On Warner Bros. Discovery

A number of large investors have recently modified their holdings of WBD. Fortis Group Advisors LLC acquired a new stake in Warner Bros. Discovery in the 3rd quarter valued at about $25,000. Pacifica Partners Inc. lifted its stake in Warner Bros. Discovery by 118.2% in the 4th quarter. Pacifica Partners Inc. now owns 2,483 shares of the company's stock valued at $27,000 after purchasing an additional 1,345 shares during the last quarter. Headinvest LLC acquired a new stake in Warner Bros. Discovery in the 3rd quarter valued at about $28,000. Systematic Alpha Investments LLC acquired a new stake in Warner Bros. Discovery in the 3rd quarter valued at about $31,000. Finally, University of Texas Texas AM Investment Managment Co. bought a new position in Warner Bros. Discovery in the 4th quarter valued at about $33,000. 59.95% of the stock is currently owned by institutional investors and hedge funds.

Warner Bros. Discovery Company Profile

(Get Free Report)

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.

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