Warner Bros. Discovery, Inc. (NASDAQ:WBD) Given Average Rating of "Moderate Buy" by Analysts

Shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD - Get Free Report) have been given an average rating of "Moderate Buy" by the twenty-four ratings firms that are presently covering the company, Marketbeat reports. Twelve analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $12.21.

WBD has been the subject of several research analyst reports. Needham & Company LLC restated a "hold" rating on shares of Warner Bros. Discovery in a research note on Tuesday, June 10th. Morgan Stanley lowered their target price on Warner Bros. Discovery from $12.00 to $10.00 and set an "equal weight" rating on the stock in a research note on Tuesday, May 6th. Barclays increased their price target on Warner Bros. Discovery from $7.00 to $9.00 and gave the stock an "equal weight" rating in a research note on Friday, May 9th. Barrington Research reaffirmed an "outperform" rating and set a $16.00 price objective on shares of Warner Bros. Discovery in a report on Monday, June 9th. Finally, UBS Group increased their target price on shares of Warner Bros. Discovery from $9.00 to $10.00 and gave the stock a "neutral" rating in a research report on Tuesday.

Institutional Trading of Warner Bros. Discovery

Large investors have recently modified their holdings of the business. Colonial Trust Advisors lifted its position in Warner Bros. Discovery by 71.8% during the fourth 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. WPG Advisers LLC purchased a new stake in shares of Warner Bros. Discovery during the 1st quarter valued at $26,000. Financial Gravity Asset Management Inc. purchased a new position in Warner Bros. Discovery in the first quarter worth $27,000. SRS Capital Advisors Inc. grew its position in Warner Bros. Discovery by 313.4% in the fourth quarter. SRS Capital Advisors Inc. now owns 2,559 shares of the company's stock worth $27,000 after acquiring an additional 1,940 shares in the last quarter. Finally, North Capital Inc. bought a new position in Warner Bros. Discovery in the first quarter valued at $28,000. Institutional investors own 59.95% of the company's stock.

Warner Bros. Discovery Stock Performance

Shares of WBD traded up $0.39 on Friday, reaching $11.41. 73,450,313 shares of the company's stock traded hands, compared to its average volume of 36,584,235. The stock's 50 day simple moving average is $9.89 and its two-hundred day simple moving average is $9.94. The stock has a market cap of $28.01 billion, a PE ratio of -2.59 and a beta of 1.54. Warner Bros. Discovery has a 52-week low of $6.64 and a 52-week high of $12.70. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.99.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported ($0.18) EPS for the quarter, missing analysts' consensus estimates of ($0.12) by ($0.06). The business had revenue of $8.98 billion for the quarter, compared to the consensus estimate of $9.66 billion. Warner Bros. Discovery had a negative return on equity of 30.56% and a negative net margin of 28.16%. The company's revenue for the quarter was down 9.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.40) earnings per share. On average, analysts forecast that Warner Bros. Discovery will post -4.33 earnings per share for the current fiscal 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.