Warner Bros. Discovery, Inc. (NASDAQ:WBD) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD - Get Free Report) have been given an average rating of "Moderate Buy" by the twenty-one research firms that are covering the stock, MarketBeat.com reports. Ten analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $12.22.

Several research firms have commented 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. Barclays increased their target price on shares of Warner Bros. Discovery from $7.00 to $9.00 and gave the stock an "equal weight" rating in a research report on Friday, May 9th. Citigroup raised their target price on Warner Bros. Discovery from $13.00 to $15.00 and gave the company a "buy" rating in a report on Wednesday, March 5th. KeyCorp decreased their price target on Warner Bros. Discovery from $14.00 to $13.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Finally, Wells Fargo & Company increased their price objective on Warner Bros. Discovery from $9.00 to $10.00 and gave the company an "equal weight" rating in a report on Friday, May 9th.

Insider Buying and Selling at Warner Bros. Discovery

In other news, Director Piazza Samuel A. Jr. Di purchased 17,346 shares of Warner Bros. Discovery stock in a transaction on Monday, March 3rd. The shares were purchased at an average cost of $11.41 per share, for a total transaction of $197,917.86. Following the completion of the transaction, the director now directly owns 159,932 shares in the company, valued at approximately $1,824,824.12. This represents a 12.17% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.90% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Colonial Trust Advisors grew its holdings in shares of Warner Bros. Discovery by 71.8% during the fourth quarter. Colonial Trust Advisors now owns 2,383 shares of the company's stock worth $25,000 after purchasing an additional 996 shares during the last quarter. WPG Advisers LLC bought a new stake in Warner Bros. Discovery during the 1st quarter worth about $26,000. Stonebridge Financial Group LLC acquired a new stake in Warner Bros. Discovery in the 4th quarter valued at about $26,000. Financial Gravity Asset Management Inc. acquired a new stake in Warner Bros. Discovery in the 1st quarter valued at about $27,000. Finally, SRS Capital Advisors Inc. raised its stake in shares of 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 during the last quarter. 59.95% of the stock is owned by institutional investors and hedge funds.

Warner Bros. Discovery Stock Performance

Shares of WBD opened at $9.14 on Friday. The company has a market capitalization of $22.44 billion, a PE ratio of -2.00, a PEG ratio of 8.64 and a beta of 1.46. 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 company's 50 day moving average price is $9.20 and its 200 day moving average price is $9.87. Warner Bros. Discovery has a 52 week low of $6.64 and a 52 week high of $12.70.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.06). Warner Bros. Discovery had a negative net margin of 28.34% and a negative return on equity of 27.56%. The company had revenue of $8.98 billion for the quarter, compared to analysts' expectations of $9.66 billion. During the same quarter in the prior year, the firm earned ($0.40) earnings per share. The company's revenue was down 9.8% on a year-over-year basis. Research analysts expect that Warner Bros. Discovery will post -4.33 EPS 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.

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