Warner Bros. Discovery, Inc. (NASDAQ:WBD) Receives Average Recommendation of "Moderate Buy" from Brokerages

Warner Bros. Discovery, Inc. (NASDAQ:WBD - Get Free Report) has earned an average rating of "Moderate Buy" from the twenty-one research firms that are covering the company, Marketbeat reports. Ten equities research analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $12.01.

Several research analysts have recently commented on the company. Moffett Nathanson upgraded Warner Bros. Discovery from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $9.00 to $13.00 in a research report on Tuesday, January 21st. Barrington Research reiterated an "outperform" rating and set a $16.00 target price on shares of Warner Bros. Discovery in a research note on Wednesday, March 5th. Citigroup raised their price target on shares of Warner Bros. Discovery from $13.00 to $15.00 and gave the stock a "buy" rating in a research report on Wednesday, March 5th. Needham & Company LLC reaffirmed a "hold" rating on shares of Warner Bros. Discovery in a research report on Friday, February 28th. Finally, Rosenblatt Securities reiterated a "neutral" rating and set a $13.00 price objective on shares of Warner Bros. Discovery in a research note on Friday, March 7th.

Warner Bros. Discovery Stock Up 1.2 %

Shares of NASDAQ WBD traded up $0.10 during midday trading on Monday, reaching $8.60. 9,383,988 shares of the company's stock were exchanged, compared to its average volume of 32,856,369. 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 52-week low of $6.64 and a 52-week high of $12.70. The business's fifty day moving average price is $9.85 and its two-hundred day moving average price is $9.75. The stock has a market capitalization of $21.11 billion, a PE ratio of -1.88, a price-to-earnings-growth ratio of 8.64 and a beta of 1.43.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last posted its quarterly earnings results on Thursday, February 27th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.30). The company had revenue of $10.03 billion during the quarter, compared to analyst estimates of $10.16 billion. Warner Bros. Discovery had a negative net margin of 28.34% and a negative return on equity of 27.56%. Analysts forecast that Warner Bros. Discovery will post -4.33 EPS for the current year.

Insider Activity

In other Warner Bros. Discovery news, Director Piazza Samuel A. Jr. Di purchased 17,346 shares of the company's 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 owns 159,932 shares in the company, valued at $1,824,824.12. The trade was 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. Insiders own 1.80% of the company's stock.

Institutional Trading of Warner Bros. Discovery

Hedge funds and other institutional investors have recently made changes to their positions in the business. Colonial Trust Advisors raised its position 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 period. Stonebridge Financial Group LLC acquired a new stake in shares of Warner Bros. Discovery during the fourth quarter valued at approximately $26,000. SRS Capital Advisors Inc. boosted its stake in Warner Bros. Discovery by 313.4% in the 4th quarter. SRS Capital Advisors Inc. now owns 2,559 shares of the company's stock worth $27,000 after purchasing an additional 1,940 shares during the period. Graney & King LLC purchased a new position in Warner Bros. Discovery during the 4th quarter worth approximately $28,000. Finally, Ethos Financial Group LLC acquired a new stake in Warner Bros. Discovery during the 4th quarter valued at $29,000. 59.95% of the stock is currently owned by institutional investors.

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.