Warner Bros. Discovery, Inc. (NASDAQ:WBD) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) have earned an average rating of “Moderate Buy” from the eighteen ratings firms that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and ten have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $13.83.

WBD has been the topic of a number of research reports. Macquarie dropped their price objective on Warner Bros. Discovery from $16.00 to $14.00 and set an “outperform” rating on the stock in a research note on Monday, January 22nd. Wells Fargo & Company downgraded Warner Bros. Discovery from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $16.00 to $12.00 in a report on Monday, January 29th. Morgan Stanley lowered their price target on Warner Bros. Discovery from $14.00 to $10.00 and set an “equal weight” rating on the stock in a report on Monday, February 26th. Barclays lowered their price target on Warner Bros. Discovery from $10.00 to $9.00 and set an “equal weight” rating on the stock in a report on Thursday, February 29th. Finally, Rosenblatt Securities upgraded Warner Bros. Discovery from a “sell” rating to a “neutral” rating and boosted their target price for the company from $7.00 to $10.00 in a research note on Thursday, March 21st.

Institutional Investors Weigh In On Warner Bros. Discovery

A number of hedge funds and other institutional investors have recently bought and sold shares of WBD. Oppenheimer & Co. Inc. raised its stake in shares of Warner Bros. Discovery by 15.2% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 409,018 shares of the company’s stock valued at $4,442,000 after purchasing an additional 53,909 shares during the period. Daiwa Securities Group Inc. boosted its stake in shares of Warner Bros. Discovery by 39.9% in the third quarter. Daiwa Securities Group Inc. now owns 423,008 shares of the company’s stock valued at $4,594,000 after buying an additional 120,586 shares during the period. Assenagon Asset Management S.A. boosted its stake in shares of Warner Bros. Discovery by 4.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 805,597 shares of the company’s stock valued at $9,168,000 after buying an additional 36,405 shares during the period. Anchor Investment Management LLC bought a new stake in shares of Warner Bros. Discovery in the fourth quarter valued at approximately $105,000. Finally, Ameriprise Financial Inc. lifted its stake in Warner Bros. Discovery by 2.4% during the third quarter. Ameriprise Financial Inc. now owns 7,879,216 shares of the company’s stock worth $85,588,000 after purchasing an additional 186,639 shares during the last quarter. 59.95% of the stock is owned by institutional investors and hedge funds.

Warner Bros. Discovery Stock Up 0.3 %

Shares of Warner Bros. Discovery stock opened at $7.97 on Monday. The business’s fifty day moving average price is $8.45 and its two-hundred day moving average price is $9.87. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.93 and a quick ratio of 0.93. The company has a market capitalization of $19.44 billion, a P/E ratio of -6.23 and a beta of 1.51. Warner Bros. Discovery has a 1-year low of $7.34 and a 1-year high of $14.76.

Warner Bros. Discovery (NASDAQ:WBD) last posted its quarterly earnings data on Friday, February 23rd. The company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.05). Warner Bros. Discovery had a negative return on equity of 3.48% and a negative net margin of 7.57%. The firm had revenue of $10.28 billion during the quarter, compared to the consensus estimate of $10.34 billion. During the same period in the prior year, the firm posted $0.42 EPS. The firm’s quarterly revenue was down 6.6% on a year-over-year basis. As a group, research analysts forecast that Warner Bros. Discovery will post -0.35 EPS for the current 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.