Warner Bros. Discovery, Inc. (NASDAQ:WBD) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) have earned a consensus recommendation of “Moderate Buy” from the twenty-one brokerages that are covering the stock, MarketBeat.com reports. Ten analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $11.76.

Several analysts have recently weighed in on the company. Rosenblatt Securities reissued a “neutral” rating and set a $13.00 price objective on shares of Warner Bros. Discovery in a report on Friday, March 7th. Raymond James cut their target price on shares of Warner Bros. Discovery from $14.00 to $13.00 and set an “outperform” rating for the company in a research note on Friday, April 4th. Citigroup upped 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. Benchmark restated a “buy” rating and issued a $18.00 price objective on shares of Warner Bros. Discovery in a research report on Wednesday, February 26th. Finally, Barclays reduced their target price on shares of Warner Bros. Discovery from $12.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 8th.

Insider Activity at Warner Bros. Discovery

In related news, Director Piazza Samuel A. Jr. Di bought 17,346 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The shares were acquired at an average price of $11.41 per share, for a total transaction of $197,917.86. Following the completion of the acquisition, the director now owns 159,932 shares of the company’s stock, valued at approximately $1,824,824.12. The trade was a 12.17 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Warner Bros. Discovery

Large investors have recently made changes to their positions in the stock. Huntleigh Advisors Inc. bought a new stake in Warner Bros. Discovery during the first quarter worth $430,000. Rakuten Securities Inc. boosted its stake in shares of Warner Bros. Discovery by 116.3% during the 1st quarter. Rakuten Securities Inc. now owns 3,738 shares of the company’s stock worth $40,000 after acquiring an additional 2,010 shares during the period. QRG Capital Management Inc. increased its holdings in shares of Warner Bros. Discovery by 70.8% during the 1st quarter. QRG Capital Management Inc. now owns 19,500 shares of the company’s stock worth $209,000 after acquiring an additional 8,083 shares during the last quarter. Sagespring Wealth Partners LLC raised its stake in Warner Bros. Discovery by 53.1% in the 1st quarter. Sagespring Wealth Partners LLC now owns 24,296 shares of the company’s stock valued at $261,000 after acquiring an additional 8,424 shares during the period. Finally, Sowell Financial Services LLC acquired a new stake in Warner Bros. Discovery during the 1st quarter valued at $133,000. Institutional investors and hedge funds own 59.95% of the company’s stock.

Warner Bros. Discovery Trading Up 2.4 %

Shares of NASDAQ WBD opened at $8.11 on Monday. The stock has a market cap of $19.91 billion, a price-to-earnings ratio of -1.77, a PEG ratio of 8.64 and a beta of 1.43. The business has a 50 day simple moving average of $10.01 and a 200 day simple moving average of $9.76. 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.

Warner Bros. Discovery (NASDAQ:WBD) last issued its quarterly earnings data on Thursday, February 27th. The company reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.30). The firm had revenue of $10.03 billion during the quarter, compared to analyst estimates of $10.16 billion. Warner Bros. Discovery had a negative return on equity of 27.56% and a negative net margin of 28.34%. On average, research analysts predict 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.