Warner Bros. Discovery, Inc. (NASDAQ:WBD) Receives $13.83 Consensus Price Target from Analysts

Warner Bros. Discovery, Inc. (NASDAQ:WBD) has been assigned an average recommendation of “Moderate Buy” from the eighteen research firms that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and ten have given a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $13.83.

WBD has been the subject of several recent research reports. Barclays decreased their target price on shares of Warner Bros. Discovery from $10.00 to $9.00 and set an “equal weight” rating for the company in a research report on Thursday, February 29th. Citigroup lowered their price objective on Warner Bros. Discovery from $16.00 to $14.00 and set a “buy” rating on the stock in a research note on Thursday, February 29th. Benchmark reaffirmed a “buy” rating and issued a $20.00 price target on shares of Warner Bros. Discovery in a research note on Monday, March 4th. Morgan Stanley dropped their price objective on Warner Bros. Discovery from $14.00 to $10.00 and set an “equal weight” rating for the company in a research note on Monday, February 26th. Finally, Barrington Research lowered their target price on shares of Warner Bros. Discovery from $18.00 to $16.00 and set an “outperform” rating on the stock in a report on Monday, February 26th.

Institutional Trading of Warner Bros. Discovery

Several hedge funds have recently bought and sold shares of the business. Oppenheimer & Co. Inc. grew its holdings in shares of Warner Bros. Discovery by 15.2% in the third quarter. Oppenheimer & Co. Inc. now owns 409,018 shares of the company’s stock valued at $4,442,000 after acquiring an additional 53,909 shares in the last quarter. Daiwa Securities Group Inc. boosted its position in Warner Bros. Discovery by 39.9% during the third quarter. Daiwa Securities Group Inc. now owns 423,008 shares of the company’s stock worth $4,594,000 after purchasing an additional 120,586 shares during the period. Assenagon Asset Management S.A. grew its stake in Warner Bros. Discovery by 4.7% in the 4th 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 in the last quarter. Anchor Investment Management LLC bought a new stake in shares of Warner Bros. Discovery during the 4th quarter valued at $105,000. Finally, Ameriprise Financial Inc. increased its position in shares of Warner Bros. Discovery by 2.4% during the third quarter. Ameriprise Financial Inc. now owns 7,879,216 shares of the company’s stock valued at $85,588,000 after buying an additional 186,639 shares during the period. Institutional investors and hedge funds own 59.95% of the company’s stock.

Warner Bros. Discovery Stock Up 0.4 %

WBD stock opened at $7.80 on Monday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.90. The firm’s 50-day simple moving average is $8.40 and its 200 day simple moving average is $9.82. The stock has a market cap of $19.03 billion, a PE ratio of -6.09 and a beta of 1.51. Warner Bros. Discovery has a fifty-two week low of $7.34 and a fifty-two week high of $14.76.

Warner Bros. Discovery (NASDAQ:WBD) last released its earnings results on Friday, February 23rd. The company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.05). The firm had revenue of $10.28 billion during the quarter, compared to analyst estimates of $10.34 billion. Warner Bros. Discovery had a negative return on equity of 3.48% and a negative net margin of 7.57%. The business’s revenue for the quarter was down 6.6% on a year-over-year basis. During the same quarter last year, the company earned $0.42 earnings per share. As a group, sell-side analysts predict that Warner Bros. Discovery will post -0.35 EPS for the current year.

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.