Warner Bros. Discovery, Inc. (NASDAQ:WBD) Given Consensus Recommendation of “Hold” by Brokerages

Warner Bros. Discovery, Inc. (NASDAQ:WBD) has been given a consensus rating of “Hold” by the twenty-two analysts that are covering the stock, MarketBeat.com reports. Twelve analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $11.44.

Several equities analysts have issued reports on the stock. Needham & Company LLC restated a “hold” rating on shares of Warner Bros. Discovery in a research note on Thursday, October 10th. Guggenheim upped their price objective on shares of Warner Bros. Discovery from $11.00 to $12.50 and gave the company a “buy” rating in a research note on Thursday, December 12th. Rosenblatt Securities upped their price objective on shares of Warner Bros. Discovery from $9.00 to $13.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Bank of America reaffirmed a “buy” rating and issued a $14.00 target price on shares of Warner Bros. Discovery in a report on Thursday, December 12th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $16.00 target price on shares of Warner Bros. Discovery in a report on Friday, December 13th.

Insiders Place Their Bets

In other Warner Bros. Discovery news, insider Savalle Sims sold 169,436 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $12.36, for a total transaction of $2,094,228.96. Following the transaction, the insider now owns 599,317 shares of the company’s stock, valued at $7,407,558.12. This trade represents a 22.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Warner Bros. Discovery

A number of hedge funds have recently made changes to their positions in the business. Commerce Bank increased its stake in Warner Bros. Discovery by 2.4% during the 3rd quarter. Commerce Bank now owns 55,963 shares of the company’s stock worth $462,000 after buying an additional 1,286 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in Warner Bros. Discovery by 0.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 183,462 shares of the company’s stock worth $1,939,000 after buying an additional 1,387 shares during the period. GAM Holding AG increased its stake in Warner Bros. Discovery by 0.3% during the 3rd quarter. GAM Holding AG now owns 457,685 shares of the company’s stock worth $3,776,000 after buying an additional 1,437 shares during the period. Waldron Private Wealth LLC increased its stake in Warner Bros. Discovery by 5.4% during the 3rd quarter. Waldron Private Wealth LLC now owns 28,348 shares of the company’s stock worth $234,000 after buying an additional 1,461 shares during the period. Finally, PFG Investments LLC increased its stake in Warner Bros. Discovery by 1.4% during the 3rd quarter. PFG Investments LLC now owns 112,307 shares of the company’s stock worth $927,000 after buying an additional 1,517 shares during the period. Hedge funds and other institutional investors own 59.95% of the company’s stock.

Warner Bros. Discovery Stock Performance

NASDAQ:WBD opened at $9.70 on Friday. The company has a fifty day simple moving average of $10.24 and a two-hundred day simple moving average of $8.62. The company has a market cap of $23.80 billion, a price-to-earnings ratio of -2.12 and a beta of 1.50. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.03. 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 earnings results on Thursday, November 7th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.12. The firm had revenue of $9.62 billion during the quarter, compared to the consensus estimate of $9.79 billion. Warner Bros. Discovery had a negative net margin of 28.34% and a negative return on equity of 27.56%. The company’s revenue was down 3.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.17) earnings per share. As a group, equities analysts anticipate that Warner Bros. Discovery will post -4.37 earnings per share for the current fiscal 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.