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

Warner Bros. Discovery, Inc. (NASDAQ:WBD) has been given a consensus rating of “Moderate Buy” by the twenty ratings firms that are currently covering the firm, Marketbeat.com reports. Ten investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $11.75.

A number of brokerages have recently weighed in on WBD. Raymond James increased their price objective on Warner Bros. Discovery from $11.00 to $12.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Wolfe Research raised Warner Bros. Discovery from an “underperform” rating to a “peer perform” rating in a report on Monday, November 11th. Macquarie raised their price objective on Warner Bros. Discovery from $8.00 to $9.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Barrington Research reissued an “outperform” rating and issued a $16.00 price objective on shares of Warner Bros. Discovery in a report on Thursday. Finally, KeyCorp raised their price objective on Warner Bros. Discovery from $11.00 to $14.00 and gave the company an “overweight” rating in a report on Tuesday, December 10th.

Insiders Place Their Bets

In related news, insider Savalle Sims sold 169,436 shares of the company’s 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 approximately $7,407,558.12. This represents a 22.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Warner Bros. Discovery

Several institutional investors and hedge funds have recently bought and sold shares of WBD. Colonial Trust Advisors grew its holdings in Warner Bros. Discovery by 71.8% during the 4th quarter. Colonial Trust Advisors now owns 2,383 shares of the company’s stock valued at $25,000 after purchasing an additional 996 shares in the last quarter. Stonebridge Financial Group LLC bought a new position in shares of Warner Bros. Discovery in the 4th quarter worth about $26,000. SRS Capital Advisors Inc. grew its position 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 last quarter. Graney & King LLC bought a new stake in shares of Warner Bros. Discovery during the 4th quarter worth about $28,000. Finally, Ethos Financial Group LLC bought a new stake in shares of Warner Bros. Discovery during the 4th quarter worth about $29,000. Institutional investors and hedge funds own 59.95% of the company’s stock.

Warner Bros. Discovery Trading Up 4.2 %

Shares of NASDAQ WBD opened at $11.46 on Friday. The business has a fifty day moving average price of $10.33 and a 200 day moving average price of $9.25. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.80 and a quick ratio of 0.80. Warner Bros. Discovery has a 1-year low of $6.64 and a 1-year high of $12.70. The stock has a market capitalization of $28.11 billion, a P/E ratio of -2.50, a price-to-earnings-growth ratio of 8.64 and a beta of 1.49.

Warner Bros. Discovery (NASDAQ:WBD) last released its quarterly earnings results on Thursday, February 27th. The company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.30). The business had revenue of $10.03 billion during the quarter, compared to analysts’ expectations of $10.16 billion. Warner Bros. Discovery had a negative net margin of 28.34% and a negative return on equity of 27.56%. Equities research analysts expect that Warner Bros. Discovery will post -4.33 EPS 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.