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

Warner Bros. Discovery, Inc. (NASDAQ:WBD) has been given an average rating of “Moderate Buy” by the eighteen ratings firms that are presently covering the stock, Marketbeat.com reports. Eight research analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $14.24.

WBD has been the topic of a number of recent analyst 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 report on Monday, January 22nd. Rosenblatt Securities upgraded Warner Bros. Discovery from a “sell” rating to a “neutral” rating and raised their price target for the stock from $7.00 to $10.00 in a research note on Thursday, March 21st. Morgan Stanley dropped their price target on Warner Bros. Discovery from $14.00 to $10.00 and set an “equal weight” rating on the stock in a research note on Monday, February 26th. Barrington Research dropped their price target on Warner Bros. Discovery from $18.00 to $16.00 and set an “outperform” rating on the stock in a research note on Monday, February 26th. Finally, Citigroup dropped their price target 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.

Warner Bros. Discovery Trading Up 0.2 %

WBD opened at $8.36 on Thursday. Warner Bros. Discovery has a one year low of $8.02 and a one year high of $14.76. The company has a market cap of $20.40 billion, a P/E ratio of -6.53 and a beta of 1.51. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.93 and a current ratio of 0.93. The business’s 50-day simple moving average is $8.89 and its 200-day simple moving average is $10.10.

Warner Bros. Discovery (NASDAQ:WBD) last released 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 net margin of 7.57% and a negative return on equity of 3.48%. The business had revenue of $10.28 billion during the quarter, compared to analysts’ expectations of $10.34 billion. During the same quarter in the previous year, the company posted $0.42 EPS. The company’s revenue was down 6.6% compared to the same quarter last year. As a group, equities research analysts expect that Warner Bros. Discovery will post -0.35 EPS for the current fiscal year.

Institutional Trading of Warner Bros. Discovery

Hedge funds have recently modified their holdings of the business. Oppenheimer & Co. Inc. lifted its holdings 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 buying an additional 53,909 shares during the period. Daiwa Securities Group Inc. raised its holdings 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 last quarter. New South Capital Management Inc. raised its holdings in Warner Bros. Discovery by 21.1% during the third quarter. New South Capital Management Inc. now owns 4,082,322 shares of the company’s stock worth $44,334,000 after purchasing an additional 711,820 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in Warner Bros. Discovery by 4.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 805,597 shares of the company’s stock worth $9,168,000 after purchasing an additional 36,405 shares during the last quarter. Finally, Anchor Investment Management LLC acquired a new position in Warner Bros. Discovery during the fourth quarter worth $105,000. 59.95% of the stock is owned by institutional investors and hedge funds.

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.