Warner Bros. Discovery, Inc. (NASDAQ:WBD) Receives $11.44 Consensus Price Target from Brokerages

Shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) have earned a consensus recommendation of “Hold” from the twenty-one research firms that are currently covering the stock, Marketbeat.com reports. Eleven research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $11.56.

Several research analysts have recently issued reports on the company. Bank of America reaffirmed a “buy” rating and set a $14.00 price target on shares of Warner Bros. Discovery in a research note on Thursday, December 12th. Barclays upped their price target on shares of Warner Bros. Discovery from $8.00 to $10.00 and gave the company an “equal weight” rating in a report on Friday, November 8th. KeyCorp raised their price objective on shares of Warner Bros. Discovery from $11.00 to $14.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 10th. JPMorgan Chase & Co. upped their target price on Warner Bros. Discovery from $9.00 to $10.00 and gave the company a “neutral” rating in a research note on Tuesday. Finally, The Goldman Sachs Group raised their price target on Warner Bros. Discovery from $9.50 to $10.75 and gave the stock a “neutral” rating in a research report on Thursday, December 19th.

Warner Bros. Discovery Trading Up 0.5 %

Shares of WBD opened at $9.52 on Friday. Warner Bros. Discovery has a twelve month low of $6.64 and a twelve month high of $12.70. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.03. The firm has a market capitalization of $23.35 billion, a P/E ratio of -2.08, a PEG ratio of 9.12 and a beta of 1.50. The firm’s 50-day moving average is $10.37 and its two-hundred day moving average is $8.72.

Warner Bros. Discovery (NASDAQ:WBD) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 27.56% and a negative net margin of 28.34%. Warner Bros. Discovery’s quarterly revenue was down 3.6% on a year-over-year basis. During the same period last year, the business posted ($0.17) EPS. On average, research analysts predict that Warner Bros. Discovery will post -4.36 earnings per share for the current fiscal year.

Insider Buying and Selling at Warner Bros. Discovery

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

Institutional Trading of Warner Bros. Discovery

Institutional investors have recently modified their holdings of the company. Principal Financial Group Inc. lifted its position in Warner Bros. Discovery by 3.1% during the third quarter. Principal Financial Group Inc. now owns 2,579,571 shares of the company’s stock valued at $21,281,000 after buying an additional 78,653 shares in the last quarter. Hauser Brothers GmbH raised its stake in shares of Warner Bros. Discovery by 56.1% in the 3rd quarter. Hauser Brothers GmbH now owns 1,225,000 shares of the company’s stock valued at $10,106,000 after acquiring an additional 440,000 shares during the period. Private Management Group Inc. lifted its holdings in shares of Warner Bros. Discovery by 37.7% during the 3rd quarter. Private Management Group Inc. now owns 6,886,143 shares of the company’s stock valued at $56,811,000 after acquiring an additional 1,886,868 shares in the last quarter. Erste Asset Management GmbH purchased a new stake in Warner Bros. Discovery during the 3rd quarter worth $1,474,000. Finally, Blueshift Asset Management LLC purchased a new position in Warner Bros. Discovery in the third quarter valued at about $588,000. Hedge funds and other institutional investors own 59.95% of the company’s stock.

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.