Warner Bros. Discovery, Inc. (NASDAQ:WBD) Receives Average Rating of “Hold” from Brokerages

Shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) have been given an average recommendation of “Hold” by the twenty ratings firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and ten have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $12.82.

A number of brokerages recently issued reports on WBD. Needham & Company LLC reissued a “hold” rating on shares of Warner Bros. Discovery in a research report on Friday, May 10th. Barrington Research reissued an “outperform” rating and set a $15.00 target price on shares of Warner Bros. Discovery in a report on Tuesday, May 28th. Rosenblatt Securities raised Warner Bros. Discovery from a “sell” rating to a “neutral” rating and boosted their price target for the company from $7.00 to $10.00 in a research note on Thursday, March 21st. Wolfe Research downgraded shares of Warner Bros. Discovery from a “peer perform” rating to an “underperform” rating and set a $7.00 price objective on the stock. in a research note on Tuesday, April 23rd. Finally, KeyCorp upgraded shares of Warner Bros. Discovery from a “sector weight” rating to an “overweight” rating and set a $11.00 target price for the company in a research report on Friday, May 10th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in WBD. Public Employees Retirement Association of Colorado boosted its holdings in Warner Bros. Discovery by 5,128.3% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 350,559 shares of the company’s stock worth $3,989,000 after acquiring an additional 343,854 shares during the last quarter. Thompson Investment Management Inc. increased its position in shares of Warner Bros. Discovery by 23.5% during the first quarter. Thompson Investment Management Inc. now owns 1,118,931 shares of the company’s stock valued at $9,768,000 after acquiring an additional 213,149 shares during the last quarter. Global Assets Advisory LLC bought a new stake in Warner Bros. Discovery during the first quarter worth $182,000. SageView Advisory Group LLC purchased a new position in Warner Bros. Discovery in the fourth quarter worth $129,000. Finally, 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 purchasing an additional 36,405 shares during the period. 59.95% of the stock is currently owned by institutional investors and hedge funds.

Warner Bros. Discovery Stock Down 4.6 %

WBD stock opened at $7.10 on Tuesday. Warner Bros. Discovery has a fifty-two week low of $6.94 and a fifty-two week high of $14.76. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.82 and a quick ratio of 0.82. The stock has a market capitalization of $17.40 billion, a price-to-earnings ratio of -5.73 and a beta of 1.50. The business’s fifty day moving average price is $7.83 and its two-hundred day moving average price is $9.04.

Warner Bros. Discovery (NASDAQ:WBD) last posted its quarterly earnings data on Thursday, May 9th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.16). Warner Bros. Discovery had a negative net margin of 7.45% and a negative return on equity of 6.58%. The business had revenue of $9.96 billion during the quarter, compared to the consensus estimate of $10.22 billion. During the same period in the prior year, the firm earned $0.18 EPS. The business’s revenue for the quarter was down 6.9% on a year-over-year basis. On average, equities analysts anticipate that Warner Bros. Discovery will post -0.38 earnings per share for the current year.

Warner Bros. Discovery Company Profile

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.