Analysts Set Warner Bros. Discovery, Inc. (NASDAQ:WBD) Target Price at $11.33

Shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) have been given an average rating of “Hold” by the twenty-two ratings firms that are covering the company, Marketbeat Ratings reports. Twelve research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $11.44.

Several analysts have issued reports on WBD shares. Wolfe Research upgraded shares of Warner Bros. Discovery from an “underperform” rating to a “peer perform” rating in a research note on Monday, November 11th. Raymond James lifted their price objective on Warner Bros. Discovery from $11.00 to $12.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Needham & Company LLC restated a “hold” rating on shares of Warner Bros. Discovery in a research note on Thursday, October 10th. KeyCorp lifted their price target on Warner Bros. Discovery from $11.00 to $14.00 and gave the company an “overweight” rating in a research report on Tuesday, December 10th. Finally, The Goldman Sachs Group upped their price objective on shares of Warner Bros. Discovery from $9.50 to $10.75 and gave the stock a “neutral” rating in a research report on Thursday.

Insider Transactions at Warner Bros. Discovery

In related news, insider Savalle Sims sold 169,436 shares of the firm’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 completion of the sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WBD. Family Firm Inc. bought a new position in shares of Warner Bros. Discovery in the 2nd quarter worth approximately $26,000. Larson Financial Group LLC raised its position in Warner Bros. Discovery by 54.1% in the third quarter. Larson Financial Group LLC now owns 4,998 shares of the company’s stock worth $41,000 after acquiring an additional 1,754 shares during the period. Future Financial Wealth Managment LLC purchased a new position in shares of Warner Bros. Discovery during the 3rd quarter worth $41,000. Brooklyn Investment Group bought a new stake in shares of Warner Bros. Discovery during the 3rd quarter valued at $51,000. Finally, Quarry LP increased its stake in shares of Warner Bros. Discovery by 2,185.1% in the 2nd quarter. Quarry LP now owns 6,307 shares of the company’s stock worth $47,000 after purchasing an additional 6,031 shares in the last quarter. Institutional investors own 59.95% of the company’s stock.

Warner Bros. Discovery Stock Performance

Shares of WBD stock opened at $10.49 on Tuesday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.80 and a current ratio of 0.80. The firm has a market cap of $25.73 billion, a price-to-earnings ratio of -2.29 and a beta of 1.52. Warner Bros. Discovery has a 52 week low of $6.64 and a 52 week high of $12.70. The firm’s 50-day simple moving average is $9.32 and its two-hundred day simple moving average is $8.31.

Warner Bros. Discovery (NASDAQ:WBD) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.12. Warner Bros. Discovery had a negative return on equity of 27.56% and a negative net margin of 28.34%. The company had revenue of $9.62 billion during the quarter, compared to analyst estimates of $9.79 billion. During the same quarter last year, the firm posted ($0.17) EPS. The firm’s revenue for the quarter was down 3.6% on a year-over-year basis. As a group, equities analysts forecast that Warner Bros. Discovery will post -4.37 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.