Brokerages Set Warner Bros. Discovery, Inc. (NASDAQ:WBD) Target Price at $11.91

Warner Bros. Discovery, Inc. (NASDAQ:WBD) has received an average rating of “Moderate Buy” from the twenty-one research firms that are presently covering the firm, MarketBeat Ratings reports. Ten investment analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $11.91.

Several brokerages have recently commented on WBD. Bank of America reiterated a “buy” rating and set a $14.00 price target on shares of Warner Bros. Discovery in a research report on Thursday, December 12th. KeyCorp boosted their price target on shares of Warner Bros. Discovery from $11.00 to $14.00 and gave the company an “overweight” rating in a report on Tuesday, December 10th. Moffett Nathanson upgraded shares of Warner Bros. Discovery from a “neutral” rating to a “buy” rating and upped their price target for the company from $9.00 to $13.00 in a report on Tuesday, January 21st. Guggenheim increased their target price on Warner Bros. Discovery from $11.00 to $12.50 and gave the stock a “buy” rating in a report on Thursday, December 12th. Finally, Rosenblatt Securities reissued a “neutral” rating and issued a $13.00 target price on shares of Warner Bros. Discovery in a research report on Friday, March 7th.

Warner Bros. Discovery Price Performance

Warner Bros. Discovery stock opened at $10.37 on Thursday. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.80 and a quick ratio of 0.80. The business has a 50 day simple moving average of $10.52 and a 200 day simple moving average of $9.70. Warner Bros. Discovery has a one year low of $6.64 and a one year high of $12.70. The company has a market capitalization of $25.46 billion, a PE ratio of -2.26, a price-to-earnings-growth ratio of 8.64 and a beta of 1.48.

Warner Bros. Discovery (NASDAQ:WBD) last released its quarterly earnings results on Thursday, February 27th. The company reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.30). Warner Bros. Discovery had a negative net margin of 28.34% and a negative return on equity of 27.56%. The business had revenue of $10.03 billion for the quarter, compared to analyst estimates of $10.16 billion. On average, sell-side analysts forecast that Warner Bros. Discovery will post -4.33 EPS for the current fiscal year.

Insider Activity

In other Warner Bros. Discovery news, Director Piazza Samuel A. Jr. Di purchased 17,346 shares of the stock in a transaction dated Monday, March 3rd. The stock was bought at an average price of $11.41 per share, with a total value of $197,917.86. Following the acquisition, the director now owns 159,932 shares of the company’s stock, valued at approximately $1,824,824.12. This represents a 12.17 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Warner Bros. Discovery

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Colonial Trust Advisors raised its stake in shares of Warner Bros. Discovery by 71.8% during the fourth quarter. Colonial Trust Advisors now owns 2,383 shares of the company’s stock valued at $25,000 after acquiring an additional 996 shares during the last quarter. Stonebridge Financial Group LLC acquired a new position in Warner Bros. Discovery during the 4th quarter worth approximately $26,000. SRS Capital Advisors Inc. grew its holdings in shares of Warner Bros. Discovery by 313.4% during the fourth quarter. SRS Capital Advisors Inc. now owns 2,559 shares of the company’s stock valued at $27,000 after buying an additional 1,940 shares during the last quarter. Graney & King LLC bought a new position in Warner Bros. Discovery in the 4th quarter valued at about $28,000. Finally, Ethos Financial Group LLC purchased a new stake in shares of Warner Bros. Discovery in the fourth quarter worth approximately $29,000. 59.95% of the stock is owned by institutional investors.

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.