Warner Bros. Discovery, Inc. (NASDAQ:WBD) Given Average Recommendation of "Moderate Buy" by Brokerages

Shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the twenty-one ratings firms that are covering the stock, Marketbeat.com reports. Ten equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $11.91.

WBD has been the subject of a number of research reports. Moffett Nathanson raised Warner Bros. Discovery from a "neutral" rating to a "buy" rating and boosted their price target for the company from $9.00 to $13.00 in a research report on Tuesday, January 21st. Citigroup boosted their target price on Warner Bros. Discovery from $13.00 to $15.00 and gave the stock a "buy" rating in a report on Wednesday, March 5th. KeyCorp increased their target price on shares of Warner Bros. Discovery from $11.00 to $14.00 and gave the stock an "overweight" rating in a research report on Tuesday, December 10th. JPMorgan Chase & Co. lifted their price target on shares of Warner Bros. Discovery from $9.00 to $10.00 and gave the company a "neutral" rating in a research report on Tuesday, January 14th. Finally, Bank of America reiterated a "buy" rating and set a $14.00 price objective on shares of Warner Bros. Discovery in a research note on Thursday, December 12th.

Warner Bros. Discovery Price Performance

NASDAQ:WBD traded down $0.64 during mid-day trading on Thursday, hitting $10.37. 52,595,970 shares of the company's stock traded hands, compared to its average volume of 31,457,814. 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 company has a market cap 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. The firm's 50 day simple moving average is $10.52 and its 200 day simple moving average is $9.70. Warner Bros. Discovery has a 1 year low of $6.64 and a 1 year high of $12.70.

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Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The company reported ($0.20) EPS 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 company had revenue of $10.03 billion for the quarter, compared to analyst estimates of $10.16 billion. Sell-side analysts expect that Warner Bros. Discovery will post -4.33 EPS for the current year.

Insiders Place Their Bets

In other Warner Bros. Discovery news, Director Piazza Samuel A. Jr. Di acquired 17,346 shares of the stock in a transaction dated Monday, March 3rd. The shares were bought at an average cost of $11.41 per share, for a total transaction of $197,917.86. Following the completion of the acquisition, the director now directly owns 159,932 shares of the company's stock, valued at approximately $1,824,824.12. This trade represents a 12.17 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.80% of the company's stock.

Institutional Investors Weigh In On Warner Bros. Discovery

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. 111 Capital acquired a new stake in shares of Warner Bros. Discovery in the fourth quarter valued at approximately $193,000. Wealth Enhancement Advisory Services LLC lifted its holdings in Warner Bros. Discovery by 10.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 200,627 shares of the company's stock valued at $2,121,000 after purchasing an additional 18,552 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Warner Bros. Discovery during the 4th quarter valued at $14,547,000. Polar Asset Management Partners Inc. bought a new position in Warner Bros. Discovery during the fourth quarter worth $3,022,000. Finally, Ameriflex Group Inc. acquired a new position in shares of Warner Bros. Discovery in the fourth quarter valued at $30,000. 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.