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

Shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD - Get Free Report) have received an average rating of "Hold" from the twenty-two research firms that are presently covering the company, Marketbeat Ratings reports. Twelve analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $11.33.

Several research analysts recently commented on WBD shares. KeyCorp lifted 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 note on Tuesday, December 10th. Wolfe Research upgraded Warner Bros. Discovery from an "underperform" rating to a "peer perform" rating in a report on Monday, November 11th. Rosenblatt Securities lifted their price objective on Warner Bros. Discovery from $9.00 to $13.00 and gave the stock a "neutral" rating in a research report on Friday. Barclays upped their target price on Warner Bros. Discovery from $8.00 to $10.00 and gave the company an "equal weight" rating in a report on Friday, November 8th. Finally, Benchmark reiterated a "buy" rating and issued a $18.00 price target on shares of Warner Bros. Discovery in a report on Friday, September 13th.

Insider Transactions at Warner Bros. Discovery

In other news, insider Savalle Sims sold 169,436 shares of the business's stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $12.36, for a total transaction of $2,094,228.96. Following the sale, the insider now owns 599,317 shares in the company, valued at approximately $7,407,558.12. The trade was 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 accessible through this hyperlink. Company insiders own 1.80% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of WBD. Family Firm Inc. purchased a new position in shares of Warner Bros. Discovery in the 2nd quarter valued at about $26,000. Larson Financial Group LLC grew its holdings 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 valued at $41,000 after purchasing an additional 1,754 shares during the period. Future Financial Wealth Managment LLC purchased a new stake in shares of Warner Bros. Discovery in the third quarter valued at approximately $41,000. Brooklyn Investment Group acquired a new position in shares of Warner Bros. Discovery during the 3rd quarter worth approximately $51,000. Finally, Quarry LP lifted its position in shares of Warner Bros. Discovery by 2,185.1% during the 2nd quarter. Quarry LP now owns 6,307 shares of the company's stock valued at $47,000 after buying an additional 6,031 shares in the last quarter. 59.95% of the stock is owned by institutional investors and hedge funds.

Warner Bros. Discovery Price Performance

NASDAQ WBD traded down $0.25 during trading on Tuesday, reaching $11.35. The company's stock had a trading volume of 33,240,382 shares, compared to its average volume of 29,658,643. The stock has a market capitalization of $27.84 billion, a PE ratio of -2.49 and a beta of 1.52. 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 firm has a fifty day moving average of $9.19 and a 200 day moving average of $8.27. Warner Bros. Discovery has a one year low of $6.64 and a one year high of $12.70.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last announced its earnings results on Thursday, November 7th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.12. 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 $9.62 billion during the quarter, compared to analyst estimates of $9.79 billion. During the same period in the previous year, the business earned ($0.17) earnings per share. The firm's quarterly revenue was down 3.6% compared to the same quarter last year. Analysts expect that Warner Bros. Discovery will post -4.37 EPS for the current fiscal 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.