Brokerages Set Warner Bros. Discovery, Inc. (NASDAQ:WBD) Price Target at $11.76

Warner Bros. Discovery, Inc. (NASDAQ:WBD - Get Free Report) has been given an average recommendation of "Moderate Buy" by the twenty-one analysts that are presently covering the company, MarketBeat.com reports. Ten investment analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $11.76.

A number of equities research analysts have recently commented on the stock. Wolfe Research raised shares of Warner Bros. Discovery from an "underperform" rating to a "peer perform" rating in a report on Monday, November 11th. Bank of America reissued a "buy" rating and set a $14.00 price target on shares of Warner Bros. Discovery in a report on Thursday, December 12th. Guggenheim upped their target price on shares of Warner Bros. Discovery from $11.00 to $12.50 and gave the stock a "buy" rating in a research report on Thursday, December 12th. Raymond James upped their target price on shares of Warner Bros. Discovery from $11.00 to $12.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th. Finally, Barrington Research restated an "outperform" rating and set a $16.00 target price on shares of Warner Bros. Discovery in a research report on Friday, December 13th.

Warner Bros. Discovery Stock Down 0.4 %

Shares of WBD stock traded down $0.04 on Wednesday, reaching $10.16. 22,033,577 shares of the stock were exchanged, compared to its average volume of 24,469,668. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.03. The business's 50 day moving average price is $10.45 and its 200 day moving average price is $8.98. The company has a market capitalization of $24.92 billion, a price-to-earnings ratio of -2.22, a PEG ratio of 7.98 and a beta of 1.49. Warner Bros. Discovery has a twelve month low of $6.64 and a twelve month high of $12.70.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.05 earnings per share for the quarter, beating analysts' consensus estimates 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 firm had revenue of $9.62 billion during the quarter, compared to analysts' expectations of $9.79 billion. During the same period in the previous year, the company earned ($0.17) earnings per share. Warner Bros. Discovery's quarterly revenue was down 3.6% compared to the same quarter last year. As a group, sell-side analysts expect that Warner Bros. Discovery will post -4.33 earnings per share for the current fiscal year.

Insider Activity at Warner Bros. Discovery

In other Warner Bros. Discovery news, insider Savalle Sims sold 169,436 shares of the firm's stock in a transaction 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 transaction, the insider now directly owns 599,317 shares of the company's stock, valued at $7,407,558.12. This trade represents a 22.04 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.80% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Golden State Equity Partners boosted its holdings in shares of Warner Bros. Discovery by 6.5% in the 4th quarter. Golden State Equity Partners now owns 16,124 shares of the company's stock valued at $170,000 after buying an additional 986 shares during the period. Deseret Mutual Benefit Administrators boosted its holdings in shares of Warner Bros. Discovery by 12.0% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 9,925 shares of the company's stock valued at $105,000 after buying an additional 1,066 shares during the period. Cornerstone Wealth Management LLC boosted its holdings in shares of Warner Bros. Discovery by 7.4% in the 4th quarter. Cornerstone Wealth Management LLC now owns 15,995 shares of the company's stock valued at $169,000 after buying an additional 1,101 shares during the period. Personal CFO Solutions LLC lifted its position in Warner Bros. Discovery by 2.8% in the 4th quarter. Personal CFO Solutions LLC now owns 42,935 shares of the company's stock valued at $454,000 after purchasing an additional 1,174 shares during the last quarter. Finally, Avestar Capital LLC lifted its position in Warner Bros. Discovery by 9.4% in the 4th quarter. Avestar Capital LLC now owns 14,337 shares of the company's stock valued at $152,000 after purchasing an additional 1,228 shares during the last quarter. 59.95% of the stock is owned by institutional investors and hedge funds.

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.