Barrington Research Reiterates Outperform Rating for Warner Bros. Discovery (NASDAQ:WBD)

Barrington Research reaffirmed their outperform rating on shares of Warner Bros. Discovery (NASDAQ:WBD - Free Report) in a report published on Friday,Benzinga reports. They currently have a $16.00 target price on the stock.

WBD has been the subject of a number of other reports. Benchmark restated a "buy" rating and set a $18.00 target price on shares of Warner Bros. Discovery in a report on Friday, September 13th. Barclays lifted 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. Guggenheim increased their price target on shares of Warner Bros. Discovery from $11.00 to $12.50 and gave the company a "buy" rating in a research note on Thursday. KeyCorp raised their price objective on Warner Bros. Discovery from $11.00 to $14.00 and gave the stock an "overweight" rating in a report on Tuesday. Finally, Wolfe Research raised shares of Warner Bros. Discovery from an "underperform" rating to a "peer perform" rating in a research report on Monday, November 11th. Twelve analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat, Warner Bros. Discovery currently has an average rating of "Hold" and an average price target of $11.33.

Warner Bros. Discovery Trading Down 3.4 %

NASDAQ WBD traded down $0.42 on Friday, reaching $12.07. 36,581,051 shares of the company were exchanged, compared to its average volume of 29,640,697. Warner Bros. Discovery has a fifty-two week low of $6.64 and a fifty-two week high of $12.70. 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 fifty day moving average price is $9.11 and its 200 day moving average price is $8.24. The stock has a market capitalization of $29.61 billion, a P/E ratio of -2.64 and a beta of 1.52.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $9.62 billion during the quarter, compared to analysts' expectations of $9.79 billion. During the same period last year, the business earned ($0.17) earnings per share. Warner Bros. Discovery's revenue was down 3.6% compared to the same quarter last year. Analysts forecast that Warner Bros. Discovery will post -4.37 earnings per share for the current year.

Institutional Investors Weigh In On Warner Bros. Discovery

Several large investors have recently made changes to their positions in WBD. OFI Invest Asset Management grew its stake in Warner Bros. Discovery by 45.9% in the second quarter. OFI Invest Asset Management now owns 3,879 shares of the company's stock worth $27,000 after purchasing an additional 1,221 shares in the last quarter. Commerce Bank boosted its position in Warner Bros. Discovery by 2.4% during the 3rd quarter. Commerce Bank now owns 55,963 shares of the company's stock worth $462,000 after acquiring an additional 1,286 shares during the period. GAM Holding AG increased its stake in Warner Bros. Discovery by 0.3% during the 3rd quarter. GAM Holding AG now owns 457,685 shares of the company's stock valued at $3,776,000 after buying an additional 1,437 shares during the period. Waldron Private Wealth LLC boosted its stake in Warner Bros. Discovery by 5.4% during the 3rd quarter. Waldron Private Wealth LLC now owns 28,348 shares of the company's stock valued at $234,000 after purchasing an additional 1,461 shares in the last quarter. Finally, PFG Investments LLC increased its position in shares of Warner Bros. Discovery by 1.4% during the 3rd quarter. PFG Investments LLC now owns 112,307 shares of the company's stock valued at $927,000 after purchasing an additional 1,517 shares during the period. Institutional investors and hedge funds own 59.95% of the company's stock.

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.