Warner Bros. Discovery (NASDAQ:WBD) Price Target Raised to $13.00 at Rosenblatt Securities

Warner Bros. Discovery (NASDAQ:WBD - Free Report) had its price objective increased by Rosenblatt Securities from $9.00 to $13.00 in a report released on Friday,Benzinga reports. They currently have a neutral rating on the stock.

Other research analysts have also recently issued reports about the company. Bank of America reissued a "buy" rating and issued a $14.00 price target on shares of Warner Bros. Discovery in a report on Thursday. Wolfe Research raised shares of Warner Bros. Discovery from an "underperform" rating to a "peer perform" rating in a report on Monday, November 11th. Raymond James raised their target price on shares of Warner Bros. Discovery from $11.00 to $12.00 and gave the company an "outperform" rating in a research note on Friday, November 8th. Benchmark reiterated a "buy" rating and issued a $18.00 price target on shares of Warner Bros. Discovery in a research note on Friday, September 13th. Finally, Macquarie raised their price objective on Warner Bros. Discovery from $8.00 to $9.00 and gave the company a "neutral" rating in a research report on Friday, November 8th. Twelve investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $11.33.

Warner Bros. Discovery Stock Down 3.4 %

Shares of NASDAQ:WBD traded down $0.42 during trading on Friday, reaching $12.07. 36,581,051 shares of the stock traded hands, compared to its average volume of 29,640,697. The stock has a market cap of $29.61 billion, a P/E ratio of -2.64 and a beta of 1.52. 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 stock has a 50-day moving average of $9.11 and a two-hundred day moving average of $8.24. Warner Bros. Discovery has a 52-week low of $6.64 and a 52-week high of $12.70.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last posted its earnings results on Thursday, November 7th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.12. The business had revenue of $9.62 billion for the quarter, compared to analysts' expectations of $9.79 billion. Warner Bros. Discovery had a negative net margin of 28.34% and a negative return on equity of 27.56%. The business's revenue for the quarter was down 3.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.17) EPS. As a group, sell-side analysts expect that Warner Bros. Discovery will post -4.37 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Warner Bros. Discovery

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Family Firm Inc. bought a new position in shares of Warner Bros. Discovery during the 2nd quarter worth $26,000. OFI Invest Asset Management grew its holdings in Warner Bros. Discovery by 45.9% during the 2nd quarter. OFI Invest Asset Management now owns 3,879 shares of the company's stock worth $27,000 after acquiring an additional 1,221 shares in the last quarter. Future Financial Wealth Managment LLC purchased a new position in Warner Bros. Discovery during the 3rd quarter valued at about $41,000. Larson Financial Group LLC increased its position in Warner Bros. Discovery by 54.1% during the 3rd 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. Finally, Quarry LP raised its holdings in shares of Warner Bros. Discovery by 2,185.1% in the 2nd quarter. Quarry LP now owns 6,307 shares of the company's stock valued at $47,000 after purchasing an additional 6,031 shares in the last quarter. Institutional investors 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.