Raymond James Issues Pessimistic Forecast for Warner Bros. Discovery (NASDAQ:WBD) Stock Price

Warner Bros. Discovery (NASDAQ:WBD - Free Report) had its target price trimmed by Raymond James from $14.00 to $13.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an outperform rating on the stock.

Other equities research analysts have also recently issued research reports about the company. Guggenheim boosted their target price on Warner Bros. Discovery from $11.00 to $12.50 and gave the stock a "buy" rating in a report on Thursday, December 12th. Moffett Nathanson upgraded Warner Bros. Discovery from a "neutral" rating to a "buy" rating and upped their price objective for the company from $9.00 to $13.00 in a report on Tuesday, January 21st. Barrington Research reaffirmed an "outperform" rating and set a $16.00 target price on shares of Warner Bros. Discovery in a report on Wednesday, March 5th. Citigroup raised their price objective on shares of Warner Bros. Discovery from $13.00 to $15.00 and gave the company a "buy" rating in a research report on Wednesday, March 5th. Finally, Benchmark reiterated a "buy" rating and set a $18.00 price objective on shares of Warner Bros. Discovery in a research report on Wednesday, February 26th. Ten equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $11.96.

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Warner Bros. Discovery Stock Performance

WBD stock traded up $0.58 on Friday, reaching $8.65. The company's stock had a trading volume of 6,476,972 shares, compared to its average volume of 31,860,900. The firm has a fifty day moving average of $10.50 and a two-hundred day moving average of $9.77. 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 company has a market capitalization of $21.22 billion, a P/E ratio of -1.84, a price-to-earnings-growth ratio of 8.64 and a beta of 1.43. 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 quarterly earnings data on Thursday, February 27th. The company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.30). The company had revenue of $10.03 billion during the quarter, compared to analyst estimates of $10.16 billion. Warner Bros. Discovery had a negative return on equity of 27.56% and a negative net margin of 28.34%. As a group, analysts predict that Warner Bros. Discovery will post -4.33 EPS for the current fiscal year.

Insider Buying and Selling at Warner Bros. Discovery

In related news, Director Piazza Samuel A. Jr. Di purchased 17,346 shares of the business's stock in a transaction dated Monday, March 3rd. The shares were bought at an average price of $11.41 per share, with a total value of $197,917.86. Following the purchase, the director now directly owns 159,932 shares in the company, valued at $1,824,824.12. This trade represents a 12.17 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 1.80% of the company's stock.

Institutional Investors Weigh In On Warner Bros. Discovery

Large investors have recently bought and sold shares of the company. Colonial Trust Advisors lifted its holdings in Warner Bros. Discovery by 71.8% during the fourth quarter. Colonial Trust Advisors now owns 2,383 shares of the company's stock worth $25,000 after acquiring an additional 996 shares in the last quarter. Stonebridge Financial Group LLC bought a new position in Warner Bros. Discovery in the fourth quarter valued at approximately $26,000. SRS Capital Advisors Inc. raised its holdings in shares of Warner Bros. Discovery by 313.4% during the fourth quarter. SRS Capital Advisors Inc. now owns 2,559 shares of the company's stock worth $27,000 after acquiring an additional 1,940 shares during the period. Graney & King LLC acquired a new position in Warner Bros. Discovery in the 4th quarter worth $28,000. Finally, Ethos Financial Group LLC acquired a new stake in shares of Warner Bros. Discovery in the 4th quarter valued at about $29,000. 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.