Warner Bros. Discovery (NASDAQ:WBD) Price Target Lowered to $13.00 at KeyCorp

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) had its price objective dropped by equities research analysts at KeyCorp from $14.00 to $13.00 in a research report issued on Monday, MarketBeat.com reports. The firm presently has an "overweight" rating on the stock. KeyCorp's target price suggests a potential upside of 60.30% from the company's previous close.

Other equities research analysts also recently issued reports about the stock. Moffett Nathanson raised shares of Warner Bros. Discovery from a "neutral" rating to a "buy" rating and increased their price target for the stock from $9.00 to $13.00 in a report on Tuesday, January 21st. Benchmark reiterated a "buy" rating and issued a $18.00 target price on shares of Warner Bros. Discovery in a research note on Wednesday, February 26th. Barrington Research reaffirmed an "outperform" rating and issued a $16.00 price target on shares of Warner Bros. Discovery in a report on Wednesday, March 5th. Rosenblatt Securities reissued a "neutral" rating and set a $13.00 price objective on shares of Warner Bros. Discovery in a research note on Friday, March 7th. Finally, The Goldman Sachs Group upped their target price on Warner Bros. Discovery from $9.50 to $10.75 and gave the stock a "neutral" rating in a research note on Thursday, December 19th. Ten investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, Warner Bros. Discovery presently has a consensus rating of "Moderate Buy" and a consensus target price of $11.76.

Warner Bros. Discovery Stock Performance

Shares of NASDAQ WBD traded up $0.19 during trading on Monday, reaching $8.11. 31,292,791 shares of the stock traded hands, compared to its average volume of 32,671,448. 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 stock has a market capitalization of $19.91 billion, a P/E ratio of -1.77, 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. The company has a 50-day moving average of $10.04 and a 200-day moving average of $9.74.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last issued its earnings results on Thursday, February 27th. The company reported ($0.20) earnings per share for the quarter, missing analysts' consensus estimates of $0.10 by ($0.30). Warner Bros. Discovery had a negative return on equity of 27.56% and a negative net margin of 28.34%. The business had revenue of $10.03 billion for the quarter, compared to the consensus estimate of $10.16 billion. Analysts forecast that Warner Bros. Discovery will post -4.33 EPS for the current fiscal year.

Insider Buying and Selling

In other Warner Bros. Discovery news, Director Piazza Samuel A. Jr. Di bought 17,346 shares of Warner Bros. Discovery stock in a transaction dated Monday, March 3rd. The shares were purchased at an average cost of $11.41 per share, with a total value of $197,917.86. Following the transaction, the director now directly owns 159,932 shares of the company's stock, valued at $1,824,824.12. This represents a 12.17 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Warner Bros. Discovery

A number of hedge funds and other institutional investors have recently bought and sold shares of WBD. Colonial Trust Advisors increased its position in Warner Bros. Discovery by 71.8% during the 4th quarter. Colonial Trust Advisors now owns 2,383 shares of the company's stock valued at $25,000 after buying an additional 996 shares in the last quarter. Stonebridge Financial Group LLC purchased a new position in shares of Warner Bros. Discovery in the 4th quarter worth about $26,000. SRS Capital Advisors Inc. boosted its stake in Warner Bros. Discovery by 313.4% in the 4th quarter. SRS Capital Advisors Inc. now owns 2,559 shares of the company's stock worth $27,000 after purchasing an additional 1,940 shares in the last quarter. Graney & King LLC purchased a new stake in Warner Bros. Discovery during the 4th quarter valued at about $28,000. Finally, Ethos Financial Group LLC bought a new stake in Warner Bros. Discovery during the 4th quarter valued at about $29,000. Hedge funds and other institutional investors own 59.95% of the company's stock.

About Warner Bros. Discovery

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.