Warner Bros. Discovery (NASDAQ:WBD) Stock Price Expected to Rise, Macquarie Analyst Says

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) had its price objective lifted by analysts at Macquarie from $8.00 to $9.00 in a report released on Friday,Benzinga reports. The firm currently has a "neutral" rating on the stock. Macquarie's target price points to a potential downside of 1.96% from the stock's current price.

WBD has been the subject of several other reports. TD Cowen dropped their target price on shares of Warner Bros. Discovery from $15.00 to $14.00 and set a "buy" rating for the company in a report on Thursday, August 8th. JPMorgan Chase & Co. dropped their target price on shares of Warner Bros. Discovery from $10.00 to $8.00 and set a "neutral" rating for the company in a report on Friday, August 9th. Sanford C. Bernstein downgraded shares of Warner Bros. Discovery from an "outperform" rating to a "market perform" rating and dropped their target price for the company from $10.00 to $8.00 in a report on Tuesday, August 13th. Barrington Research reiterated an "outperform" rating and set a $12.00 price target on shares of Warner Bros. Discovery in a report on Thursday. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of Warner Bros. Discovery from $16.00 to $15.00 and set a "buy" rating for the company in a report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $10.55.

Warner Bros. Discovery Price Performance

Shares of NASDAQ WBD traded down $0.19 during midday trading on Friday, hitting $9.18. The company had a trading volume of 52,502,078 shares, compared to its average volume of 29,176,777. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 1.06. Warner Bros. Discovery has a twelve month low of $6.64 and a twelve month high of $12.70. The business has a 50-day simple moving average of $7.87 and a two-hundred day simple moving average of $7.83. The firm has a market capitalization of $22.51 billion, a price-to-earnings ratio of -1.91 and a beta of 1.48.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of ($0.07) by $0.12. Warner Bros. Discovery had a negative net margin of 29.47% and a negative return on equity of 27.28%. The firm had revenue of $9.62 billion during the quarter, compared to analysts' expectations of $9.79 billion. During the same quarter last year, the business earned ($0.17) earnings per share. The business's revenue for the quarter was down 3.6% compared to the same quarter last year. Equities research analysts anticipate that Warner Bros. Discovery will post -4.51 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of WBD. Crewe Advisors LLC acquired a new position in shares of Warner Bros. Discovery during the first quarter worth $27,000. Family Firm Inc. purchased a new position in shares of Warner Bros. Discovery in the second quarter valued at $26,000. OFI Invest Asset Management boosted its stake in shares of Warner Bros. Discovery by 45.9% in the second quarter. OFI Invest Asset Management now owns 3,879 shares of the company's stock valued at $27,000 after purchasing an additional 1,221 shares during the period. Transcendent Capital Group LLC boosted its stake in shares of Warner Bros. Discovery by 665.4% in the first quarter. Transcendent Capital Group LLC now owns 4,003 shares of the company's stock valued at $35,000 after purchasing an additional 3,480 shares during the period. Finally, LRI Investments LLC purchased a new position in shares of Warner Bros. Discovery in the first quarter valued at $39,000. 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.

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