Warner Bros. Discovery (NASDAQ:WBD) Upgraded to "Buy" at Moffett Nathanson

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) was upgraded by Moffett Nathanson from a "neutral" rating to a "buy" rating in a research note issued on Tuesday, MarketBeat.com reports. The firm presently has a $13.00 price objective on the stock, up from their prior price objective of $9.00. Moffett Nathanson's price target points to a potential upside of 33.06% from the company's previous close.

WBD has been the subject of several other reports. Wolfe Research upgraded Warner Bros. Discovery from an "underperform" rating to a "peer perform" rating in a report on Monday, November 11th. Guggenheim upped their target price on Warner Bros. Discovery from $11.00 to $12.50 and gave the company a "buy" rating in a research note on Thursday, December 12th. Bank of America reissued a "buy" rating and issued a $14.00 price target on shares of Warner Bros. Discovery in a research note on Thursday, December 12th. Raymond James upped their price objective 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. Finally, Barclays increased their price objective on shares of Warner Bros. Discovery from $8.00 to $10.00 and gave the stock an "equal weight" rating in a report on Friday, November 8th. Ten investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, Warner Bros. Discovery has an average rating of "Moderate Buy" and a consensus target price of $11.76.

Warner Bros. Discovery Price Performance

Warner Bros. Discovery stock traded up $0.25 during mid-day trading on Tuesday, reaching $9.77. The company had a trading volume of 25,835,284 shares, compared to its average volume of 26,798,008. The stock's 50-day simple moving average is $10.37 and its 200-day simple moving average is $8.75. Warner Bros. Discovery has a 1 year low of $6.64 and a 1 year high of $12.70. 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 $23.97 billion, a P/E ratio of -2.13, a P/E/G ratio of 5.73 and a beta of 1.50.

Warner Bros. Discovery (NASDAQ:WBD - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of ($0.07) by $0.12. The business had revenue of $9.62 billion for the quarter, compared to analyst estimates 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 period in the previous year, the firm earned ($0.17) EPS. On average, equities analysts predict that Warner Bros. Discovery will post -4.32 EPS for the current year.

Insider Buying and Selling at Warner Bros. Discovery

In other news, insider Savalle Sims sold 169,436 shares of the firm's stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $12.36, for a total transaction of $2,094,228.96. Following the completion of the sale, the insider now directly owns 599,317 shares in the company, valued at $7,407,558.12. This trade represents a 22.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Geneos Wealth Management Inc. bought a new stake in shares of Warner Bros. Discovery in the 4th quarter worth about $120,000. Nepsis Inc. grew its stake in Warner Bros. Discovery by 6.3% in the fourth quarter. Nepsis Inc. now owns 1,808,758 shares of the company's stock worth $19,119,000 after purchasing an additional 106,408 shares in the last quarter. CX Institutional increased its holdings in Warner Bros. Discovery by 16.6% in the fourth quarter. CX Institutional now owns 25,859 shares of the company's stock valued at $273,000 after buying an additional 3,690 shares during the last quarter. Cornerstone Wealth Management LLC lifted its holdings in Warner Bros. Discovery by 7.4% during the 4th quarter. Cornerstone Wealth Management LLC now owns 15,995 shares of the company's stock worth $169,000 after buying an additional 1,101 shares during the last quarter. Finally, Brighton Jones LLC grew its position in shares of Warner Bros. Discovery by 304.9% in the 4th quarter. Brighton Jones LLC now owns 68,950 shares of the company's stock worth $729,000 after acquiring an additional 51,920 shares in the last quarter. 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.