Warner Bros. Discovery, Inc. (NASDAQ:WBD) Receives $11.91 Consensus Price Target from Analysts

Warner Bros. Discovery, Inc. (NASDAQ:WBD) has received a consensus rating of “Moderate Buy” from the twenty-one analysts that are currently covering the firm, MarketBeat reports. Ten investment analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $11.91.

A number of analysts have recently issued reports on the stock. KeyCorp lifted their price objective on shares of Warner Bros. Discovery from $11.00 to $14.00 and gave the company an “overweight” rating in a research note on Tuesday, December 10th. Rosenblatt Securities reaffirmed a “neutral” rating and set a $13.00 price target on shares of Warner Bros. Discovery in a research note on Friday, March 7th. Citigroup upped 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. JPMorgan Chase & Co. lifted their target price on Warner Bros. Discovery from $9.00 to $10.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 14th. Finally, Moffett Nathanson upgraded Warner Bros. Discovery from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $9.00 to $13.00 in a research note on Tuesday, January 21st.

Insider Buying and Selling

In related news, Director Piazza Samuel A. Jr. Di acquired 17,346 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was purchased at an average cost of $11.41 per share, for a total transaction 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 represents a 12.17 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 1.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Warner Bros. Discovery

Several hedge funds and other institutional investors have recently modified their holdings of the company. Golden State Equity Partners lifted its position in Warner Bros. Discovery by 6.5% in the 4th quarter. Golden State Equity Partners now owns 16,124 shares of the company’s stock valued at $170,000 after purchasing an additional 986 shares during the last quarter. Colonial Trust Advisors increased its stake in shares of Warner Bros. Discovery by 71.8% in the fourth quarter. Colonial Trust Advisors now owns 2,383 shares of the company’s stock valued at $25,000 after purchasing an additional 996 shares during the period. Deseret Mutual Benefit Administrators raised its holdings in shares of Warner Bros. Discovery by 12.0% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 9,925 shares of the company’s stock valued at $105,000 after buying an additional 1,066 shares during the last quarter. Cornerstone Wealth Management LLC boosted its position in shares of Warner Bros. Discovery by 7.4% during the fourth 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 period. Finally, Personal CFO Solutions LLC grew its holdings in Warner Bros. Discovery by 2.8% in the 4th quarter. Personal CFO Solutions LLC now owns 42,935 shares of the company’s stock worth $454,000 after buying an additional 1,174 shares in the last quarter. Institutional investors and hedge funds own 59.95% of the company’s stock.

Warner Bros. Discovery Stock Up 3.4 %

Shares of Warner Bros. Discovery stock opened at $10.56 on Thursday. Warner Bros. Discovery has a twelve month low of $6.64 and a twelve month high of $12.70. The stock has a market cap of $25.92 billion, a price-to-earnings ratio of -2.31, a price-to-earnings-growth ratio of 8.64 and a beta of 1.48. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.03. The company has a fifty day moving average price of $10.56 and a 200 day moving average price of $9.76.

Warner Bros. Discovery (NASDAQ:WBD) last issued its earnings results 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 analysts’ expectations of $10.16 billion. Warner Bros. Discovery had a negative return on equity of 27.56% and a negative net margin of 28.34%. Equities research analysts forecast that Warner Bros. Discovery will post -4.33 earnings per share for the current fiscal year.

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.