Brokerages Set Warner Bros. Discovery, Inc. (NASDAQ:WBD) Target Price at $21.92

Shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) have earned a consensus recommendation of “Moderate Buy” from the twenty-eight ratings firms that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, thirteen have given a buy rating and three have issued a strong buy rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $21.9205.

WBD has been the subject of several analyst reports. The Goldman Sachs Group boosted their target price on shares of Warner Bros. Discovery from $13.00 to $14.75 and gave the company a “buy” rating in a research report on Friday, November 7th. Morgan Stanley lifted their price target on Warner Bros. Discovery from $13.00 to $15.00 and gave the company an “equal weight” rating in a research note on Thursday, September 25th. Rothschild & Co Redburn raised Warner Bros. Discovery from a “neutral” rating to a “buy” rating and set a $28.00 target price for the company in a research note on Thursday, October 30th. Needham & Company LLC reiterated a “hold” rating on shares of Warner Bros. Discovery in a research report on Friday, September 12th. Finally, Redburn Partners set a $28.00 price objective on Warner Bros. Discovery in a research report on Thursday, October 30th.

Warner Bros. Discovery Stock Down 0.1%

NASDAQ WBD opened at $24.54 on Tuesday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.90. The company has a market cap of $60.81 billion, a price-to-earnings ratio of 129.16, a PEG ratio of 1.00 and a beta of 1.60. The company has a 50 day moving average of $21.25 and a 200-day moving average of $15.36. Warner Bros. Discovery has a 1-year low of $7.52 and a 1-year high of $24.75.

Warner Bros. Discovery (NASDAQ:WBD) last posted its quarterly earnings data on Thursday, November 6th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.02). The company had revenue of $9.05 billion for the quarter, compared to the consensus estimate of $9.17 billion. Warner Bros. Discovery had a return on equity of 1.34% and a net margin of 1.28%.Warner Bros. Discovery’s revenue was down 6.0% on a year-over-year basis. During the same quarter last year, the business earned $0.05 EPS. On average, equities research analysts expect that Warner Bros. Discovery will post -4.33 earnings per share for the current fiscal year.

Insider Buying and Selling at Warner Bros. Discovery

In other news, CFO Gunnar Wiedenfels sold 530,793 shares of the business’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $19.50, for a total value of $10,350,463.50. Following the transaction, the chief financial officer owned 1,141,150 shares in the company, valued at approximately $22,252,425. The trade was a 31.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Bruce Campbell sold 289,322 shares of the business’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $16.48, for a total transaction of $4,768,026.56. Following the completion of the transaction, the insider owned 402,464 shares in the company, valued at approximately $6,632,606.72. The trade was a 41.82% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 1,202,325 shares of company stock worth $23,053,615. 1.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Warner Bros. Discovery

Institutional investors and hedge funds have recently made changes to their positions in the business. WPG Advisers LLC bought a new stake in Warner Bros. Discovery in the first quarter valued at $26,000. Concord Wealth Partners raised its position in shares of Warner Bros. Discovery by 49.9% during the third quarter. Concord Wealth Partners now owns 1,321 shares of the company’s stock worth $26,000 after purchasing an additional 440 shares during the period. Physician Wealth Advisors Inc. lifted its holdings in shares of Warner Bros. Discovery by 152.1% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 1,404 shares of the company’s stock worth $27,000 after purchasing an additional 847 shares in the last quarter. Financial Gravity Companies Inc. bought a new stake in Warner Bros. Discovery during the 2nd quarter valued at $29,000. Finally, Grove Bank & Trust lifted its position in Warner Bros. Discovery by 66.5% in the 3rd quarter. Grove Bank & Trust now owns 1,690 shares of the company’s stock valued at $33,000 after acquiring an additional 675 shares in the last quarter. 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.