Warner Bros. Discovery’s (WBD) Hold (C-) Rating Reiterated at Weiss Ratings

Weiss Ratings reaffirmed their hold (c-) rating on shares of Warner Bros. Discovery (NASDAQ:WBD) in a research report released on Friday morning,Weiss Ratings reports.

Several other research analysts have also issued reports on the stock. Singular Research raised shares of Warner Bros. Discovery to a “moderate buy” rating in a research report on Wednesday, October 22nd. Needham & Company LLC reissued a “hold” rating on shares of Warner Bros. Discovery in a report on Friday, September 12th. Benchmark raised their target price on Warner Bros. Discovery from $18.00 to $25.00 and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Barrington Research reiterated an “outperform” rating and issued a $16.00 price target on shares of Warner Bros. Discovery in a research report on Wednesday, July 30th. Finally, Seaport Global Securities lifted their price objective on Warner Bros. Discovery from $15.00 to $24.00 and gave the company a “buy” rating in a report on Friday, October 3rd. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and sixteen have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $17.68.

Warner Bros. Discovery Stock Performance

Shares of NASDAQ WBD opened at $21.15 on Friday. The firm has a market capitalization of $52.36 billion, a price-to-earnings ratio of 70.50, a PEG ratio of 2.57 and a beta of 1.73. Warner Bros. Discovery has a one year low of $7.49 and a one year high of $21.57. The business has a fifty day simple moving average of $16.40 and a 200 day simple moving average of $12.50. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.92.

Warner Bros. Discovery (NASDAQ:WBD) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.79. Warner Bros. Discovery had a net margin of 2.00% and a return on equity of 2.14%. The firm had revenue of $9.81 billion for the quarter, compared to analyst estimates of $9.73 billion. During the same quarter in the previous year, the firm posted ($4.07) EPS. The business’s revenue for the quarter was up 1.0% on a year-over-year basis. Sell-side analysts expect that Warner Bros. Discovery will post -4.33 EPS for the current year.

Insider Transactions at Warner Bros. Discovery

In other Warner Bros. Discovery news, Director Anton J. Levy bought 75,000 shares of the stock in a transaction dated Tuesday, August 12th. The stock was bought at an average cost of $11.00 per share, for a total transaction of $825,000.00. Following the completion of the purchase, the director owned 949,000 shares in the company, valued at $10,439,000. This represents a 8.58% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Bruce Campbell sold 150,000 shares of the company’s stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $18.00, for a total transaction of $2,700,000.00. Following the transaction, the insider owned 252,464 shares in the company, valued at approximately $4,544,352. This trade represents a 37.27% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 970,115 shares of company stock worth $17,818,490. Insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of WBD. WPG Advisers LLC bought a new position in Warner Bros. Discovery in the 1st quarter valued at $26,000. Financial Gravity Asset Management Inc. acquired a new position in shares of Warner Bros. Discovery during the first quarter valued at $27,000. North Capital Inc. bought a new position in Warner Bros. Discovery in the first quarter valued at about $28,000. Smallwood Wealth Investment Management LLC acquired a new stake in Warner Bros. Discovery in the first quarter worth about $29,000. Finally, Financial Gravity Companies Inc. acquired a new stake in Warner Bros. Discovery in the second quarter worth about $29,000. 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.