Warner Bros. Discovery (NASDAQ:WBD) Shares Down 0.7%

Warner Bros. Discovery, Inc. (NASDAQ:WBDGet Free Report) fell 0.7% during mid-day trading on Monday . The stock traded as low as $7.14 and last traded at $7.16. 3,817,867 shares were traded during mid-day trading, a decline of 86% from the average session volume of 27,717,088 shares. The stock had previously closed at $7.21.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. KeyCorp raised shares of Warner Bros. Discovery from a “sector weight” rating to an “overweight” rating and set a $11.00 target price on the stock in a research note on Friday, May 10th. Sanford C. Bernstein lowered their price target on shares of Warner Bros. Discovery from $11.00 to $10.00 and set an “outperform” rating on the stock in a report on Friday, May 10th. Wolfe Research cut shares of Warner Bros. Discovery from a “peer perform” rating to an “underperform” rating and set a $7.00 price target for the company. in a report on Tuesday, April 23rd. Benchmark restated a “buy” rating and set a $20.00 price target on shares of Warner Bros. Discovery in a report on Monday, June 17th. Finally, Rosenblatt Securities upgraded shares of Warner Bros. Discovery from a “sell” rating to a “neutral” rating and upped their price target for the company from $7.00 to $10.00 in a report on Thursday, March 21st. One analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, Warner Bros. Discovery presently has a consensus rating of “Hold” and a consensus target price of $12.82.

Get Our Latest Stock Analysis on Warner Bros. Discovery

Warner Bros. Discovery Price Performance

The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.87. The stock has a market cap of $17.94 billion, a price-to-earnings ratio of -5.81 and a beta of 1.49. The company’s 50-day moving average is $7.72 and its 200-day moving average is $8.84.

Warner Bros. Discovery (NASDAQ:WBDGet Free Report) last posted its quarterly earnings results on Thursday, May 9th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.24) by ($0.16). Warner Bros. Discovery had a negative return on equity of 6.58% and a negative net margin of 7.45%. The business had revenue of $9.96 billion during the quarter, compared to analyst estimates of $10.22 billion. During the same period last year, the company earned $0.18 EPS. The business’s revenue for the quarter was down 6.9% on a year-over-year basis. Equities research analysts expect that Warner Bros. Discovery, Inc. will post -0.38 earnings per share for the current fiscal year.

Institutional Trading of Warner Bros. Discovery

Large investors have recently added to or reduced their stakes in the company. Fortis Group Advisors LLC bought a new stake in Warner Bros. Discovery during the third quarter worth about $25,000. Pacifica Partners Inc. grew its stake in shares of Warner Bros. Discovery by 118.2% during the fourth quarter. Pacifica Partners Inc. now owns 2,483 shares of the company’s stock valued at $27,000 after purchasing an additional 1,345 shares during the last quarter. Crewe Advisors LLC bought a new stake in shares of Warner Bros. Discovery during the first quarter valued at approximately $27,000. Headinvest LLC bought a new stake in shares of Warner Bros. Discovery during the third quarter valued at approximately $28,000. Finally, First Financial Corp IN grew its stake in shares of Warner Bros. Discovery by 577.4% during the first quarter. First Financial Corp IN now owns 3,387 shares of the company’s stock valued at $30,000 after purchasing an additional 2,887 shares during the last quarter. 59.95% of the stock is owned by institutional investors.

Warner Bros. Discovery Company Profile

(Get Free Report)

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.

Further Reading

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