Warner Bros. Discovery (NASDAQ:WBD) Trading Down 0.3%

Warner Bros. Discovery, Inc. (NASDAQ:WBD)’s stock price was down 0.3% on Tuesday . The company traded as low as $6.98 and last traded at $7.09. Approximately 5,509,594 shares were traded during mid-day trading, a decline of 80% from the average daily volume of 27,659,256 shares. The stock had previously closed at $7.11.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on WBD shares. KeyCorp raised Warner Bros. Discovery from a “sector weight” rating to an “overweight” rating and set a $11.00 target price for the company in a research report on Friday, May 10th. The Goldman Sachs Group started coverage on Warner Bros. Discovery in a research report on Tuesday, June 25th. They issued a “neutral” rating and a $8.50 target price for the company. Wolfe Research lowered Warner Bros. Discovery from a “peer perform” rating to an “underperform” rating and set a $7.00 target price for the company. in a research report on Tuesday, April 23rd. Rosenblatt Securities raised Warner Bros. Discovery from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $7.00 to $10.00 in a research report on Thursday, March 21st. Finally, Benchmark reissued a “buy” rating and issued a $20.00 target price on shares of Warner Bros. Discovery in a research report on Monday, June 17th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $12.82.

Warner Bros. Discovery Trading Up 0.8 %

The stock has a 50 day moving average of $7.70 and a 200-day moving average of $8.82. The company has a market capitalization of $18.08 billion, a P/E ratio of -5.95 and a beta of 1.49. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.87.

Warner Bros. Discovery (NASDAQ:WBD) last posted its quarterly earnings results on Thursday, May 9th. The company reported ($0.40) earnings per share 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 the consensus estimate of $10.22 billion. During the same quarter in the previous year, the company earned $0.18 earnings per share. The company’s revenue for the quarter was down 6.9% compared to the same quarter last year. On average, research analysts predict that Warner Bros. Discovery, Inc. will post -0.38 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bridgeworth LLC boosted its position in shares of Warner Bros. Discovery by 7.4% during the 4th quarter. Bridgeworth LLC now owns 13,845 shares of the company’s stock valued at $158,000 after acquiring an additional 952 shares during the last quarter. Czech National Bank boosted its position in shares of Warner Bros. Discovery by 0.3% during the 4th quarter. Czech National Bank now owns 388,660 shares of the company’s stock valued at $4,423,000 after acquiring an additional 996 shares during the last quarter. Harbour Capital Advisors LLC boosted its position in shares of Warner Bros. Discovery by 1.8% during the 4th quarter. Harbour Capital Advisors LLC now owns 56,833 shares of the company’s stock valued at $642,000 after acquiring an additional 1,025 shares during the last quarter. Blue Trust Inc. boosted its position in shares of Warner Bros. Discovery by 20.8% during the 4th quarter. Blue Trust Inc. now owns 6,254 shares of the company’s stock valued at $68,000 after acquiring an additional 1,076 shares during the last quarter. Finally, FinTrust Capital Advisors LLC boosted its position in shares of Warner Bros. Discovery by 56.3% during the 4th quarter. FinTrust Capital Advisors LLC now owns 3,066 shares of the company’s stock valued at $35,000 after acquiring an additional 1,105 shares during the last quarter. 59.95% of the stock is currently owned by institutional investors.

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.