Warner Bros. Discovery (NASDAQ:WBD) PT Lowered to $15.00

Warner Bros. Discovery (NASDAQ:WBD) had its price target reduced by Deutsche Bank Aktiengesellschaft from $16.00 to $15.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target would indicate a potential upside of 112.77% from the stock’s previous close.

Several other research firms also recently issued reports on WBD. Sanford C. Bernstein decreased their price objective on shares of Warner Bros. Discovery from $11.00 to $10.00 and set an “outperform” rating for the company in a research note on Friday, May 10th. Morgan Stanley decreased their price objective on shares of Warner Bros. Discovery from $10.00 to $9.00 and set an “equal weight” rating for the company in a research note on Monday, July 29th. Benchmark decreased their price objective on shares of Warner Bros. Discovery from $20.00 to $18.00 and set a “buy” rating for the company in a research note on Thursday. Barrington Research reiterated an “outperform” rating and set a $12.00 price objective on shares of Warner Bros. Discovery in a research note on Tuesday, July 23rd. Finally, Macquarie downgraded shares of Warner Bros. Discovery from an “outperform” rating to a “neutral” rating and set a $9.00 price objective for the company. in a research note on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $11.53.

Warner Bros. Discovery Trading Down 8.6 %

Warner Bros. Discovery stock traded down $0.66 during trading on Thursday, reaching $7.05. The company had a trading volume of 42,706,828 shares, compared to its average volume of 28,519,273. Warner Bros. Discovery has a 12-month low of $6.75 and a 12-month high of $14.76. The stock’s 50 day moving average price is $7.79 and its two-hundred day moving average price is $8.43. The firm has a market capitalization of $17.27 billion, a price-to-earnings ratio of -5.66 and a beta of 1.49. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.82 and a current ratio of 0.82.

Warner Bros. Discovery (NASDAQ:WBD) last released its earnings results on Wednesday, August 7th. The company reported ($4.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.18) by ($3.89). Warner Bros. Discovery had a negative net margin of 7.45% and a negative return on equity of 6.58%. The company had revenue of $9.71 billion during the quarter, compared to analysts’ expectations of $10.07 billion. During the same quarter in the previous year, the firm posted ($0.51) earnings per share. Warner Bros. Discovery’s revenue for the quarter was down 6.2% compared to the same quarter last year. As a group, equities analysts expect that Warner Bros. Discovery will post -0.44 earnings per share for the current fiscal year.

Institutional Trading of Warner Bros. Discovery

Several institutional investors have recently added to or reduced their stakes in the stock. American Century Companies Inc. raised its holdings in Warner Bros. Discovery by 4.3% in the second quarter. American Century Companies Inc. now owns 454,013 shares of the company’s stock valued at $3,378,000 after acquiring an additional 18,888 shares in the last quarter. Fore Capital LLC increased its stake in Warner Bros. Discovery by 30.6% during the second quarter. Fore Capital LLC now owns 64,000 shares of the company’s stock valued at $476,000 after purchasing an additional 15,000 shares during the last quarter. Daiwa Securities Group Inc. increased its stake in Warner Bros. Discovery by 3.2% during the second quarter. Daiwa Securities Group Inc. now owns 524,824 shares of the company’s stock valued at $3,905,000 after purchasing an additional 16,429 shares during the last quarter. Royal London Asset Management Ltd. increased its stake in Warner Bros. Discovery by 4.0% during the second quarter. Royal London Asset Management Ltd. now owns 908,802 shares of the company’s stock valued at $6,761,000 after purchasing an additional 34,696 shares during the last quarter. Finally, Choreo LLC increased its stake in Warner Bros. Discovery by 63.2% during the second quarter. Choreo LLC now owns 35,049 shares of the company’s stock valued at $249,000 after purchasing an additional 13,577 shares during the last quarter. 59.95% of the stock is owned by institutional investors and hedge funds.

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.