Warner Bros. Discovery (NASDAQ:WBD) Given Market Perform Rating at Barrington Research

Warner Bros. Discovery (NASDAQ:WBD)‘s stock had its “market perform” rating reissued by stock analysts at Barrington Research in a research note issued on Friday,Benzinga reports.

WBD has been the subject of a number of other reports. Redburn Partners set a $28.00 price target on shares of Warner Bros. Discovery in a report on Thursday, October 30th. Morgan Stanley upped their price objective on shares of Warner Bros. Discovery from $13.00 to $15.00 and gave the stock an “equal weight” rating in a research report on Thursday, September 25th. Seaport Global Securities raised their target price on shares of Warner Bros. Discovery from $15.00 to $24.00 and gave the stock a “buy” rating in a report on Friday, October 3rd. Singular Research upgraded shares of Warner Bros. Discovery to a “moderate buy” rating in a report on Wednesday, October 22nd. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Warner Bros. Discovery in a research note on Monday. Three research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $21.92.

Warner Bros. Discovery Stock Performance

Shares of WBD stock traded up $1.46 on Friday, reaching $26.00. The stock had a trading volume of 172,159,149 shares, compared to its average volume of 48,366,398. Warner Bros. Discovery has a 12 month low of $7.52 and a 12 month high of $26.01. The firm has a market capitalization of $64.41 billion, a price-to-earnings ratio of 136.69, a P/E/G ratio of 1.00 and a beta of 1.60. The firm’s 50-day moving average is $21.25 and its two-hundred day moving average is $15.36. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.90.

Warner Bros. Discovery (NASDAQ:WBD) last issued its quarterly earnings results on Thursday, November 6th. The company reported ($0.06) earnings per share (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 analyst estimates of $9.17 billion. Warner Bros. Discovery had a return on equity of 1.34% and a net margin of 1.28%.The company’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.05 EPS. On average, research analysts expect that Warner Bros. Discovery will post -4.33 EPS for the current fiscal year.

Insider Activity at Warner Bros. Discovery

In related news, CAO Lori C. Locke sold 5,000 shares of the company’s stock in a transaction dated Friday, November 28th. The shares were sold at an average price of $23.83, for a total value of $119,150.00. Following the completion of the sale, the chief accounting officer owned 140,084 shares of the company’s stock, valued at approximately $3,338,201.72. This represents a 3.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Gunnar Wiedenfels sold 530,793 shares of the business’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $19.50, for a total transaction of $10,350,463.50. Following the completion of the transaction, the chief financial officer owned 1,141,150 shares of the company’s stock, valued at approximately $22,252,425. This trade represents a 31.75% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 1,202,325 shares of company stock valued at $23,053,615. 1.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Warner Bros. Discovery

Institutional investors and hedge funds have recently bought and sold shares of the stock. WPG Advisers LLC bought a new stake in shares of Warner Bros. Discovery in the 1st quarter valued at approximately $26,000. Concord Wealth Partners raised its stake in Warner Bros. Discovery by 49.9% during the 3rd quarter. Concord Wealth Partners now owns 1,321 shares of the company’s stock valued at $26,000 after acquiring an additional 440 shares in the last quarter. Physician Wealth Advisors Inc. raised its position in shares of Warner Bros. Discovery by 152.1% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 1,404 shares of the company’s stock worth $27,000 after buying an additional 847 shares in the last quarter. Financial Gravity Companies Inc. acquired a new stake in shares of Warner Bros. Discovery in the second quarter valued at $29,000. Finally, Grove Bank & Trust boosted its position in shares of Warner Bros. Discovery by 66.5% during the 3rd quarter. Grove Bank & Trust now owns 1,690 shares of the company’s stock valued at $33,000 after purchasing an additional 675 shares in the last quarter. Hedge funds and other institutional investors own 59.95% of the company’s stock.

About Warner Bros. Discovery

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.