Warner Bros. Discovery’s (WBD) Outperform Rating Reaffirmed at Barrington Research

Barrington Research reiterated their outperform rating on shares of Warner Bros. Discovery (NASDAQ:WBD) in a research report sent to investors on Wednesday,Benzinga reports. The brokerage currently has a $16.00 price target on the stock.

Several other equities analysts also recently commented on the company. Bank of America reaffirmed a “buy” rating and issued a $14.00 target price on shares of Warner Bros. Discovery in a research report on Thursday, December 12th. Macquarie increased their price target on Warner Bros. Discovery from $8.00 to $9.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Guggenheim increased their price target on Warner Bros. Discovery from $11.00 to $12.50 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Wolfe Research raised Warner Bros. Discovery from an “underperform” rating to a “peer perform” rating in a research report on Monday, November 11th. Finally, Moffett Nathanson raised Warner Bros. Discovery from a “neutral” rating to a “buy” rating and increased their price target for the stock from $9.00 to $13.00 in a research report on Tuesday, January 21st. Ten equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Warner Bros. Discovery has an average rating of “Moderate Buy” and an average target price of $11.91.

Warner Bros. Discovery Price Performance

Warner Bros. Discovery stock opened at $11.43 on Wednesday. Warner Bros. Discovery has a 12 month low of $6.64 and a 12 month high of $12.70. The stock’s 50 day moving average is $10.36 and its 200-day moving average is $9.34. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.03. The company has a market capitalization of $28.04 billion, a price-to-earnings ratio of -2.50, a PEG ratio of 8.64 and a beta of 1.49.

Warner Bros. Discovery (NASDAQ:WBD) last posted its earnings results on Thursday, February 27th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of $0.10 by ($0.30). Warner Bros. Discovery had a negative net margin of 28.34% and a negative return on equity of 27.56%. The firm had revenue of $10.03 billion during the quarter, compared to analyst estimates of $10.16 billion. Equities research analysts expect that Warner Bros. Discovery will post -4.33 EPS for the current year.

Insider Activity

In other news, insider Savalle Sims sold 169,436 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of $12.36, for a total value of $2,094,228.96. Following the completion of the transaction, the insider now directly owns 599,317 shares in the company, valued at approximately $7,407,558.12. This represents a 22.04 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Piazza Samuel A. Jr. Di purchased 17,346 shares of the company’s stock in a transaction dated Monday, March 3rd. The stock was purchased at an average price of $11.41 per share, with a total value of $197,917.86. Following the completion of the purchase, the director now directly owns 159,932 shares in the company, valued at $1,824,824.12. The trade was a 12.17 % increase in their position. The disclosure for this purchase can be found here. 1.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of WBD. Colonial Trust Advisors raised its position in Warner Bros. Discovery by 71.8% during the 4th quarter. Colonial Trust Advisors now owns 2,383 shares of the company’s stock worth $25,000 after purchasing an additional 996 shares during the last quarter. Stonebridge Financial Group LLC bought a new position in Warner Bros. Discovery during the 4th quarter worth $26,000. SRS Capital Advisors Inc. raised its position in Warner Bros. Discovery by 313.4% during the 4th quarter. SRS Capital Advisors Inc. now owns 2,559 shares of the company’s stock worth $27,000 after purchasing an additional 1,940 shares during the last quarter. Graney & King LLC bought a new position in Warner Bros. Discovery during the 4th quarter worth $28,000. Finally, Ethos Financial Group LLC bought a new position in Warner Bros. Discovery during the 4th quarter worth $29,000. 59.95% of the stock is currently owned by institutional investors.

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.