Warner Bros. Discovery (NASDAQ:WBD) Rating Reiterated by Needham & Company LLC

Needham & Company LLC reaffirmed their hold rating on shares of Warner Bros. Discovery (NASDAQ:WBD) in a research report released on Thursday, Benzinga reports.

Several other equities analysts have also weighed in on WBD. Barrington Research restated an outperform rating and issued a $12.00 price objective on shares of Warner Bros. Discovery in a report on Tuesday, July 23rd. Moffett Nathanson reduced their price target on Warner Bros. Discovery from $10.00 to $9.00 and set a neutral rating on the stock in a research report on Thursday, August 8th. Benchmark reiterated a buy rating and issued a $18.00 price objective on shares of Warner Bros. Discovery in a report on Friday, September 13th. Sanford C. Bernstein lowered Warner Bros. Discovery from an outperform rating to a market perform rating and cut their target price for the company from $10.00 to $8.00 in a research note on Tuesday, August 13th. Finally, The Goldman Sachs Group boosted their target price on Warner Bros. Discovery from $7.50 to $8.50 and gave the stock a neutral rating in a research report on Monday, October 7th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of Hold and a consensus price target of $10.66.

Warner Bros. Discovery Stock Down 0.3 %

Shares of WBD opened at $7.52 on Thursday. The business’s fifty day moving average price is $7.74 and its two-hundred day moving average price is $7.90. The firm has a market capitalization of $18.43 billion, a price-to-earnings ratio of -6.06 and a beta of 1.48. Warner Bros. Discovery has a 52 week low of $6.64 and a 52 week high of $12.70. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.76 and a current ratio of 0.76.

Warner Bros. Discovery (NASDAQ:WBD) last posted its quarterly earnings results on Wednesday, August 7th. The company reported ($4.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by ($3.89). The firm had revenue of $9.71 billion during the quarter, compared to the consensus estimate of $10.07 billion. Warner Bros. Discovery had a negative net margin of 29.47% and a negative return on equity of 27.28%. Warner Bros. Discovery’s revenue was down 6.2% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.51) EPS. On average, analysts predict that Warner Bros. Discovery will post -4.47 earnings per share for the current year.

Hedge Funds Weigh In On Warner Bros. Discovery

A number of large investors have recently bought and sold shares of the company. University of Texas Texas AM Investment Managment Co. acquired a new position in Warner Bros. Discovery during the fourth quarter worth $33,000. Crewe Advisors LLC acquired a new position in shares of Warner Bros. Discovery during the 1st quarter worth about $27,000. First Financial Corp IN grew its holdings in shares of Warner Bros. Discovery by 577.4% in the 1st quarter. First Financial Corp IN now owns 3,387 shares of the company’s stock valued at $30,000 after acquiring an additional 2,887 shares in the last quarter. Family Firm Inc. acquired a new stake in shares of Warner Bros. Discovery in the second quarter valued at about $26,000. Finally, Future Financial Wealth Managment LLC bought a new stake in Warner Bros. Discovery during the first quarter worth about $33,000. Institutional investors and hedge funds 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.