Warner Bros. Discovery, Inc. (NASDAQ:WBD) Receives Average Recommendation of “Hold” from Analysts

Shares of Warner Bros. Discovery, Inc. (NASDAQ:WBD) have received a consensus rating of “Hold” from the twenty-three brokerages that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $27.0417.

Several research analysts have commented on WBD shares. TD Cowen raised their target price on Warner Bros. Discovery from $22.00 to $26.00 and gave the stock a “hold” rating in a research note on Friday, February 27th. Wells Fargo & Company started coverage on Warner Bros. Discovery in a research note on Monday, March 9th. They issued an “equal weight” rating and a $31.00 target price for the company. UBS Group raised their target price on Warner Bros. Discovery from $30.00 to $31.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Huber Research upgraded Warner Bros. Discovery from an “underweight” rating to an “overweight” rating in a research note on Monday, June 1st. Finally, KeyCorp restated an “overweight” rating on shares of Warner Bros. Discovery in a research note on Friday, April 24th.

Institutional Trading of Warner Bros. Discovery

Several institutional investors and hedge funds have recently modified their holdings of the business. Western Wealth Management LLC purchased a new stake in shares of Warner Bros. Discovery in the 1st quarter valued at about $139,000. Carmignac Gestion raised its holdings in shares of Warner Bros. Discovery by 27.1% in the 1st quarter. Carmignac Gestion now owns 236,373 shares of the company’s stock valued at $6,491,000 after acquiring an additional 50,418 shares in the last quarter. Parallel Advisors LLC raised its holdings in shares of Warner Bros. Discovery by 18.4% in the 1st quarter. Parallel Advisors LLC now owns 23,028 shares of the company’s stock valued at $632,000 after acquiring an additional 3,577 shares in the last quarter. Asset Dedication LLC raised its holdings in shares of Warner Bros. Discovery by 118.0% in the 1st quarter. Asset Dedication LLC now owns 1,249 shares of the company’s stock valued at $34,000 after acquiring an additional 676 shares in the last quarter. Finally, Carlson Capital L.P. raised its holdings in shares of Warner Bros. Discovery by 140.0% in the 1st quarter. Carlson Capital L.P. now owns 96,000 shares of the company’s stock valued at $2,636,000 after acquiring an additional 56,000 shares in the last quarter. Hedge funds and other institutional investors own 59.95% of the company’s stock.

Warner Bros. Discovery Stock Down 0.9%

Shares of NASDAQ WBD opened at $26.74 on Friday. Warner Bros. Discovery has a 52 week low of $10.76 and a 52 week high of $30.00. The business has a 50-day simple moving average of $26.98 and a two-hundred day simple moving average of $27.70. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.92. The company has a market cap of $67.04 billion, a P/E ratio of -38.20 and a beta of 1.54.

Warner Bros. Discovery (NASDAQ:WBD) last issued its earnings results on Wednesday, May 6th. The company reported ($1.17) EPS for the quarter, missing the consensus estimate of ($0.10) by ($1.07). Warner Bros. Discovery had a negative return on equity of 4.77% and a negative net margin of 4.67%.The company had revenue of $8.89 billion during the quarter, compared to the consensus estimate of $8.89 billion. During the same quarter in the prior year, the business earned ($0.18) EPS. The firm’s revenue for the quarter was down 1.0% compared to the same quarter last year. Research analysts anticipate that Warner Bros. Discovery will post -1.07 earnings per share for the current fiscal year.

Key Warner Bros. Discovery News

Here are the key news stories impacting Warner Bros. Discovery this week:

• Positive Sentiment: Shares rose on reports that EU regulators may be willing to approve a Paramount deal involving Warner Bros. Discovery, raising hopes that a merger could unlock value for WBD shareholders. Article Title
• Positive Sentiment: Warner Bros. Discovery’s DC strategy remains in focus after Warner Bros. Animation announced three new DC TV series, reinforcing the company’s ability to keep building its superhero content pipeline. Article Title
• Positive Sentiment: The company also teamed with AWS around the “Supergirl” release, extending DC’s reach and adding another marketing/engagement channel for the franchise. Article Title
• Neutral Sentiment: Coverage on Warner Bros. Discovery’s lifestyle merchandising strategy questioned whether it deepens the DC brand or risks diluting focus; this looks more like a strategic debate than a near-term financial catalyst. Article Title
• Neutral Sentiment: Forbes reported that Warner Bros. is likely to keep its existing PVOD release strategy for DC’s “Supergirl,” suggesting continuity rather than a major change to the film monetization approach. Article Title

About Warner Bros. Discovery

Warner Bros. Discovery (NASDAQ: WBD) is a global media and entertainment company formed when WarnerMedia and Discovery, Inc combined their businesses in 2022. Headquartered in New York City, the company assembles a broad portfolio of film and television production, linear and cable networks, streaming services and consumer distribution operations. Its assets span well-known studio brands, premium scripted and unscripted programming, news and factual entertainment, and licensed franchise properties.

The company’s core activities include film and television production and distribution through units such as Warner Bros.