Warner Bros. Discovery (NASDAQ:WBD) Upgraded at Huber Research

Huber Research upgraded shares of Warner Bros. Discovery (NASDAQ:WBD) to a strong-buy rating in a research report sent to investors on Monday morning,Zacks.com reports.

Several other equities analysts have also recently weighed in on the stock. Argus upgraded shares of Warner Bros. Discovery to a “hold” rating in a research note on Tuesday, May 27th. Citigroup reduced their target price on shares of Warner Bros. Discovery from $15.00 to $14.00 and set a “buy” rating for the company in a report on Thursday, May 29th. Rosenblatt Securities reissued a “neutral” rating and set a $13.00 price objective on shares of Warner Bros. Discovery in a research report on Friday, March 7th. Needham & Company LLC reaffirmed a “hold” rating on shares of Warner Bros. Discovery in a report on Tuesday. Finally, Wells Fargo & Company upped their price target on Warner Bros. Discovery from $9.00 to $10.00 and gave the stock an “equal weight” rating in a research report on Friday, May 9th. Eleven research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $12.17.

Warner Bros. Discovery Stock Performance

Shares of WBD stock opened at $10.51 on Monday. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.03. The company has a 50 day moving average price of $8.90 and a 200-day moving average price of $9.94. Warner Bros. Discovery has a 52 week low of $6.64 and a 52 week high of $12.70. The firm has a market capitalization of $25.80 billion, a PE ratio of -2.29, a P/E/G ratio of 8.64 and a beta of 1.51.

Warner Bros. Discovery (NASDAQ:WBD) last posted its earnings results on Thursday, May 8th. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.06). The company had revenue of $8.98 billion during the quarter, compared to the consensus estimate of $9.66 billion. Warner Bros. Discovery had a negative return on equity of 27.56% and a negative net margin of 28.34%. The company’s revenue for the quarter was down 9.8% on a year-over-year basis. During the same period last year, the firm posted ($0.40) EPS. As a group, equities research analysts expect that Warner Bros. Discovery will post -4.33 earnings per share for the current year.

Institutional Investors Weigh In On Warner Bros. Discovery

Hedge funds have recently made changes to their positions in the company. Prudential PLC increased its stake in Warner Bros. Discovery by 31.1% in the 4th quarter. Prudential PLC now owns 135,163 shares of the company’s stock worth $1,429,000 after acquiring an additional 32,102 shares during the last quarter. GF Fund Management CO. LTD. purchased a new stake in Warner Bros. Discovery during the fourth quarter valued at $4,914,000. SVB Wealth LLC bought a new position in Warner Bros. Discovery during the fourth quarter valued at $168,000. Polar Asset Management Partners Inc. purchased a new position in shares of Warner Bros. Discovery in the 4th quarter worth $3,022,000. Finally, Natixis Advisors LLC increased its holdings in shares of Warner Bros. Discovery by 3.6% in the 4th quarter. Natixis Advisors LLC now owns 291,006 shares of the company’s stock worth $3,076,000 after buying an additional 10,024 shares during the last quarter. 59.95% of the stock is currently owned by hedge funds and other 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.