Warner Bros. Discovery (NASDAQ:WBD) Reaches New 12-Month Low at $16.59

Warner Bros. Discovery, Inc. (NASDAQ:WBDGet Rating)’s stock price hit a new 52-week low during trading on Thursday . The stock traded as low as $16.59 and last traded at $16.62, with a volume of 17835294 shares. The stock had previously closed at $17.35.

Several equities research analysts have commented on the stock. Cowen raised shares of Warner Bros. Discovery from a “market perform” rating to an “outperform” rating and cut their price target for the stock from $31.00 to $24.00 in a research report on Thursday. Cowen raised shares of Warner Bros. Discovery from a “market perform” rating to an “outperform” rating and dropped their target price for the company from $31.00 to $24.00 in a report on Thursday. Rosenblatt Securities began coverage on shares of Warner Bros. Discovery in a report on Tuesday, April 19th. They issued a “sell” rating on the stock. Evercore ISI raised shares of Warner Bros. Discovery from an “in-line” rating to an “outperform” rating and set a $40.00 target price on the stock in a report on Monday, April 11th. Finally, Atlantic Securities raised shares of Warner Bros. Discovery from a “neutral” rating to an “overweight” rating and set a $40.00 target price on the stock in a report on Monday, April 11th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $32.83.

The firm has a market cap of $43.93 billion, a price-to-earnings ratio of 8.96, a PEG ratio of 0.73 and a beta of 1.25. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 1.03.

Warner Bros. Discovery (NASDAQ:WBDGet Rating) last released its quarterly earnings results on Tuesday, April 26th. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.65. Warner Bros. Discovery had a net margin of 10.53% and a return on equity of 10.38%. As a group, equities analysts anticipate that Warner Bros. Discovery, Inc. will post 2.37 EPS for the current year.

In other Warner Bros. Discovery news, insider David Leavy bought 6,866 shares of the firm’s stock in a transaction on Thursday, April 28th. The shares were purchased at an average price of $18.33 per share, for a total transaction of $125,853.78. Following the transaction, the insider now directly owns 167,176 shares in the company, valued at approximately $3,064,336.08. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Robert R. Bennett bought 28,000 shares of the firm’s stock in a transaction on Thursday, April 28th. The shares were acquired at an average price of $18.95 per share, for a total transaction of $530,600.00. Following the transaction, the director now owns 62,737 shares in the company, valued at $1,188,866.15. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 206,862 shares of company stock worth $3,959,897. Company insiders own 6.07% of the company’s stock.

About Warner Bros. Discovery (NASDAQ:WBD)

Warner Bros. Discovery, Inc, a media company, provides content across various distribution platforms in approximately 50 languages worldwide. It also produces, develops, and distributes feature films, television, gaming, and other content in various physical and digital formats through basic networks, direct-to-consumer or theatrical, TV content, and games licensing.

Featured Stories

Receive News & Ratings for Warner Bros. Discovery Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Warner Bros. Discovery and related companies with MarketBeat.com's FREE daily email newsletter.