Discovery (DISCA) Receives a Hold from Needham

Needham analyst Laura Martin maintained a Hold rating on Discovery (DISCAResearch Report) today. The company’s shares closed last Tuesday at $43.38.

According to TipRanks.com, Martin is a top 100 analyst with an average return of 31.0% and a 66.8% success rate. Martin covers the Services sector, focusing on stocks such as Peloton Interactive, World Wrestling, and CuriosityStream.

The word on The Street in general, suggests a Hold analyst consensus rating for Discovery with a $48.50 average price target, implying a 16.7% upside from current levels. In a report issued on March 26, Wells Fargo also downgraded the stock to Hold with a $59.00 price target.

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Based on Discovery’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.89 billion and net profit of $271 million. In comparison, last year the company earned revenue of $2.87 billion and had a net profit of $476 million.

Based on the recent corporate insider activity of 44 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of DISCA in relation to earlier this year. Last month, Jean-Briac Perrette, the Pres.&CEO, Discovery Int’l of DISCA sold 199,017 shares for a total of $15,147,753.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Discovery, Inc. is a media company, which engages in the provision of content across distribution platforms and digital distribution arrangements. It operates through the following segments: U.S. Networks, International Networks, Education and Other, and Corporate and Inter-segment Eliminations. The U.S. Networks segment owns and operates national television networks such as Discovery Channel, Animal Planet, and Investigation Discovery and Science. The International Networks segment consists of international television networks and websites. The Education and Other segment offers curriculum-based product and service offerings. The Corporate and Inter-segment Eliminations segment represents unallocated corporate amounts. The company was founded by John S. Hendricks in September 1982 and is headquartered in Silver Spring, MD.