Discovery Inc (DISCA) Gets a Hold Rating from Needham

In a report released today, Laura Martin from Needham maintained a Hold rating on Discovery Inc (DISCAResearch Report). The company’s shares closed last Tuesday at $27.97, close to its 52-week low of $19.07.

According to TipRanks.com, Martin is a 5-star analyst with an average return of 26.7% and a 64.6% success rate. Martin covers the Services sector, focusing on stocks such as Chicken Soup For The Soul Entertainment, Tremor International, and CuriosityStream.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Discovery Inc with a $44.38 average price target.

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Based on Discovery Inc’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $2.79 billion and net profit of $140 million. In comparison, last year the company earned revenue of $2.68 billion and had a net profit of $377 million.

Based on the recent corporate insider activity of 47 insiders, corporate insider sentiment is neutral on the stock. Most recently, in June 2021, Jean-Briac Perrette, the Pres.&CEO, Discovery Int’l of DISCA bought 215,052 shares for a total of $6,114,640.

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.