World Wrestling (WWE) Gets a Sell Rating from Wells Fargo

Wells Fargo analyst Steven Cahall maintained a Sell rating on World Wrestling (WWE) yesterday. The company’s shares closed last Thursday at $45.43.

According to, Cahall is a 1-star analyst with an average return of -1.4% and a 49.2% success rate. Cahall covers the Services sector, focusing on stocks such as Clear Channel Outdoor, Nexstar Media Group, and Sinclair Broadcast.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for World Wrestling with a $48.20 average price target.

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Based on World Wrestling’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $291 million and net profit of $26.17 million. In comparison, last year the company earned revenue of $182 million and had a GAAP net loss of $8.4 million.

Based on the recent corporate insider activity of 47 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 WWE in relation to earlier this year.

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World Wrestling Entertainment, Inc. engages in the development, production and marketing of television and pay-per-view event programming and live events and the licensing and sale of consumer products featuring its brands. It operates through the following business segments: Digital Media, Live Events, Consumer Products Division, WWE Studios, and Corporate & Other. The Digital Media segment revenues consist principally of subscriptions to WWE Network, fees for viewing its pay-per-view and video-on-demand programming, and advertising fees. The Live Events segment revenues consist principally of ticket sales and travel packages for live events. The Consumer Products segment revenues consist principally of royalties or license fees related to various WWE themed products such as video games, toys and apparel. The WWE Studios segment revenues consist of amounts earned from the investing in producing and/or distributing of filmed entertainment. The Corporate & Other segment revenues consist of amounts earned from the investing in producing and/or distributing of filmed entertainment. The company was founded by Vincent K. McMahon in 1980 and is headquartered in Stamford, CT.

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