DreamWorks Animation Stock Takes a Tumble

Shares in DreamWorks Animation fell more than $4 in early morning trading Wednesday after Piper Jaffray downgraded the toon studio’s stock to “underweight” from “neutral.” Company also set a target price of $19 for DWA’s shares, which closed at $35.20 on Tuesday.

Analysts at B. Riley were less harsh, remaining “neutral” on the stock and dropping their price targets to $33.50 from $32, in its own report released Wednesday.

In January, analysts at Zacks upgraded the stock from “neutral” to “outperform,” and has a $38.70 price target, while Morgan Stanley, in December, issued a price target of $31 and an “underweight” rating.

Cowen & Co. analyst Doug Creutz said that the firm “is inclined to stay on the sidelines” and rates DWA’s stock at “market perform,” given that the company’s TV business is not expected to grow until 2015, and the rest of this year will be dependent on the performance of “Mr. Peabody & Sherman,” “How to Train Your Dragon 2,” and “Home.”

DWA announced fourth quarter and full year 2013 earnings results on Tuesday.

SEE ALSO: DreamWorks Animation Profitable in Q4 Despite $13.5 Million ‘Turbo’ Loss

The stock immediately took a tumble Wednesday morning, falling 12.59% to $30.77 shortly after the market opened.

It was trading at $30.67 at 10 a.m. PST, down $4.53, losing nearly 12.9%.

The stock closed at $30.91, losing $4.29 or nearly 12.2%.

Over the past year, DWA’s stock has reached a low of $15.90 and a high of $36.01.

More Film

  • Netflix Signs Deal with Producer Kim

    Netflix Signs First-Look Deal With Producer Kim Magnusson for Nordic Movies (EXCLUSIVE)

    Shares in DreamWorks Animation fell more than $4 in early morning trading Wednesday after Piper Jaffray downgraded the toon studio’s stock to “underweight” from “neutral.” Company also set a target price of $19 for DWA’s shares, which closed at $35.20 on Tuesday. Analysts at B. Riley were less harsh, remaining “neutral” on the stock and […]

  • 'Chris The Swiss' Review: Inventive, Dramatic

    Cannes Film Review: 'Chris The Swiss'

    Shares in DreamWorks Animation fell more than $4 in early morning trading Wednesday after Piper Jaffray downgraded the toon studio’s stock to “underweight” from “neutral.” Company also set a target price of $19 for DWA’s shares, which closed at $35.20 on Tuesday. Analysts at B. Riley were less harsh, remaining “neutral” on the stock and […]

  • 'The State Against Mandela and the

    Cannes Film Review: 'The State Against Mandela and the Others'

    Shares in DreamWorks Animation fell more than $4 in early morning trading Wednesday after Piper Jaffray downgraded the toon studio’s stock to “underweight” from “neutral.” Company also set a target price of $19 for DWA’s shares, which closed at $35.20 on Tuesday. Analysts at B. Riley were less harsh, remaining “neutral” on the stock and […]

  • tom cavanagh the flash

    Film News Roundup: 'The Flash' Star Tom Cavanagh Joins Family Drama 'Be the Light'

    Shares in DreamWorks Animation fell more than $4 in early morning trading Wednesday after Piper Jaffray downgraded the toon studio’s stock to “underweight” from “neutral.” Company also set a target price of $19 for DWA’s shares, which closed at $35.20 on Tuesday. Analysts at B. Riley were less harsh, remaining “neutral” on the stock and […]

  • 'Dear Son' Review: Powerful, Affecting Portrait

    Cannes Film Review: 'Dear Son'

    Shares in DreamWorks Animation fell more than $4 in early morning trading Wednesday after Piper Jaffray downgraded the toon studio’s stock to “underweight” from “neutral.” Company also set a target price of $19 for DWA’s shares, which closed at $35.20 on Tuesday. Analysts at B. Riley were less harsh, remaining “neutral” on the stock and […]

  • The Misandrists Review

    Film Review: 'The Misandrists'

    Shares in DreamWorks Animation fell more than $4 in early morning trading Wednesday after Piper Jaffray downgraded the toon studio’s stock to “underweight” from “neutral.” Company also set a target price of $19 for DWA’s shares, which closed at $35.20 on Tuesday. Analysts at B. Riley were less harsh, remaining “neutral” on the stock and […]

  • One Day Review

    Cannes Film Review: 'One Day'

    Shares in DreamWorks Animation fell more than $4 in early morning trading Wednesday after Piper Jaffray downgraded the toon studio’s stock to “underweight” from “neutral.” Company also set a target price of $19 for DWA’s shares, which closed at $35.20 on Tuesday. Analysts at B. Riley were less harsh, remaining “neutral” on the stock and […]

More From Our Brands

Access exclusive content