WEBTOON Entertainment Inc. (NASDAQ:WBTN) Receives Consensus Rating of “Hold” from Brokerages

Shares of WEBTOON Entertainment Inc. (NASDAQ:WBTN) have been assigned an average recommendation of “Hold” from the nine research firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $17.3333.

A number of brokerages have recently weighed in on WBTN. UBS Group downgraded WEBTOON Entertainment from a “buy” rating to a “neutral” rating in a report on Friday, November 14th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of WEBTOON Entertainment from $18.00 to $25.00 and gave the company a “buy” rating in a research report on Tuesday, September 16th. JPMorgan Chase & Co. upped their price objective on shares of WEBTOON Entertainment from $14.00 to $22.00 and gave the company a “neutral” rating in a research note on Tuesday, September 16th. Evercore ISI cut their price objective on WEBTOON Entertainment from $23.00 to $20.00 and set an “outperform” rating for the company in a report on Thursday, November 13th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of WEBTOON Entertainment in a research note on Wednesday, October 8th.

Hedge Funds Weigh In On WEBTOON Entertainment

A number of hedge funds have recently added to or reduced their stakes in WBTN. FNY Investment Advisers LLC bought a new position in WEBTOON Entertainment during the third quarter valued at approximately $39,000. Sender Co & Partners Inc. bought a new stake in WEBTOON Entertainment in the third quarter worth approximately $251,000. Jain Global LLC bought a new stake in WEBTOON Entertainment in the third quarter worth approximately $675,000. Alliancebernstein L.P. increased its stake in shares of WEBTOON Entertainment by 20.9% during the 3rd quarter. Alliancebernstein L.P. now owns 15,600 shares of the company’s stock worth $303,000 after purchasing an additional 2,700 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of WEBTOON Entertainment by 8.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 939,475 shares of the company’s stock valued at $18,235,000 after purchasing an additional 73,777 shares in the last quarter.

WEBTOON Entertainment Stock Up 1.6%

WBTN opened at $13.09 on Tuesday. The firm has a market capitalization of $1.71 billion, a P/E ratio of -12.96 and a beta of 1.91. The stock has a fifty day moving average of $15.14 and a 200-day moving average of $13.66. WEBTOON Entertainment has a 12-month low of $6.75 and a 12-month high of $22.47.

WEBTOON Entertainment (NASDAQ:WBTN) last posted its quarterly earnings results on Wednesday, November 12th. The company reported $0.04 earnings per share for the quarter, meeting the consensus estimate of $0.04. WEBTOON Entertainment had a negative return on equity of 2.14% and a negative net margin of 9.28%.The firm had revenue of $378.04 million for the quarter, compared to analyst estimates of $385.21 million. During the same period in the previous year, the firm earned $0.15 earnings per share. WEBTOON Entertainment’s quarterly revenue was up 8.7% on a year-over-year basis. On average, analysts expect that WEBTOON Entertainment will post -0.26 earnings per share for the current fiscal year.

About WEBTOON Entertainment

Webtoon Entertainment Inc operates WEBTOON, a leading digital comics platform offering a diverse library of user-generated and professionally produced webcomics. The company enables creators around the world to publish serialized content in a vertical-scrolling format optimized for mobile and web consumption. Through its platform, readers can access thousands of titles across genres such as romance, fantasy, drama, and action, with both free-to-read episodes and advanced access options supported by microtransactions and advertising.

Founded as part of Naver Corporation and launched internationally in 2014, Webtoon Entertainment has grown rapidly by fostering a direct connection between comic creators and global audiences.