WEBTOON Entertainment Inc. (NASDAQ:WBTN) Given Consensus Rating of “Hold” by Analysts

WEBTOON Entertainment Inc. (NASDAQ:WBTN) has earned a consensus recommendation of “Hold” from the nine ratings firms that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $17.3333.

A number of analysts have recently issued reports on the stock. Evercore ISI dropped their price target on shares of WEBTOON Entertainment from $23.00 to $20.00 and set an “outperform” rating on the stock in a report on Thursday, November 13th. Zacks Research downgraded shares of WEBTOON Entertainment from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 20th. Weiss Ratings restated a “sell (d-)” rating on shares of WEBTOON Entertainment in a report on Wednesday, October 8th. Finally, UBS Group downgraded shares of WEBTOON Entertainment from a “buy” rating to a “neutral” rating in a research report on Friday, November 14th.

WEBTOON Entertainment Trading Up 0.2%

WEBTOON Entertainment stock opened at $13.38 on Friday. The firm has a market cap of $1.75 billion, a price-to-earnings ratio of -13.25 and a beta of 1.92. The stock has a fifty day simple moving average of $13.50 and a two-hundred day simple moving average of $14.22. WEBTOON Entertainment has a 12 month low of $6.75 and a 12 month high of $22.47.

WEBTOON Entertainment (NASDAQ:WBTN) last announced its quarterly earnings results on Wednesday, November 12th. The company reported $0.04 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates 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 the consensus estimate of $385.21 million. During the same period in the prior year, the company posted $0.15 earnings per share. The company’s quarterly revenue was up 8.7% on a year-over-year basis. On average, equities research analysts forecast that WEBTOON Entertainment will post -0.26 EPS for the current fiscal year.

Institutional Trading of WEBTOON Entertainment

A number of hedge funds have recently bought and sold shares of the company. Invesco Ltd. bought a new position in WEBTOON Entertainment in the first quarter valued at about $123,000. Jacobs Levy Equity Management Inc. purchased a new stake in shares of WEBTOON Entertainment during the 1st quarter valued at about $228,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of WEBTOON Entertainment during the 1st quarter valued at about $129,000. Jane Street Group LLC bought a new position in shares of WEBTOON Entertainment in the 1st quarter worth approximately $619,000. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of WEBTOON Entertainment in the second quarter worth approximately $107,000.

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.