WEBTOON Entertainment Inc. (NASDAQ:WBTN) Given Average Recommendation of “Hold” by Brokerages

Shares of WEBTOON Entertainment Inc. (NASDAQ:WBTN) have been given an average rating of “Hold” by the nine brokerages that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $17.3333.

A number of equities analysts have recently commented on WBTN shares. Weiss Ratings restated a “sell (d-)” rating on shares of WEBTOON Entertainment in a research report on Wednesday, January 21st. Evercore lowered their target price on shares of WEBTOON Entertainment from $23.00 to $20.00 and set an “outperform” rating on the stock in a research note on Thursday, November 13th. Zacks Research downgraded shares of WEBTOON Entertainment from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 20th. Finally, UBS Group cut shares of WEBTOON Entertainment from a “buy” rating to a “neutral” rating in a report on Friday, November 14th.

WEBTOON Entertainment Stock Performance

Shares of WBTN opened at $11.60 on Wednesday. The stock’s 50-day simple moving average is $12.91 and its 200 day simple moving average is $14.59. The stock has a market capitalization of $1.52 billion, a price-to-earnings ratio of -11.49 and a beta of 1.92. WEBTOON Entertainment has a 52-week low of $6.75 and a 52-week high of $22.47.

WEBTOON Entertainment (NASDAQ:WBTN) last posted its earnings results on Wednesday, November 12th. The company reported $0.04 earnings per share 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 business had revenue of $378.04 million during the quarter, compared to analyst estimates of $385.21 million. During the same quarter in the previous year, the firm earned $0.15 EPS. The company’s quarterly revenue was up 8.7% compared to the same quarter last year. On average, research analysts forecast that WEBTOON Entertainment will post -0.26 earnings per share for the current fiscal year.

Institutional Trading of WEBTOON Entertainment

Institutional investors and hedge funds have recently modified their holdings of the business. FNY Investment Advisers LLC purchased a new position in shares of WEBTOON Entertainment during the third quarter worth about $39,000. CWM LLC lifted its position in WEBTOON Entertainment by 649.0% during the second quarter. CWM LLC now owns 4,674 shares of the company’s stock valued at $42,000 after purchasing an additional 4,050 shares during the last quarter. State of Alaska Department of Revenue bought a new stake in WEBTOON Entertainment during the third quarter valued at approximately $55,000. BNP Paribas Financial Markets grew its stake in WEBTOON Entertainment by 103.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,548 shares of the company’s stock worth $69,000 after buying an additional 1,804 shares in the last quarter. Finally, Chung Wu Investment Group LLC bought a new position in shares of WEBTOON Entertainment in the 3rd quarter worth $78,000.

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.