WEBTOON Entertainment (NASDAQ:WBTN) Cut to “Sell” at Wall Street Zen

WEBTOON Entertainment (NASDAQ:WBTN) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Monday.

Several other research firms have also commented on WBTN. Evercore dropped their price objective 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. Weiss Ratings reissued a “sell (d-)” rating on shares of WEBTOON Entertainment in a research report on Wednesday, January 21st. Zacks Research downgraded WEBTOON Entertainment from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 20th. Finally, UBS Group lowered WEBTOON Entertainment from a “buy” rating to a “neutral” rating in a research report on Friday, November 14th. Four equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, WEBTOON Entertainment currently has an average rating of “Hold” and an average target price of $17.33.

WEBTOON Entertainment Trading Down 2.7%

Shares of WBTN stock opened at $11.25 on Monday. WEBTOON Entertainment has a 12 month low of $6.75 and a 12 month high of $22.47. The stock has a market cap of $1.47 billion, a PE ratio of -11.14 and a beta of 1.94. The company’s fifty day moving average price is $12.39 and its 200-day moving average price is $14.69.

Hedge Funds Weigh In On WEBTOON Entertainment

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WBTN. Los Angeles Capital Management LLC bought a new stake in shares of WEBTOON Entertainment in the 2nd quarter worth $189,000. SG Americas Securities LLC lifted its holdings in shares of WEBTOON Entertainment by 60.8% during the second quarter. SG Americas Securities LLC now owns 97,890 shares of the company’s stock valued at $889,000 after purchasing an additional 37,004 shares in the last quarter. CWM LLC boosted its position in shares of 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 buying an additional 4,050 shares during the last quarter. Walleye Capital LLC raised its position in WEBTOON Entertainment by 84.4% in the 2nd quarter. Walleye Capital LLC now owns 117,263 shares of the company’s stock worth $1,065,000 after buying an additional 53,669 shares during the last quarter. Finally, Creative Planning lifted its stake in WEBTOON Entertainment by 127.4% during the 2nd quarter. Creative Planning now owns 66,806 shares of the company’s stock valued at $607,000 after acquiring an additional 37,422 shares during the period.

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.