WEBTOON Entertainment Inc. (NASDAQ:WBTN) Receives Average Recommendation of “Hold” from Analysts

Shares of WEBTOON Entertainment Inc. (NASDAQ:WBTN) have earned an average rating of “Hold” from the ten research firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, six have given a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $15.0714.

Several equities research analysts recently weighed in on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of WEBTOON Entertainment in a research note on Wednesday, January 21st. Wall Street Zen cut WEBTOON Entertainment from a “hold” rating to a “sell” rating in a report on Monday, March 2nd. HSBC downgraded WEBTOON Entertainment from a “buy” rating to a “hold” rating and set a $11.50 price objective for the company. in a research report on Wednesday, March 4th. Evercore reissued an “outperform” rating and set a $15.00 price objective on shares of WEBTOON Entertainment in a report on Wednesday, March 4th. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $10.00 price objective on shares of WEBTOON Entertainment in a research report on Thursday, March 5th.

WEBTOON Entertainment Trading Up 6.5%

Shares of WEBTOON Entertainment stock opened at $9.79 on Thursday. WEBTOON Entertainment has a 1 year low of $6.75 and a 1 year high of $22.47. The company’s fifty day simple moving average is $10.60 and its 200-day simple moving average is $13.84. The company has a market cap of $1.31 billion, a price-to-earnings ratio of -3.69 and a beta of 2.07.

Institutional Investors Weigh In On WEBTOON Entertainment

Institutional investors and hedge funds have recently bought and sold shares of the business. Rockefeller Capital Management L.P. bought a new position in shares of WEBTOON Entertainment during the 4th quarter worth about $27,000. FNY Investment Advisers LLC bought a new stake in WEBTOON Entertainment in the third quarter valued at about $39,000. State of Alaska Department of Revenue acquired a new position in WEBTOON Entertainment in the third quarter worth about $55,000. BNP Paribas Financial Markets raised its position in WEBTOON Entertainment by 103.4% in the third quarter. BNP Paribas Financial Markets now owns 3,548 shares of the company’s stock worth $69,000 after purchasing an additional 1,804 shares in the last quarter. Finally, Chung Wu Investment Group LLC bought a new position in WEBTOON Entertainment during the third quarter worth about $78,000.

WEBTOON Entertainment Company Profile

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.