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

Shares of WEBTOON Entertainment Inc. (NASDAQ:WBTN) have received an average rating of “Hold” from the nine brokerages that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $15.75.

A number of equities research analysts have commented on the stock. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $10.00 target price on shares of WEBTOON Entertainment in a research report on Thursday, March 5th. Weiss Ratings restated a “sell (d-)” rating on shares of WEBTOON Entertainment in a research note on Monday, April 20th. HSBC lowered WEBTOON Entertainment from a “buy” rating to a “hold” rating and set a $11.50 price objective for the company. in a report on Wednesday, March 4th. Wall Street Zen raised WEBTOON Entertainment from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Finally, Evercore reissued an “outperform” rating and issued a $15.00 target price on shares of WEBTOON Entertainment in a research report on Wednesday, March 4th.

WEBTOON Entertainment Stock Up 3.4%

Shares of WEBTOON Entertainment stock opened at $12.41 on Tuesday. The company has a market cap of $1.68 billion, a price-to-earnings ratio of -4.87 and a beta of 2.49. The company’s 50 day moving average is $11.89 and its 200 day moving average is $11.84. WEBTOON Entertainment has a twelve month low of $8.23 and a twelve month high of $22.47.

Hedge Funds Weigh In On WEBTOON Entertainment

Institutional investors and hedge funds have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in WEBTOON Entertainment by 8.6% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,816 shares of the company’s stock valued at $89,000 after buying an additional 774 shares during the period. Generali Investments Towarzystwo Funduszy Inwestycyjnych raised its position in WEBTOON Entertainment by 13.3% in the first quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 8,500 shares of the company’s stock worth $78,000 after acquiring an additional 1,000 shares during the period. AQR Capital Management LLC raised its position in WEBTOON Entertainment by 1.2% in the fourth quarter. AQR Capital Management LLC now owns 90,643 shares of the company’s stock worth $1,181,000 after acquiring an additional 1,061 shares during the period. BNP Paribas Financial Markets boosted its stake in shares of WEBTOON Entertainment by 103.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,548 shares of the company’s stock worth $69,000 after acquiring an additional 1,804 shares during the last quarter. Finally, FNY Investment Advisers LLC purchased a new position in shares of WEBTOON Entertainment during the 3rd quarter worth $39,000.

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.