WEBTOON Entertainment (NASDAQ:WBTN) Sees Strong Trading Volume After Analyst Upgrade

WEBTOON Entertainment Inc. (NASDAQ:WBTN) saw unusually-strong trading volume on Wednesday after Deutsche Bank Aktiengesellschaft raised their price target on the stock from $18.00 to $25.00. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock. Approximately 1,068,757 shares were traded during trading, an increase of 108% from the previous session’s volume of 513,717 shares.The stock last traded at $21.19 and had previously closed at $20.80.

Other equities research analysts have also recently issued reports about the stock. The Goldman Sachs Group lifted their price objective on shares of WEBTOON Entertainment from $11.00 to $15.00 and gave the stock a “buy” rating in a research report on Wednesday, August 13th. Zacks Research raised shares of WEBTOON Entertainment from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 25th. JPMorgan Chase & Co. lifted their price objective on shares of WEBTOON Entertainment from $14.00 to $22.00 and gave the stock a “neutral” rating in a research report on Tuesday. Morgan Stanley lifted their price objective on shares of WEBTOON Entertainment from $10.00 to $11.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 13th. Finally, Wall Street Zen raised shares of WEBTOON Entertainment from a “strong sell” rating to a “hold” rating in a research report on Saturday, August 16th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, WEBTOON Entertainment currently has a consensus rating of “Moderate Buy” and an average price target of $17.83.

Institutional Trading of WEBTOON Entertainment

Institutional investors and hedge funds have recently modified their holdings of the business. Signaturefd LLC lifted its stake in shares of WEBTOON Entertainment by 59.6% during the second quarter. Signaturefd LLC now owns 3,375 shares of the company’s stock valued at $31,000 after buying an additional 1,261 shares during the period. CWM LLC lifted its stake 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 period. Deutsche Bank AG purchased a new position in shares of WEBTOON Entertainment during the fourth quarter valued at approximately $54,000. Generali Investments Towarzystwo Funduszy Inwestycyjnych purchased a new position in shares of WEBTOON Entertainment during the first quarter valued at approximately $58,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of 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.

WEBTOON Entertainment Stock Up 1.0%

The firm has a market cap of $2.74 billion, a PE ratio of -27.27 and a beta of 1.34. The firm’s 50 day moving average is $12.57 and its 200-day moving average is $10.05.

WEBTOON Entertainment (NASDAQ:WBTN) last announced its quarterly earnings results on Tuesday, August 12th. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.05. WEBTOON Entertainment had a negative net margin of 7.24% and a negative return on equity of 0.13%. The company had revenue of $348.27 million for the quarter, compared to analyst estimates of $341.63 million. During the same quarter last year, the business earned $0.20 EPS. WEBTOON Entertainment’s revenue for the quarter was up 8.5% on a year-over-year basis. WEBTOON Entertainment has set its Q3 2025 guidance at EPS. On average, analysts forecast that WEBTOON Entertainment Inc. will post -0.26 earnings per share for the current year.

About WEBTOON Entertainment

WEBTOON Entertainment Inc operates a storytelling platform worldwide. The company’s platform allows a community of creators and users to discover, create, and share new content. Its platform offers stories primarily in two ways, including web-comics, a graphical comic-like medium; and web-novels, which are text-based stories.