WEBTOON Entertainment Sees Unusually Large Options Volume (NASDAQ:WBTN)

WEBTOON Entertainment Inc. (NASDAQ:WBTN) was the target of some unusual options trading on Wednesday. Stock investors acquired 1,908 put options on the company. This is an increase of 285% compared to the typical volume of 495 put options.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. The Goldman Sachs Group lifted their target price on WEBTOON Entertainment from $11.00 to $15.00 and gave the company a “buy” rating in a research report on Wednesday, August 13th. Deutsche Bank Aktiengesellschaft boosted their price target on WEBTOON Entertainment from $18.00 to $25.00 and gave the stock a “buy” rating in a research report on Tuesday. Zacks Research raised WEBTOON Entertainment from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 25th. Morgan Stanley boosted their price target on 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, JPMorgan Chase & Co. boosted their price target on WEBTOON Entertainment from $14.00 to $22.00 and gave the stock a “neutral” rating in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, WEBTOON Entertainment presently has an average rating of “Moderate Buy” and an average price target of $17.83.

WEBTOON Entertainment Stock Performance

WEBTOON Entertainment stock opened at $21.10 on Friday. The business’s 50-day simple moving average is $12.80 and its two-hundred day simple moving average is $10.13. The company has a market cap of $2.76 billion, a PE ratio of -27.40 and a beta of 1.34. WEBTOON Entertainment has a fifty-two week low of $6.75 and a fifty-two week high of $21.99.

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

Institutional Trading of WEBTOON Entertainment

A number of hedge funds have recently modified their holdings of WBTN. Bank of America Corp DE boosted its stake in shares of WEBTOON Entertainment by 966.9% in the second quarter. Bank of America Corp DE now owns 823,708 shares of the company’s stock worth $7,479,000 after buying an additional 746,505 shares during the last quarter. Ameriprise Financial Inc. purchased a new stake in shares of WEBTOON Entertainment in the fourth quarter worth about $5,033,000. Millennium Management LLC boosted its stake in shares of WEBTOON Entertainment by 1,312.2% in the fourth quarter. Millennium Management LLC now owns 224,887 shares of the company’s stock worth $3,054,000 after buying an additional 208,962 shares during the last quarter. Optimize Financial Inc purchased a new stake in shares of WEBTOON Entertainment in the first quarter worth about $1,132,000. Finally, Norges Bank purchased a new stake in shares of WEBTOON Entertainment in the second quarter worth about $1,271,000.

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.