WEBTOON Entertainment (NASDAQ:WBTN) Cut to Hold at Zacks Research

Zacks Research cut shares of WEBTOON Entertainment (NASDAQ:WBTN) from a strong-buy rating to a hold rating in a research note issued to investors on Thursday,Zacks.com reports.

Other analysts have also recently issued reports about the stock. Morgan Stanley lifted their target price on shares of WEBTOON Entertainment from $10.00 to $11.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 13th. Wall Street Zen upgraded shares of WEBTOON Entertainment from a “strong sell” rating to a “hold” rating in a research note on Saturday, August 16th. JPMorgan Chase & Co. boosted their price objective on shares of WEBTOON Entertainment from $14.00 to $22.00 and gave the company a “neutral” rating in a report on Tuesday, September 16th. Deutsche Bank Aktiengesellschaft raised their target price on WEBTOON Entertainment from $18.00 to $25.00 and gave the stock a “buy” rating in a research note on Tuesday, September 16th. Finally, The Goldman Sachs Group lifted their price target on WEBTOON Entertainment from $11.00 to $15.00 and gave the stock a “buy” rating in a research report on Wednesday, August 13th. Four investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $17.33.

WEBTOON Entertainment Stock Up 8.7%

NASDAQ:WBTN opened at $13.60 on Thursday. The stock has a market cap of $1.78 billion, a PE ratio of -13.47 and a beta of 1.74. WEBTOON Entertainment has a 52 week low of $6.75 and a 52 week high of $22.47. The business’s 50-day simple moving average is $17.48 and its two-hundred day simple moving average is $12.97.

WEBTOON Entertainment (NASDAQ:WBTN) last announced its earnings results on Wednesday, November 12th. The company reported $0.04 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.04. The company had revenue of $378.04 million for the quarter, compared to analyst estimates of $385.21 million. WEBTOON Entertainment had a negative return on equity of 2.14% and a negative net margin of 9.28%.The firm’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.15 EPS. WEBTOON Entertainment has set its Q4 2025 guidance at EPS. Sell-side analysts anticipate that WEBTOON Entertainment will post -0.26 earnings per share for the current fiscal year.

Institutional Trading of WEBTOON Entertainment

A number of hedge funds have recently modified their holdings of the stock. Sender Co & Partners Inc. purchased a new position in WEBTOON Entertainment during the third quarter valued at approximately $251,000. Jain Global LLC acquired a new stake in shares of WEBTOON Entertainment during the 3rd quarter worth approximately $675,000. Alliancebernstein L.P. increased its holdings in shares of WEBTOON Entertainment by 20.9% during the 3rd quarter. Alliancebernstein L.P. now owns 15,600 shares of the company’s stock valued at $303,000 after purchasing an additional 2,700 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in shares of WEBTOON Entertainment by 8.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 939,475 shares of the company’s stock valued at $18,235,000 after purchasing an additional 73,777 shares during the period. Finally, Creative Planning lifted its stake in shares of WEBTOON Entertainment by 58.3% in the 3rd quarter. Creative Planning now owns 105,753 shares of the company’s stock valued at $2,053,000 after purchasing an additional 38,947 shares during the period.

WEBTOON Entertainment Company Profile

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.