WEBTOON Entertainment Inc. (NASDAQ:WBTN) Given Consensus Recommendation of “Hold” by Brokerages

WEBTOON Entertainment Inc. (NASDAQ:WBTN) has earned a consensus rating of “Hold” from the nine analysts that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $17.3333.

Several research firms have recently weighed in on WBTN. UBS Group lowered shares of WEBTOON Entertainment from a “buy” rating to a “neutral” rating in a research report on Friday, November 14th. JPMorgan Chase & Co. increased their target price on shares of WEBTOON Entertainment from $14.00 to $22.00 and gave the company a “neutral” rating in a research note on Tuesday, September 16th. Evercore ISI reduced their target price on shares of WEBTOON Entertainment from $23.00 to $20.00 and set an “outperform” rating for the company in a report on Thursday, November 13th. Zacks Research cut WEBTOON Entertainment from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 20th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on WEBTOON Entertainment from $18.00 to $25.00 and gave the company a “buy” rating in a research report on Tuesday, September 16th.

Hedge Funds Weigh In On WEBTOON Entertainment

A number of hedge funds and other institutional investors have recently modified their holdings of WBTN. Signaturefd LLC raised its holdings in WEBTOON Entertainment by 59.6% during the 2nd quarter. Signaturefd LLC now owns 3,375 shares of the company’s stock worth $31,000 after buying an additional 1,261 shares during the period. FNY Investment Advisers LLC purchased a new position in shares of WEBTOON Entertainment in the third quarter worth approximately $39,000. CWM LLC raised its holdings 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 acquiring an additional 4,050 shares during the period. State of Alaska Department of Revenue acquired a new stake in shares of WEBTOON Entertainment during the third quarter valued at approximately $55,000. Finally, BNP Paribas Financial Markets lifted its position in shares of WEBTOON Entertainment by 103.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,548 shares of the company’s stock valued at $69,000 after acquiring an additional 1,804 shares in the last quarter.

WEBTOON Entertainment Stock Performance

Shares of WBTN stock opened at $13.09 on Tuesday. WEBTOON Entertainment has a 1 year low of $6.75 and a 1 year high of $22.47. The business’s fifty day moving average is $15.14 and its 200-day moving average is $13.66. The stock has a market cap of $1.71 billion, a PE ratio of -12.96 and a beta of 1.91.

WEBTOON Entertainment (NASDAQ:WBTN) last announced its quarterly earnings data on Wednesday, November 12th. The company reported $0.04 earnings per share for the quarter, meeting the consensus estimate of $0.04. The business had revenue of $378.04 million during 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 company’s revenue was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.15 earnings per share. Equities research analysts predict that WEBTOON Entertainment will post -0.26 earnings per share for the current year.

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.