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

WEBTOON Entertainment Inc. (NASDAQ:WBTN) has been assigned an average rating of “Hold” from the nine ratings firms that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $17.3333.

A number of research analysts have recently weighed in on WBTN shares. Evercore 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 research report on Thursday, November 13th. Zacks Research downgraded WEBTOON Entertainment from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 20th. Weiss Ratings reissued a “sell (d-)” rating on shares of WEBTOON Entertainment in a research report on Wednesday, January 21st. Finally, UBS Group lowered WEBTOON Entertainment from a “buy” rating to a “neutral” rating in a research note on Friday, November 14th.

Institutional Investors Weigh In On WEBTOON Entertainment

Institutional investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. increased its stake in shares of WEBTOON Entertainment by 81.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 132,882 shares of the company’s stock worth $1,731,000 after purchasing an additional 59,652 shares in the last quarter. Norges Bank bought a new position in WEBTOON Entertainment in the 4th quarter worth approximately $1,153,000. Geode Capital Management LLC boosted its holdings in WEBTOON Entertainment by 4.4% in the 4th quarter. Geode Capital Management LLC now owns 550,280 shares of the company’s stock worth $7,171,000 after buying an additional 23,420 shares during the period. FNY Investment Advisers LLC purchased a new position in WEBTOON Entertainment in the 3rd quarter valued at approximately $39,000. Finally, Sender Co & Partners Inc. bought a new stake in WEBTOON Entertainment during the 3rd quarter valued at $251,000.

WEBTOON Entertainment Price Performance

NASDAQ WBTN opened at $11.60 on Wednesday. The business’s fifty day moving average is $12.91 and its 200-day moving average is $14.59. The stock has a market capitalization of $1.52 billion, a price-to-earnings ratio of -11.49 and a beta of 1.92. WEBTOON Entertainment has a one year low of $6.75 and a one year high of $22.47.

WEBTOON Entertainment (NASDAQ:WBTN) last posted its quarterly earnings data on Wednesday, November 12th. The company reported $0.04 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.04. The business had revenue of $378.04 million during the quarter, compared to the consensus estimate of $385.21 million. WEBTOON Entertainment had a negative net margin of 9.28% and a negative return on equity of 2.14%. The firm’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.15 earnings per share. Research analysts expect that WEBTOON Entertainment will post -0.26 EPS for the current fiscal year.

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.