WEBTOON Entertainment (NASDAQ:WBTN) Stock Rating Lowered by Wall Street Zen

WEBTOON Entertainment (NASDAQ:WBTN) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Saturday.

Other analysts have also issued reports about the stock. Evercore cut 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 note on Thursday, November 13th. Weiss Ratings reiterated a “sell (d-)” rating on shares of WEBTOON Entertainment in a research report on Wednesday, January 21st. UBS Group cut WEBTOON Entertainment from a “buy” rating to a “neutral” rating in a report on Friday, November 14th. Finally, Zacks Research downgraded WEBTOON Entertainment from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 20th. Four analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $17.33.

WEBTOON Entertainment Stock Down 5.4%

NASDAQ:WBTN opened at $10.61 on Friday. The business’s 50-day moving average price is $12.73 and its 200 day moving average price is $14.55. WEBTOON Entertainment has a 52-week low of $6.75 and a 52-week high of $22.47. The firm has a market cap of $1.39 billion, a P/E ratio of -10.50 and a beta of 1.92.

WEBTOON Entertainment (NASDAQ:WBTN) last issued its quarterly earnings results on Wednesday, November 12th. The company reported $0.04 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.04. The company 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%. WEBTOON Entertainment’s revenue was up 8.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.15 EPS. Sell-side analysts expect that WEBTOON Entertainment will post -0.26 EPS for the current year.

Hedge Funds Weigh In On WEBTOON Entertainment

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WBTN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of WEBTOON Entertainment by 8.6% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,816 shares of the company’s stock valued at $89,000 after purchasing an additional 774 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in 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 buying an additional 1,804 shares during the last quarter. FNY Investment Advisers LLC bought a new position in WEBTOON Entertainment in the 3rd quarter worth approximately $39,000. CWM LLC lifted its holdings in shares of WEBTOON Entertainment by 54.1% during the third quarter. CWM LLC now owns 7,204 shares of the company’s stock worth $140,000 after buying an additional 2,530 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of WEBTOON Entertainment by 20.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 16,044 shares of the company’s stock worth $209,000 after buying an additional 2,677 shares during the last quarter.

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.