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

WEBTOON Entertainment (NASDAQ:WBTN) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Monday.

WBTN has been the topic of several other reports. Evercore reduced their price target on WEBTOON Entertainment from $23.00 to $20.00 and set an “outperform” rating on the stock in a research report on Thursday, November 13th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of WEBTOON Entertainment in a research note on Wednesday, January 21st. Zacks Research cut shares of WEBTOON Entertainment from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 20th. Finally, UBS Group lowered shares of WEBTOON Entertainment from a “buy” rating to a “neutral” rating in a report on Friday, November 14th. Four research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $17.33.

WEBTOON Entertainment Trading Down 2.7%

Shares of NASDAQ:WBTN opened at $11.25 on Monday. The stock has a market capitalization of $1.47 billion, a P/E ratio of -11.14 and a beta of 1.94. The stock’s 50-day moving average price is $12.39 and its 200-day moving average price is $14.69. WEBTOON Entertainment has a 12-month low of $6.75 and a 12-month high of $22.47.

Institutional Investors Weigh In On WEBTOON Entertainment

Institutional investors and hedge funds have recently modified their holdings of the stock. Los Angeles Capital Management LLC purchased a new position in shares of WEBTOON Entertainment during the second quarter valued at about $189,000. SG Americas Securities LLC lifted its holdings in WEBTOON Entertainment by 60.8% in the second quarter. SG Americas Securities LLC now owns 97,890 shares of the company’s stock worth $889,000 after buying an additional 37,004 shares during the period. CWM LLC boosted its position in WEBTOON Entertainment by 649.0% during the 2nd quarter. CWM LLC now owns 4,674 shares of the company’s stock valued at $42,000 after acquiring an additional 4,050 shares in the last quarter. Walleye Capital LLC grew its holdings in shares of WEBTOON Entertainment by 84.4% during the 2nd quarter. Walleye Capital LLC now owns 117,263 shares of the company’s stock worth $1,065,000 after acquiring an additional 53,669 shares during the period. Finally, Creative Planning grew its holdings in shares of WEBTOON Entertainment by 127.4% during the 2nd quarter. Creative Planning now owns 66,806 shares of the company’s stock worth $607,000 after acquiring an additional 37,422 shares during the period.

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.