WEBTOON Entertainment’s (WBTN) Neutral Rating Reiterated at The Goldman Sachs Group

The Goldman Sachs Group reissued their neutral rating on shares of WEBTOON Entertainment (NASDAQ:WBTN) in a research report sent to investors on Thursday, MarketBeat Ratings reports. They currently have a $10.00 target price on the stock.

Several other equities research analysts have also commented on WBTN. Zacks Research lowered WEBTOON Entertainment from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 20th. UBS Group cut WEBTOON Entertainment from a “buy” rating to a “neutral” rating in a report on Friday, November 14th. Weiss Ratings reissued a “sell (d-)” rating on shares of WEBTOON Entertainment in a research report on Wednesday, January 21st. Wall Street Zen lowered shares of WEBTOON Entertainment from a “hold” rating to a “sell” rating in a report on Monday, March 2nd. Finally, Evercore reaffirmed an “outperform” rating and set a $15.00 price target on shares of WEBTOON Entertainment in a research report on Wednesday. Three investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, WEBTOON Entertainment has a consensus rating of “Hold” and an average target price of $15.07.

WEBTOON Entertainment Stock Performance

Shares of WBTN stock opened at $9.71 on Thursday. The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of -3.66 and a beta of 1.94. WEBTOON Entertainment has a one year low of $6.75 and a one year high of $22.47. The company has a 50 day moving average price of $12.15 and a 200 day moving average price of $14.53.

WEBTOON Entertainment (NASDAQ:WBTN) last released its quarterly earnings data on Tuesday, March 3rd. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.01). The firm had revenue of $330.69 million for the quarter, compared to analyst estimates of $336.77 million. WEBTOON Entertainment had a positive return on equity of 1.36% and a negative net margin of 24.94%.The company’s quarterly revenue was down 6.3% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.03) earnings per share. As a group, equities analysts forecast that WEBTOON Entertainment will post -0.26 EPS for the current fiscal year.

Institutional Investors Weigh In On WEBTOON Entertainment

Large investors have recently modified their holdings of the stock. Invesco Ltd. raised its holdings in shares of WEBTOON Entertainment by 37.8% during the 4th quarter. Invesco Ltd. now owns 62,236 shares of the company’s stock valued at $811,000 after buying an additional 17,088 shares during the period. Millennium Management LLC grew its position in WEBTOON Entertainment by 329.0% in the fourth quarter. Millennium Management LLC now owns 191,048 shares of the company’s stock valued at $2,489,000 after acquiring an additional 146,514 shares in the last quarter. AQR Capital Management LLC grew its position in WEBTOON Entertainment by 1.2% in the fourth quarter. AQR Capital Management LLC now owns 90,643 shares of the company’s stock valued at $1,181,000 after acquiring an additional 1,061 shares in the last quarter. Barclays PLC raised its stake in shares of WEBTOON Entertainment by 26.9% during the fourth quarter. Barclays PLC now owns 32,073 shares of the company’s stock valued at $418,000 after purchasing an additional 6,804 shares during the period. Finally, State Street Corp raised its stake in shares of WEBTOON Entertainment by 0.9% during the fourth quarter. State Street Corp now owns 366,437 shares of the company’s stock valued at $4,775,000 after purchasing an additional 3,443 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.