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

Shares of WEBTOON Entertainment Inc. (NASDAQ:WBTN) have been assigned a consensus recommendation of “Hold” from the ten brokerages that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $15.0714.

Several research firms have weighed in on WBTN. Evercore restated an “outperform” rating and set a $15.00 target price on shares of WEBTOON Entertainment in a report on Wednesday, March 4th. The Goldman Sachs Group reiterated a “neutral” rating and set a $10.00 price target on shares of WEBTOON Entertainment in a research note on Thursday, March 5th. HSBC lowered WEBTOON Entertainment from a “buy” rating to a “hold” rating and set a $11.50 price objective on the stock. in a report on Wednesday, March 4th. Weiss Ratings restated a “sell (d-)” rating on shares of WEBTOON Entertainment in a report on Wednesday, January 21st. Finally, Wall Street Zen cut WEBTOON Entertainment from a “hold” rating to a “sell” rating in a research report on Monday, March 2nd.

WEBTOON Entertainment Trading Up 6.5%

WEBTOON Entertainment stock opened at $9.79 on Thursday. WEBTOON Entertainment has a 1-year low of $6.75 and a 1-year high of $22.47. The firm’s fifty day simple moving average is $10.60 and its 200-day simple moving average is $13.84. The company has a market capitalization of $1.31 billion, a P/E ratio of -3.69 and a beta of 2.07.

Institutional Trading of WEBTOON Entertainment

Several large investors have recently modified their holdings of WBTN. Bank of America Corp DE grew its position in shares of WEBTOON Entertainment by 966.9% in the second quarter. Bank of America Corp DE now owns 823,708 shares of the company’s stock valued at $7,479,000 after purchasing an additional 746,505 shares during the last quarter. Brandywine Global Investment Management LLC acquired a new position in shares of WEBTOON Entertainment during the 4th quarter worth about $3,903,000. Marshall Wace LLP lifted its position in shares of WEBTOON Entertainment by 1,281.8% during the 3rd quarter. Marshall Wace LLP now owns 313,137 shares of the company’s stock worth $6,078,000 after purchasing an additional 290,476 shares during the last quarter. Millennium Management LLC boosted its stake in WEBTOON Entertainment by 329.0% during the 4th quarter. Millennium Management LLC now owns 191,048 shares of the company’s stock valued at $2,489,000 after purchasing an additional 146,514 shares during the period. Finally, Norges Bank acquired a new stake in WEBTOON Entertainment in the 2nd quarter valued at approximately $1,271,000.

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.