WEBTOON Entertainment Inc. (NASDAQ:WBTN) Receives $17.33 Consensus PT from Analysts

Shares of WEBTOON Entertainment Inc. (NASDAQ:WBTN) have received a consensus rating of “Hold” from the nine brokerages that are currently covering the stock, MarketBeat.com reports. One 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 1 year price target among brokers that have issued a report on the stock in the last year is $17.3333.

A number of equities analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft lifted their price target on WEBTOON Entertainment from $18.00 to $25.00 and gave the stock a “buy” rating in a research note on Tuesday, September 16th. Zacks Research downgraded shares of WEBTOON Entertainment from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 20th. UBS Group lowered WEBTOON Entertainment from a “buy” rating to a “neutral” rating in a report on Friday, November 14th. Weiss Ratings reiterated a “sell (d-)” rating on shares of WEBTOON Entertainment in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. upped their price target on WEBTOON Entertainment from $14.00 to $22.00 and gave the company a “neutral” rating in a research report on Tuesday, September 16th.

WEBTOON Entertainment Stock Down 0.1%

Shares of WEBTOON Entertainment stock opened at $13.15 on Tuesday. WEBTOON Entertainment has a fifty-two week low of $6.75 and a fifty-two week high of $22.47. The business has a fifty day simple moving average of $14.66 and a 200-day simple moving average of $13.81. The firm has a market cap of $1.72 billion, a price-to-earnings ratio of -13.02 and a beta of 1.91.

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

Institutional Trading of WEBTOON Entertainment

Several institutional investors have recently made changes to their positions in WBTN. Hsbc Holdings PLC acquired a new stake in WEBTOON Entertainment during the first quarter valued at $187,000. Walleye Capital LLC purchased a new stake in shares of WEBTOON Entertainment during the 1st quarter worth about $488,000. American Century Companies Inc. raised its stake in shares of WEBTOON Entertainment by 193.3% during the 1st quarter. American Century Companies Inc. now owns 43,803 shares of the company’s stock worth $336,000 after purchasing an additional 28,867 shares in the last quarter. Optimize Financial Inc acquired a new stake in shares of WEBTOON Entertainment during the 1st quarter valued at about $1,132,000. Finally, Quantbot Technologies LP bought a new stake in shares of WEBTOON Entertainment in the 1st quarter valued at approximately $158,000.

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.