WEBTOON Entertainment Inc. (NASDAQ:WBTN) Receives $15.07 Average Price Target from Analysts

Shares of WEBTOON Entertainment Inc. (NASDAQ:WBTN) have received an average rating of “Hold” from the ten brokerages that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $15.0714.

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

WEBTOON Entertainment Stock Up 1.5%

Shares of NASDAQ WBTN opened at $9.90 on Thursday. The company’s fifty day moving average is $10.40 and its 200-day moving average is $13.60. The stock has a market cap of $1.32 billion, a price-to-earnings ratio of -3.74 and a beta of 2.08. WEBTOON Entertainment has a twelve month low of $6.75 and a twelve month high of $22.47.

Institutional Investors Weigh In On WEBTOON Entertainment

Institutional investors have recently added to or reduced their stakes in the stock. FNY Investment Advisers LLC bought a new stake in WEBTOON Entertainment in the 3rd quarter valued at $39,000. Rockefeller Capital Management L.P. bought a new stake in WEBTOON Entertainment in the 4th quarter valued at $27,000. State of Alaska Department of Revenue bought a new stake in WEBTOON Entertainment in the 3rd quarter valued at $55,000. BNP Paribas Financial Markets lifted its position 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 acquiring an additional 1,804 shares in the last quarter. Finally, Chung Wu Investment Group LLC bought a new stake in WEBTOON Entertainment in the 3rd quarter valued at $78,000.

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.