Brokerages Set WEBTOON Entertainment Inc. (NASDAQ:WBTN) Price Target at $15.75

WEBTOON Entertainment Inc. (NASDAQ:WBTN) has earned a consensus rating of “Hold” from the nine brokerages that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $15.75.

Several equities analysts have recently issued reports on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of WEBTOON Entertainment in a research note on Friday, July 17th. Wall Street Zen raised shares of WEBTOON Entertainment from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Brandywine Global Investment Management LLC bought a new stake in shares of WEBTOON Entertainment during the 4th quarter worth $3,903,000. State of Wyoming acquired a new position in shares of WEBTOON Entertainment in the 4th quarter worth $96,000. BNP Paribas Financial Markets raised its position in shares of WEBTOON Entertainment by 103.4% during the third quarter. BNP Paribas Financial Markets now owns 3,548 shares of the company’s stock worth $69,000 after purchasing an additional 1,804 shares during the period. Bank of New York Mellon Corp acquired a new stake in shares of WEBTOON Entertainment during the second quarter worth $543,000. Finally, Deutsche Bank AG purchased a new stake in shares of WEBTOON Entertainment during the second quarter valued at $237,000.

WEBTOON Entertainment Trading Up 2.5%

Shares of NASDAQ WBTN opened at $8.93 on Thursday. WEBTOON Entertainment has a twelve month low of $8.30 and a twelve month high of $22.47. The company has a market capitalization of $1.21 billion, a price-to-earnings ratio of -3.50 and a beta of 2.56. The firm has a 50-day moving average of $10.84 and a two-hundred day moving average of $11.09.

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.