WEBTOON Entertainment (NASDAQ:WBTN) Upgraded to Hold at Wall Street Zen

Wall Street Zen upgraded shares of WEBTOON Entertainment (NASDAQ:WBTN) from a sell rating to a hold rating in a research note issued to investors on Saturday.

Several other research analysts also recently commented on WBTN. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of WEBTOON Entertainment in a research note on Monday, April 20th. HSBC downgraded WEBTOON Entertainment from a “buy” rating to a “hold” rating and set a $11.50 price objective on the stock. in a research note on Wednesday, March 4th. Evercore reaffirmed an “outperform” rating and issued a $15.00 price objective on shares of WEBTOON Entertainment in a research note on Wednesday, March 4th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $10.00 price objective on shares of WEBTOON Entertainment in a research note on Thursday, March 5th. Two equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $15.75.

WEBTOON Entertainment Stock Performance

WBTN stock opened at $12.09 on Friday. WEBTOON Entertainment has a fifty-two week low of $8.16 and a fifty-two week high of $22.47. The business’s 50-day moving average is $10.79 and its two-hundred day moving average is $12.41. The company has a market cap of $1.64 billion, a price-to-earnings ratio of -4.74 and a beta of 2.59.

Institutional Trading of WEBTOON Entertainment

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in WEBTOON Entertainment by 8.6% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,816 shares of the company’s stock valued at $89,000 after purchasing an additional 774 shares during the period. BNP Paribas Financial Markets raised its stake in WEBTOON Entertainment by 103.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,548 shares of the company’s stock valued at $69,000 after purchasing an additional 1,804 shares during the period. The Manufacturers Life Insurance Company purchased a new position in WEBTOON Entertainment during the 1st quarter valued at approximately $145,000. Parallel Advisors LLC grew its holdings in WEBTOON Entertainment by 620.4% during the 1st quarter. Parallel Advisors LLC now owns 4,445 shares of the company’s stock valued at $41,000 after buying an additional 3,828 shares in the last quarter. Finally, Rockefeller Capital Management L.P. purchased a new position in WEBTOON Entertainment during the 4th quarter valued at approximately $27,000.

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.