Brokerages Set WEBTOON Entertainment Inc. (NASDAQ:WBTN) PT at $15.07

WEBTOON Entertainment Inc. (NASDAQ:WBTN) has earned a consensus recommendation of “Hold” from the ten research firms that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $15.0714.

WBTN has been the topic of a number of recent analyst reports. HSBC lowered 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 note on Wednesday, March 4th. Wall Street Zen lowered shares of WEBTOON Entertainment from a “hold” rating to a “sell” rating in a report on Monday, March 2nd. Zacks Research downgraded WEBTOON Entertainment from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 20th. The Goldman Sachs Group restated a “neutral” rating and issued a $10.00 target price on shares of WEBTOON Entertainment in a research note 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.

Institutional Investors Weigh In On WEBTOON Entertainment

Institutional investors and hedge funds have recently modified their holdings of the company. FNY Investment Advisers LLC acquired a new position in WEBTOON Entertainment in the 3rd quarter worth approximately $39,000. State of Alaska Department of Revenue purchased a new position in WEBTOON Entertainment during the 3rd quarter worth approximately $55,000. BNP Paribas Financial Markets lifted 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 acquiring an additional 1,804 shares during the period. Chung Wu Investment Group LLC purchased a new stake in shares of WEBTOON Entertainment in the 3rd quarter valued at $78,000. Finally, CWM LLC boosted its holdings in shares of WEBTOON Entertainment by 54.1% in the 3rd quarter. CWM LLC now owns 7,204 shares of the company’s stock valued at $140,000 after acquiring an additional 2,530 shares during the last quarter.

WEBTOON Entertainment Stock Performance

Shares of NASDAQ WBTN opened at $9.81 on Friday. WEBTOON Entertainment has a fifty-two week low of $6.75 and a fifty-two week high of $22.47. The company has a market cap of $1.31 billion, a PE ratio of -3.70 and a beta of 1.94. The business has a 50-day simple moving average of $12.01 and a two-hundred day simple moving average of $14.46.

WEBTOON Entertainment (NASDAQ:WBTN) last posted its quarterly earnings data on Tuesday, March 3rd. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.01). The company had revenue of $330.69 million for the quarter, compared to analyst estimates of $336.77 million. WEBTOON Entertainment had a negative net margin of 24.94% and a positive return on equity of 1.44%. The business’s revenue was down 6.3% compared to the same quarter last year. During the same quarter last year, the company earned ($0.03) EPS. On average, sell-side analysts predict that WEBTOON Entertainment will post -0.26 earnings per share for the current fiscal year.

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.