WEBTOON Entertainment (NASDAQ:WBTN) Shares Gap Down – What’s Next?

WEBTOON Entertainment Inc. (NASDAQ:WBTNGet Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $13.31, but opened at $11.52. WEBTOON Entertainment shares last traded at $11.9090, with a volume of 46,094 shares changing hands.

Trending Headlines about WEBTOON Entertainment

Here are the key news stories impacting WEBTOON Entertainment this week:

Analyst Ratings Changes

A number of equities analysts have commented on WBTN shares. 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. Weiss Ratings reissued a “sell (d-)” rating on shares of WEBTOON Entertainment in a report on Monday, April 20th. Evercore reaffirmed an “outperform” rating and issued a $15.00 target price on shares of WEBTOON Entertainment in a research report on Wednesday, March 4th. HSBC cut WEBTOON Entertainment from a “buy” rating to a “hold” rating and set a $11.50 target price on the stock. in a research note on Wednesday, March 4th. Finally, Wall Street Zen lowered shares of WEBTOON Entertainment from a “hold” rating to a “sell” rating in a research report on Monday, March 2nd. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, WEBTOON Entertainment presently has a consensus rating of “Hold” and an average target price of $15.07.

Check Out Our Latest Report on WEBTOON Entertainment

WEBTOON Entertainment Stock Performance

The firm has a market capitalization of $1.67 billion, a P/E ratio of -4.68 and a beta of 2.59. The business has a fifty day moving average of $10.67 and a 200-day moving average of $12.52.

Institutional Investors Weigh In On WEBTOON Entertainment

Hedge funds and other institutional investors have recently modified their holdings of the stock. Rockefeller Capital Management L.P. acquired a new stake in WEBTOON Entertainment in the fourth quarter worth about $27,000. FNY Investment Advisers LLC bought a new stake in shares of WEBTOON Entertainment during the 3rd quarter worth about $39,000. Parallel Advisors LLC lifted its stake in shares of WEBTOON Entertainment by 620.4% in the 1st quarter. Parallel Advisors LLC now owns 4,445 shares of the company’s stock worth $41,000 after acquiring an additional 3,828 shares during the period. State of Alaska Department of Revenue bought a new position in shares of WEBTOON Entertainment in the third quarter valued at approximately $55,000. Finally, BNP Paribas Financial Markets boosted its holdings in shares of WEBTOON Entertainment by 103.4% in the third 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.

About WEBTOON Entertainment

(Get Free Report)

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.

Further Reading

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