WEBTOON Entertainment (NASDAQ:WBTN) Cut to “Sell” at Wall Street Zen

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

Other research analysts have also issued reports about the stock. JPMorgan Chase & Co. dropped their price target on shares of WEBTOON Entertainment from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 11th. Weiss Ratings restated a “sell (d-)” rating on shares of WEBTOON Entertainment in a research report on Friday, July 17th. Finally, Evercore reaffirmed an “outperform” rating and issued a $12.00 price objective on shares of WEBTOON Entertainment in a report on Tuesday, August 11th. Two research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, WEBTOON Entertainment currently has a consensus rating of “Hold” and an average target price of $13.70.

WEBTOON Entertainment Price Performance

WEBTOON Entertainment stock opened at $8.43 on Friday. The business has a 50 day simple moving average of $10.47 and a 200-day simple moving average of $10.90. WEBTOON Entertainment has a 12 month low of $7.85 and a 12 month high of $22.47. The stock has a market capitalization of $1.14 billion, a PE ratio of -3.21 and a beta of 2.56.

WEBTOON Entertainment (NASDAQ:WBTN) last announced its quarterly earnings data on Monday, August 10th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.11. The company had revenue of $338.47 million for the quarter, compared to analysts’ expectations of $339.89 million. WEBTOON Entertainment had a negative net margin of 25.09% and a positive return on equity of 2.10%. WEBTOON Entertainment’s revenue was down 2.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.07 EPS. As a group, equities research analysts anticipate that WEBTOON Entertainment will post -0.02 EPS for the current year.

Hedge Funds Weigh In On WEBTOON Entertainment

Several hedge funds have recently bought and sold shares of WBTN. Rockefeller Capital Management L.P. purchased a new stake in WEBTOON Entertainment during the fourth quarter worth $27,000. BNP Paribas Financial Markets grew its holdings in 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 purchasing an additional 1,804 shares during the last quarter. Parallel Advisors LLC increased its position in shares of WEBTOON Entertainment by 620.4% in the first 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. State of Wyoming purchased a new position in shares of WEBTOON Entertainment in the fourth quarter valued at $96,000. Finally, Generali Investments Towarzystwo Funduszy Inwestycyjnych raised its stake in shares of WEBTOON Entertainment by 13.3% during the 1st quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 8,500 shares of the company’s stock worth $78,000 after buying an additional 1,000 shares during the last quarter.

WEBTOON Entertainment Company Profile

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.