WEBTOON Entertainment (NASDAQ:WBTN) Downgraded to Sell Rating by Wall Street Zen

Wall Street Zen lowered shares of WEBTOON Entertainment (NASDAQ:WBTN) from a hold rating to a sell rating in a research report released on Saturday.

Other equities analysts also recently issued research reports about the stock. UBS Group downgraded shares of WEBTOON Entertainment from a “buy” rating to a “neutral” rating in a report on Friday, November 14th. Evercore lowered their target price on shares of WEBTOON Entertainment from $23.00 to $20.00 and set an “outperform” rating on the stock in a research report on Thursday, November 13th. Zacks Research downgraded shares of WEBTOON Entertainment from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 20th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of WEBTOON Entertainment in a research note on Wednesday, January 21st. Four analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, WEBTOON Entertainment has a consensus rating of “Hold” and an average target price of $17.33.

WEBTOON Entertainment Trading Down 5.4%

Shares of WBTN stock opened at $10.61 on Friday. The stock has a 50 day simple moving average of $12.73 and a 200-day simple moving average of $14.58. The company has a market cap of $1.39 billion, a price-to-earnings ratio of -10.50 and a beta of 1.92. WEBTOON Entertainment has a 12-month low of $6.75 and a 12-month high of $22.47.

WEBTOON Entertainment (NASDAQ:WBTN) last announced its quarterly earnings data on Wednesday, November 12th. The company reported $0.04 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.04. WEBTOON Entertainment had a negative return on equity of 2.14% and a negative net margin of 9.28%.The firm had revenue of $378.04 million for the quarter, compared to analyst estimates of $385.21 million. During the same quarter in the prior year, the company posted $0.15 earnings per share. WEBTOON Entertainment’s quarterly revenue was up 8.7% on a year-over-year basis. On average, equities analysts forecast that WEBTOON Entertainment will post -0.26 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. FNY Investment Advisers LLC acquired a new stake in WEBTOON Entertainment during the 3rd quarter valued at $39,000. State of Alaska Department of Revenue purchased a new stake in shares of WEBTOON Entertainment in the third quarter valued at $55,000. BNP Paribas Financial Markets boosted its stake 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 valued at $69,000 after acquiring an additional 1,804 shares during the last quarter. Chung Wu Investment Group LLC purchased a new stake in WEBTOON Entertainment during the 3rd quarter worth about $78,000. Finally, CWM LLC increased its position in WEBTOON Entertainment by 649.0% during the 2nd quarter. CWM LLC now owns 4,674 shares of the company’s stock worth $42,000 after purchasing an additional 4,050 shares in the last quarter.

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.