WEBTOON Entertainment (NASDAQ:WBTN) Releases Earnings Results, Beats Expectations By $0.06 EPS

WEBTOON Entertainment (NASDAQ:WBTN) announced its earnings results on Monday. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.06, FiscalAI reports. WEBTOON Entertainment had a negative net margin of 24.94% and a positive return on equity of 1.44%. The firm had revenue of $320.87 million for the quarter, compared to analysts’ expectations of $321.57 million.

WEBTOON Entertainment Price Performance

WEBTOON Entertainment stock traded up $0.03 during mid-day trading on Monday, reaching $13.31. The stock had a trading volume of 282,462 shares, compared to its average volume of 331,407. The company has a market capitalization of $1.79 billion, a price-to-earnings ratio of -5.02 and a beta of 2.59. The company has a 50-day moving average price of $10.59 and a two-hundred day moving average price of $12.59. WEBTOON Entertainment has a one year low of $7.82 and a one year high of $22.47.

Hedge Funds Weigh In On WEBTOON Entertainment

Hedge funds have recently bought and sold shares of the company. 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. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted 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 acquiring an additional 774 shares during the period. State of Wyoming bought a new position in WEBTOON Entertainment during the 4th quarter valued at about $96,000. Invesco Ltd. bought a new position in WEBTOON Entertainment during the 1st quarter valued at about $123,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in WEBTOON Entertainment during the 1st quarter valued at about $129,000.

Analysts Set New Price Targets

A number of analysts have recently commented on WBTN shares. Weiss Ratings restated a “sell (d-)” rating on shares of WEBTOON Entertainment in a report on Monday, April 20th. Wall Street Zen cut shares of WEBTOON Entertainment from a “hold” rating to a “sell” rating in a report on Monday, March 2nd. The Goldman Sachs Group restated a “neutral” rating and set a $10.00 target price on shares of WEBTOON Entertainment in a report on Thursday, March 5th. Evercore restated an “outperform” rating and set a $15.00 target price on shares of WEBTOON Entertainment in a report on Wednesday, March 4th. Finally, HSBC cut 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. Three research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $15.07.

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.