WEBTOON Entertainment Inc. (NASDAQ:WBTN) Receives $13.70 Consensus Target Price from Analysts

WEBTOON Entertainment Inc. (NASDAQ:WBTN) has received an average recommendation of “Hold” from the eight research firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $13.70.

Several equities analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of WEBTOON Entertainment in a research note on Friday, July 17th. Wall Street Zen raised shares of WEBTOON Entertainment from a “strong sell” rating to a “sell” rating in a research report on Monday, August 31st. JPMorgan Chase & Co. reduced their target price on shares of WEBTOON Entertainment from $11.00 to $10.00 and set a “neutral” rating for the company in a report on Tuesday, August 11th. Finally, Evercore reaffirmed an “outperform” rating and issued a $12.00 target price on shares of WEBTOON Entertainment in a research report on Tuesday, August 11th.

Institutional Trading of WEBTOON Entertainment

A number of hedge funds and other institutional investors have recently modified their holdings of WBTN. Rockefeller Capital Management L.P. acquired a new position in WEBTOON Entertainment during the fourth quarter valued at approximately $27,000. California State Teachers Retirement System increased its position in shares of WEBTOON Entertainment by 196.4% during the 2nd quarter. California State Teachers Retirement System now owns 2,878 shares of the company’s stock worth $33,000 after purchasing an additional 1,907 shares during the last quarter. Parallel Advisors LLC raised its stake in shares of WEBTOON Entertainment by 620.4% during the 1st quarter. Parallel Advisors LLC now owns 4,445 shares of the company’s stock worth $41,000 after purchasing an additional 3,828 shares in the last quarter. BNP Paribas Financial Markets raised its stake in shares of WEBTOON Entertainment by 103.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,548 shares of the company’s stock worth $69,000 after purchasing an additional 1,804 shares in the last quarter. 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 purchasing an additional 1,000 shares in the last quarter.

WEBTOON Entertainment Price Performance

WBTN stock opened at $9.97 on Monday. The stock has a market capitalization of $1.35 billion, a P/E ratio of -3.79 and a beta of 2.62. WEBTOON Entertainment has a fifty-two week low of $7.85 and a fifty-two week high of $22.47. The business has a 50-day moving average of $9.93 and a 200-day moving average of $10.72.

WEBTOON Entertainment (NASDAQ:WBTN) last announced its earnings results on Monday, August 10th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.11. The business had revenue of $338.47 million for the quarter, compared to analyst estimates of $339.89 million. WEBTOON Entertainment had a positive return on equity of 2.10% and a negative net margin of 25.09%.WEBTOON Entertainment’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.07 EPS. Equities analysts expect that WEBTOON Entertainment will post -0.12 EPS for the current year.

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.