WEBTOON Entertainment Inc. (NASDAQ:WBTN) Receives Consensus Rating of “Hold” from Analysts

WEBTOON Entertainment Inc. (NASDAQ:WBTN) has been given an average rating of “Hold” by the nine ratings firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $17.3333.

A number of analysts recently weighed in on the stock. Evercore ISI lowered their price objective on shares of WEBTOON Entertainment from $23.00 to $20.00 and set an “outperform” rating for the company in a research note on Thursday, November 13th. Zacks Research lowered shares of WEBTOON Entertainment from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 20th. Weiss Ratings reiterated a “sell (d-)” rating on shares of WEBTOON Entertainment in a research note on Wednesday. Finally, UBS Group lowered shares of WEBTOON Entertainment from a “buy” rating to a “neutral” rating in a report on Friday, November 14th.

Institutional Investors Weigh In On WEBTOON Entertainment

Hedge funds have recently made changes to their positions in the stock. Signaturefd LLC grew its stake in WEBTOON Entertainment by 59.6% in the second quarter. Signaturefd LLC now owns 3,375 shares of the company’s stock valued at $31,000 after purchasing an additional 1,261 shares during the last quarter. FNY Investment Advisers LLC purchased a new stake in shares of WEBTOON Entertainment during the third quarter valued at about $39,000. CWM LLC boosted its holdings in shares of WEBTOON Entertainment by 649.0% in the 2nd quarter. CWM LLC now owns 4,674 shares of the company’s stock valued at $42,000 after buying an additional 4,050 shares in the last quarter. State of Alaska Department of Revenue purchased a new position in shares of WEBTOON Entertainment in the 3rd quarter worth approximately $55,000. Finally, BNP Paribas Financial Markets grew its position in shares of WEBTOON Entertainment by 103.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,548 shares of the company’s stock worth $69,000 after buying an additional 1,804 shares during the last quarter.

WEBTOON Entertainment Stock Performance

WEBTOON Entertainment stock opened at $13.09 on Friday. The company has a market capitalization of $1.71 billion, a PE ratio of -12.96 and a beta of 1.92. The company has a 50 day moving average price of $13.30 and a 200-day moving average price of $14.35. WEBTOON Entertainment has a fifty-two week low of $6.75 and a fifty-two week high of $22.47.

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

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.