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 report sent to investors on Saturday.

Several other analysts also recently commented on the stock. Zacks Research downgraded 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, January 21st. UBS Group cut shares of WEBTOON Entertainment from a “buy” rating to a “neutral” rating in a research report on Friday, November 14th. Finally, Evercore reduced their target price on WEBTOON Entertainment from $23.00 to $20.00 and set an “outperform” rating for the company in a report on Thursday, November 13th. Four analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $17.33.

WEBTOON Entertainment Trading Down 5.4%

NASDAQ WBTN opened at $10.61 on Friday. The business has a fifty day simple moving average of $12.68 and a 200 day simple moving average of $14.62. WEBTOON Entertainment has a 12 month low of $6.75 and a 12 month high of $22.47. The firm has a market capitalization of $1.39 billion, a P/E ratio of -10.50 and a beta of 1.92.

Institutional Investors Weigh In On WEBTOON Entertainment

Hedge funds have recently modified their holdings of the stock. FNY Investment Advisers LLC purchased a new position in WEBTOON Entertainment in the third quarter valued at approximately $39,000. CWM LLC lifted its position in shares of WEBTOON Entertainment by 649.0% during 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 during the last quarter. State of Alaska Department of Revenue bought a new position in shares of WEBTOON Entertainment during the 3rd quarter worth $55,000. BNP Paribas Financial Markets increased its holdings in 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 acquiring an additional 1,804 shares during the last quarter. Finally, Chung Wu Investment Group LLC bought a new stake in WEBTOON Entertainment in the 3rd quarter valued at about $78,000.

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.