Analysts Set WEBTOON Entertainment Inc. (NASDAQ:WBTN) Target Price at $15.75

Shares of WEBTOON Entertainment Inc. (NASDAQ:WBTN) have received a consensus rating of “Hold” from the nine analysts that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $15.75.

A number of equities analysts recently issued reports on WBTN shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of WEBTOON Entertainment in a research report on Monday, April 20th. Evercore restated an “outperform” rating and set a $15.00 price objective on shares of WEBTOON Entertainment in a research report on Wednesday, March 4th. HSBC lowered shares of WEBTOON Entertainment from a “buy” rating to a “hold” rating and set a $11.50 price objective for the company. in a research report on Wednesday, March 4th. The Goldman Sachs Group restated a “neutral” rating and set a $10.00 price objective on shares of WEBTOON Entertainment in a research report on Thursday, March 5th. Finally, Wall Street Zen upgraded shares of WEBTOON Entertainment from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th.

Hedge Funds Weigh In On WEBTOON Entertainment

Several large investors have recently made changes to their positions in the business. The Manufacturers Life Insurance Company bought a new position in shares of WEBTOON Entertainment during the 1st quarter valued at about $145,000. Parallel Advisors LLC boosted its position 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 valued at $41,000 after purchasing an additional 3,828 shares in the last quarter. Abel Hall LLC bought a new position in shares of WEBTOON Entertainment during the 1st quarter valued at about $110,000. Generali Investments Towarzystwo Funduszy Inwestycyjnych boosted its position 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 valued at $78,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Rockefeller Capital Management L.P. purchased a new stake in WEBTOON Entertainment during the fourth quarter valued at about $27,000.

WEBTOON Entertainment Stock Up 0.3%

Shares of WBTN opened at $11.98 on Friday. The firm has a 50-day moving average price of $11.23 and a 200 day moving average price of $12.02. The firm has a market capitalization of $1.62 billion, a PE ratio of -4.70 and a beta of 2.59. WEBTOON Entertainment has a 52-week low of $8.16 and a 52-week high of $22.47.

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.