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

Shares of WEBTOON Entertainment Inc. (NASDAQ:WBTN) have been assigned a consensus recommendation of “Hold” from the nine analysts that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $15.75.

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

Institutional Investors Weigh In On WEBTOON Entertainment

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Parallel Advisors LLC raised its position in WEBTOON Entertainment by 620.4% in the first 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 during the period. The Manufacturers Life Insurance Company purchased a new stake in WEBTOON Entertainment in the first quarter valued at $145,000. Abel Hall LLC acquired a new stake in shares of WEBTOON Entertainment in the first quarter valued at $110,000. Generali Investments Towarzystwo Funduszy Inwestycyjnych grew its stake in shares of WEBTOON Entertainment by 13.3% in the first quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 8,500 shares of the company’s stock valued at $78,000 after buying an additional 1,000 shares in the last quarter. Finally, Rockefeller Capital Management L.P. acquired a new stake in shares of WEBTOON Entertainment in the fourth quarter valued at $27,000.

WEBTOON Entertainment Stock Performance

Shares of WEBTOON Entertainment stock opened at $11.34 on Tuesday. WEBTOON Entertainment has a one year low of $8.23 and a one year high of $22.47. The company has a market cap of $1.53 billion, a price-to-earnings ratio of -4.45 and a beta of 2.49. The business’s 50 day moving average price is $12.03 and its 200 day moving average price is $11.76.

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.