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

Shares of WEBTOON Entertainment Inc. (NASDAQ:WBTN) have earned a consensus recommendation of “Hold” from the nine brokerages that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $15.75.

WBTN has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of WEBTOON Entertainment in a research note on Monday, April 20th. Wall Street Zen raised WEBTOON Entertainment from a “sell” rating to a “hold” rating in a report on Saturday, May 16th.

WEBTOON Entertainment Stock Up 1.2%

NASDAQ:WBTN traded up $0.14 on Friday, reaching $11.54. 119,289 shares of the company’s stock traded hands, compared to its average volume of 295,140. The stock has a 50-day simple moving average of $11.91 and a 200-day simple moving average of $11.60. The firm has a market cap of $1.56 billion, a PE ratio of -4.53 and a beta of 2.48. WEBTOON Entertainment has a 12 month low of $8.30 and a 12 month high of $22.47.

Institutional Investors Weigh In On WEBTOON Entertainment

Several institutional investors and hedge funds have recently modified their holdings of WBTN. Brandywine Global Investment Management LLC purchased a new position in shares of WEBTOON Entertainment during the fourth quarter valued at about $3,903,000. FNY Investment Advisers LLC purchased a new stake in shares of WEBTOON Entertainment in the third quarter worth about $39,000. The Manufacturers Life Insurance Company bought a new position in WEBTOON Entertainment during the first quarter valued at approximately $145,000. Jane Street Group LLC boosted its stake in WEBTOON Entertainment by 13,685.0% during the fourth quarter. Jane Street Group LLC now owns 13,585 shares of the company’s stock valued at $177,000 after buying an additional 13,685 shares during the last quarter. Finally, State of Wyoming purchased a new position in WEBTOON Entertainment during the 4th quarter valued at approximately $96,000.

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.