WEBTOON Entertainment (NASDAQ:WBTN) Announces Quarterly Earnings Results

WEBTOON Entertainment (NASDAQ:WBTN) issued its quarterly earnings data on Tuesday. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.06), Zacks reports. WEBTOON Entertainment updated its Q1 2025 guidance to EPS.

WEBTOON Entertainment Stock Down 2.0 %

Shares of WEBTOON Entertainment stock traded down $0.20 during trading on Tuesday, reaching $10.03. 368,764 shares of the company traded hands, compared to its average volume of 274,352. WEBTOON Entertainment has a 1-year low of $9.95 and a 1-year high of $25.66. The company has a 50 day moving average price of $12.59 and a 200-day moving average price of $12.09.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. The Goldman Sachs Group lowered their target price on shares of WEBTOON Entertainment from $48.00 to $25.00 and set a “buy” rating on the stock in a report on Monday, January 27th. Morgan Stanley dropped their price objective on WEBTOON Entertainment from $17.50 to $16.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on WEBTOON Entertainment from $18.00 to $16.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $21.67.

WEBTOON Entertainment Company Profile

WEBTOON Entertainment Inc operates a storytelling platform worldwide. The company’s platform allows a community of creators and users to discover, create, and share new content. Its platform offers stories primarily in two ways, including web-comics, a graphical comic-like medium; and web-novels, which are text-based stories.