Brokerages Set WEBTOON Entertainment Inc. (NASDAQ:WBTN) Price Target at $17.33

WEBTOON Entertainment Inc. (NASDAQ:WBTN) has been assigned a consensus recommendation of “Hold” from the nine ratings firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $17.3333.

A number of brokerages have commented on WBTN. JPMorgan Chase & Co. increased their price objective on WEBTOON Entertainment from $14.00 to $22.00 and gave the company a “neutral” rating in a research report on Tuesday, September 16th. Zacks Research lowered WEBTOON Entertainment from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 20th. Evercore ISI lowered their price objective on WEBTOON Entertainment from $23.00 to $20.00 and set an “outperform” rating for the company in a research report on Thursday, November 13th. Deutsche Bank Aktiengesellschaft boosted their price objective on WEBTOON Entertainment from $18.00 to $25.00 and gave the stock a “buy” rating in a report on Tuesday, September 16th. Finally, UBS Group lowered shares of WEBTOON Entertainment from a “buy” rating to a “neutral” rating in a research note on Friday, November 14th.

Institutional Trading of WEBTOON Entertainment

A number of institutional investors have recently bought and sold shares of the business. Bank of America Corp DE lifted its holdings in shares of WEBTOON Entertainment by 966.9% during the 2nd quarter. Bank of America Corp DE now owns 823,708 shares of the company’s stock valued at $7,479,000 after purchasing an additional 746,505 shares in the last quarter. Marshall Wace LLP raised its holdings in WEBTOON Entertainment by 1,281.8% during the 3rd quarter. Marshall Wace LLP now owns 313,137 shares of the company’s stock worth $6,078,000 after buying an additional 290,476 shares during the period. Optimize Financial Inc acquired a new stake in WEBTOON Entertainment during the 1st quarter worth approximately $1,132,000. Norges Bank bought a new position in WEBTOON Entertainment in the second quarter valued at approximately $1,271,000. Finally, Jane Street Group LLC acquired a new position in shares of WEBTOON Entertainment in the first quarter valued at approximately $619,000.

WEBTOON Entertainment Trading Up 1.0%

WBTN opened at $13.20 on Tuesday. WEBTOON Entertainment has a 1-year low of $6.75 and a 1-year high of $22.47. The stock has a market capitalization of $1.73 billion, a PE ratio of -13.07 and a beta of 1.90. The firm has a 50-day moving average price of $14.85 and a two-hundred day moving average price of $13.68.

WEBTOON Entertainment (NASDAQ:WBTN) last released its quarterly earnings results on Wednesday, November 12th. The company reported $0.04 EPS for the quarter, meeting the consensus estimate of $0.04. WEBTOON Entertainment had a negative net margin of 9.28% and a negative return on equity of 2.14%. The business had revenue of $378.04 million for the quarter, compared to analysts’ expectations of $385.21 million. During the same period in the prior year, the firm earned $0.15 earnings per share. WEBTOON Entertainment’s revenue was up 8.7% compared to the same quarter last year. On average, research analysts predict that WEBTOON Entertainment will post -0.26 EPS for the current year.

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.