WEBTOON Entertainment Inc. (NASDAQ:WBTN) Receives $17.33 Consensus Price Target from Brokerages

Shares of WEBTOON Entertainment Inc. (NASDAQ:WBTN) have been assigned an average recommendation of “Hold” from the nine brokerages that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $17.3333.

A number of research firms have recently issued reports on WBTN. Evercore ISI reduced their price target on shares of WEBTOON Entertainment from $23.00 to $20.00 and set an “outperform” rating for the company in a research report on Thursday, November 13th. Weiss Ratings reiterated a “sell (d-)” rating on shares of WEBTOON Entertainment in a research note on Wednesday, October 8th. Zacks Research lowered shares of WEBTOON Entertainment from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 20th. Finally, UBS Group downgraded shares of WEBTOON Entertainment from a “buy” rating to a “neutral” rating in a research note on Friday, November 14th.

Institutional Investors Weigh In On WEBTOON Entertainment

Several institutional investors have recently made changes to their positions in WBTN. Signaturefd LLC raised its position in WEBTOON Entertainment by 59.6% during the second quarter. Signaturefd LLC now owns 3,375 shares of the company’s stock valued at $31,000 after acquiring an additional 1,261 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in shares of WEBTOON Entertainment during the 3rd quarter worth $39,000. CWM LLC raised its holdings in shares of WEBTOON Entertainment by 649.0% during the 2nd quarter. CWM LLC now owns 4,674 shares of the company’s stock valued at $42,000 after purchasing an additional 4,050 shares in the last quarter. State of Alaska Department of Revenue acquired a new stake in shares of WEBTOON Entertainment in the 3rd quarter valued at $55,000. Finally, BNP Paribas Financial Markets boosted its holdings in WEBTOON Entertainment by 103.4% in the third quarter. BNP Paribas Financial Markets now owns 3,548 shares of the company’s stock worth $69,000 after purchasing an additional 1,804 shares in the last quarter.

WEBTOON Entertainment Stock Down 1.0%

Shares of WEBTOON Entertainment stock opened at $12.79 on Friday. WEBTOON Entertainment has a 12 month low of $6.75 and a 12 month high of $22.47. The stock has a market cap of $1.67 billion, a PE ratio of -12.66 and a beta of 1.92. The business has a fifty day simple moving average of $13.28 and a 200-day simple moving average of $14.33.

WEBTOON Entertainment (NASDAQ:WBTN) last posted its quarterly earnings results on Wednesday, November 12th. The company reported $0.04 earnings per share for the quarter, meeting the consensus estimate of $0.04. WEBTOON Entertainment had a negative return on equity of 2.14% and a negative net margin of 9.28%.The firm had revenue of $378.04 million for the quarter, compared to analyst estimates of $385.21 million. During the same period in the previous year, the firm earned $0.15 earnings per share. WEBTOON Entertainment’s quarterly revenue was up 8.7% on a year-over-year basis. Analysts expect that WEBTOON Entertainment will post -0.26 EPS for the current fiscal 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.