WEBTOON Entertainment Inc. (NASDAQ:WBTN) Given Average Rating of “Hold” by Brokerages

Shares of WEBTOON Entertainment Inc. (NASDAQ:WBTN) have earned a consensus rating of “Hold” from the ten ratings firms that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $15.0714.

WBTN has been the subject of several recent analyst reports. Wall Street Zen lowered shares of WEBTOON Entertainment from a “hold” rating to a “sell” rating in a report on Monday, March 2nd. HSBC lowered shares of WEBTOON Entertainment from a “buy” rating to a “hold” rating and set a $11.50 price target for the company. in a report on Wednesday, March 4th. Evercore reissued an “outperform” rating and issued a $15.00 price target on shares of WEBTOON Entertainment in a report on Wednesday, March 4th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of WEBTOON Entertainment in a report on Monday, April 20th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $10.00 target price on shares of WEBTOON Entertainment in a report on Thursday, March 5th.

WEBTOON Entertainment Stock Performance

Shares of NASDAQ WBTN opened at $13.24 on Monday. The firm has a market cap of $1.78 billion, a PE ratio of -5.00 and a beta of 2.60. The firm has a fifty day moving average of $10.47 and a 200 day moving average of $12.76. WEBTOON Entertainment has a one year low of $7.82 and a one year high of $22.47.

Institutional Investors Weigh In On WEBTOON Entertainment

A number of large investors have recently modified their holdings of WBTN. FNY Investment Advisers LLC acquired a new position in shares of WEBTOON Entertainment during the 3rd quarter worth approximately $39,000. Rockefeller Capital Management L.P. acquired a new position in shares of WEBTOON Entertainment during the 4th quarter worth approximately $27,000. State of Alaska Department of Revenue acquired a new position in shares of WEBTOON Entertainment during the 3rd quarter worth approximately $55,000. BNP Paribas Financial Markets boosted its holdings in shares of WEBTOON Entertainment by 103.4% during the 3rd 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 during the last quarter. Finally, Chung Wu Investment Group LLC acquired a new position in shares of WEBTOON Entertainment during the 3rd quarter worth approximately $78,000.

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.