WEBTOON Entertainment (NASDAQ:WBTN) Shares Down 7.6% – Should You Sell?

WEBTOON Entertainment Inc. (NASDAQ:WBTN) shares dropped 7.6% during trading on Thursday . The company traded as low as $12.63 and last traded at $12.7790. Approximately 292,051 shares traded hands during trading, a decline of 13% from the average daily volume of 337,282 shares. The stock had previously closed at $13.83.

Analysts Set New Price Targets

WBTN has been the topic of a number of analyst reports. HSBC lowered WEBTOON Entertainment from a “buy” rating to a “hold” rating and set a $11.50 price objective on the stock. in a research note on Wednesday, March 4th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $10.00 price objective on shares of WEBTOON Entertainment in a research note on Thursday, March 5th. 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 research note on Saturday. Finally, Evercore reissued an “outperform” rating and issued a $15.00 price target on shares of WEBTOON Entertainment in a research note on Wednesday, March 4th. Two analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $15.75.

WEBTOON Entertainment Trading Down 4.8%

The business has a 50 day simple moving average of $10.79 and a 200-day simple moving average of $12.41. The stock has a market capitalization of $1.64 billion, a price-to-earnings ratio of -4.74 and a beta of 2.59.

Institutional Trading of WEBTOON Entertainment

A number of hedge funds have recently added to or reduced their stakes in the business. Parallel Advisors LLC boosted its stake in WEBTOON Entertainment by 620.4% in the 1st quarter. Parallel Advisors LLC now owns 4,445 shares of the company’s stock worth $41,000 after buying an additional 3,828 shares during the last quarter. Abel Hall LLC acquired a new stake in WEBTOON Entertainment in the 1st quarter worth about $110,000. Generali Investments Towarzystwo Funduszy Inwestycyjnych boosted its stake in WEBTOON Entertainment by 13.3% in the 1st quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 8,500 shares of the company’s stock worth $78,000 after buying an additional 1,000 shares during the last quarter. Rockefeller Capital Management L.P. acquired a new position in shares of WEBTOON Entertainment in the 4th quarter valued at about $27,000. Finally, Invesco Ltd. lifted its stake in shares of WEBTOON Entertainment by 37.8% in the 4th quarter. Invesco Ltd. now owns 62,236 shares of the company’s stock valued at $811,000 after purchasing an additional 17,088 shares in the last quarter.

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.