WEBTOON Entertainment Inc. (NASDAQ:WBTN) Receives Average Recommendation of “Hold” from Analysts

Shares of WEBTOON Entertainment Inc. (NASDAQ:WBTN) have earned an average recommendation of “Hold” from the eight research firms that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $13.70.

A number of research analysts have recently commented on the stock. Wall Street Zen upgraded shares of WEBTOON Entertainment from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Evercore reaffirmed an “outperform” rating and issued a $12.00 price target on shares of WEBTOON Entertainment in a research note on Tuesday. JPMorgan Chase & Co. decreased their price objective on shares of WEBTOON Entertainment from $11.00 to $10.00 and set a “neutral” rating for the company in a report on Tuesday. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of WEBTOON Entertainment in a research report on Friday, July 17th.

Institutional Trading of WEBTOON Entertainment

Several institutional investors and hedge funds have recently modified their holdings of the stock. Rockefeller Capital Management L.P. bought a new position in WEBTOON Entertainment in the fourth quarter worth approximately $27,000. Parallel Advisors LLC increased its holdings in WEBTOON Entertainment by 620.4% during the 1st quarter. Parallel Advisors LLC now owns 4,445 shares of the company’s stock worth $41,000 after purchasing an additional 3,828 shares during the period. BNP Paribas Financial Markets raised its position in WEBTOON Entertainment by 103.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,548 shares of the company’s stock valued at $69,000 after purchasing an additional 1,804 shares in the last quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych raised its position in WEBTOON Entertainment by 13.3% during the 1st quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 8,500 shares of the company’s stock valued at $78,000 after purchasing an additional 1,000 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in WEBTOON Entertainment by 8.6% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,816 shares of the company’s stock valued at $89,000 after purchasing an additional 774 shares in the last quarter.

WEBTOON Entertainment Stock Down 2.0%

WBTN stock opened at $8.63 on Thursday. WEBTOON Entertainment has a twelve month low of $7.85 and a twelve month high of $22.47. The firm has a market cap of $1.17 billion, a price-to-earnings ratio of -3.28 and a beta of 2.56. The business’s fifty day simple moving average is $10.66 and its two-hundred day simple moving average is $10.99.

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.