WEBTOON Entertainment (NASDAQ:WBTN) Downgraded by Wall Street Zen to Sell

Wall Street Zen cut shares of WEBTOON Entertainment (NASDAQ:WBTN) from a hold rating to a sell rating in a report released on Saturday morning.

Several other equities analysts have also recently issued reports on the stock. JPMorgan Chase & Co. reduced their price target on shares of WEBTOON Entertainment from $11.00 to $10.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 11th. Evercore reaffirmed an “outperform” rating and set a $12.00 price objective on shares of WEBTOON Entertainment in a research report on Tuesday. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of WEBTOON Entertainment in a report on Friday, July 17th. Two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $13.70.

WEBTOON Entertainment Trading Down 2.7%

NASDAQ:WBTN opened at $8.28 on Friday. The company has a 50-day moving average price of $10.53 and a 200-day moving average price of $10.94. WEBTOON Entertainment has a 12 month low of $7.85 and a 12 month high of $22.47. The stock has a market cap of $1.12 billion, a price-to-earnings ratio of -3.15 and a beta of 2.56.

Institutional Inflows and Outflows

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

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.