WEBTOON Entertainment (NASDAQ:WBTN) Cut to “Strong Sell” at Wall Street Zen

Wall Street Zen downgraded shares of WEBTOON Entertainment (NASDAQ:WBTN) from a sell rating to a strong sell rating in a research report sent to investors on Sunday.

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

WEBTOON Entertainment Trading Down 1.5%

Shares of WBTN stock opened at $9.45 on Friday. The business’s fifty day simple moving average is $10.11 and its 200-day simple moving average is $10.77. The company has a market cap of $1.28 billion, a PE ratio of -3.59 and a beta of 2.56. WEBTOON Entertainment has a 12-month low of $7.85 and a 12-month high of $22.47.

WEBTOON Entertainment (NASDAQ:WBTN) last issued its quarterly earnings data on Monday, August 10th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.07) by $0.11. WEBTOON Entertainment had a positive return on equity of 2.10% and a negative net margin of 25.09%.The firm had revenue of $338.47 million during the quarter, compared to analyst estimates of $339.89 million. During the same quarter in the prior year, the business posted $0.07 EPS. The business’s revenue for the quarter was down 2.8% compared to the same quarter last year. On average, equities analysts forecast that WEBTOON Entertainment will post -0.12 earnings per share for the current year.

Institutional Investors Weigh In On WEBTOON Entertainment

Large investors have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in 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 acquiring an additional 774 shares during the last quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych lifted 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 worth $78,000 after acquiring an additional 1,000 shares during the period. AQR Capital Management LLC grew its stake in WEBTOON Entertainment by 1.2% during the 4th quarter. AQR Capital Management LLC now owns 90,643 shares of the company’s stock valued at $1,181,000 after purchasing an additional 1,061 shares during the last quarter. BNP Paribas Financial Markets grew its stake 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 during the last quarter. Finally, California State Teachers Retirement System increased its holdings in shares of WEBTOON Entertainment by 196.4% in the second quarter. California State Teachers Retirement System now owns 2,878 shares of the company’s stock valued at $33,000 after purchasing an additional 1,907 shares during the period.

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.