WEBTOON Entertainment (NASDAQ:WBTN) Shares Down 3.8% – Should You Sell?

Shares of WEBTOON Entertainment Inc. (NASDAQ:WBTN) were down 3.8% on Tuesday . The company traded as low as $9.15 and last traded at $9.2260. 78,855 shares changed hands during trading, a decline of 77% from the average daily volume of 349,343 shares. The stock had previously closed at $9.59.

Analysts Set New Price Targets

A number of research firms recently commented on WBTN. Wall Street Zen lowered WEBTOON Entertainment from a “sell” rating to a “strong sell” rating in a research report on Sunday. Weiss Ratings reissued a “sell (d-)” rating on shares of WEBTOON Entertainment in a report on Friday, July 17th. JPMorgan Chase & Co. decreased 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 note on Tuesday, August 11th. Finally, Evercore restated an “outperform” rating and issued a $12.00 price objective on shares of WEBTOON Entertainment in a research report on Tuesday, August 11th. Two research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $13.70.

WEBTOON Entertainment Stock Up 10.8%

The stock’s fifty day moving average is $10.09 and its 200-day moving average is $10.77. The stock has a market cap of $1.42 billion, a price-to-earnings ratio of -3.98 and a beta of 2.56.

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

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of WBTN. Invesco Ltd. bought a new position in shares of WEBTOON Entertainment during the first quarter worth about $123,000. Jacobs Levy Equity Management Inc. acquired a new position in WEBTOON Entertainment during the 1st quarter worth approximately $228,000. Dynamic Technology Lab Private Ltd bought a new position in shares of WEBTOON Entertainment during the 1st quarter worth approximately $129,000. Jane Street Group LLC bought a new position in shares of WEBTOON Entertainment during the 1st quarter worth approximately $619,000. Finally, Geode Capital Management LLC raised its holdings in shares of WEBTOON Entertainment by 12.3% in the second quarter. Geode Capital Management LLC now owns 505,892 shares of the company’s stock valued at $4,594,000 after purchasing an additional 55,434 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.