WEBTOON Entertainment Inc. (NASDAQ:WBTN – Get Free Report) insider Yongsoo Kim purchased 7,800 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The stock was acquired at an average cost of $12.92 per share, for a total transaction of $100,776.00. Following the transaction, the insider now owns 110,910 shares in the company, valued at approximately $1,432,957.20. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
WEBTOON Entertainment Price Performance
Shares of WEBTOON Entertainment stock traded down $0.24 during mid-day trading on Thursday, hitting $12.37. 418,040 shares of the stock were exchanged, compared to its average volume of 648,246. WEBTOON Entertainment Inc. has a 12 month low of $11.15 and a 12 month high of $25.66.
WEBTOON Entertainment (NASDAQ:WBTN – Get Free Report) last posted its earnings results on Thursday, August 8th. The company reported $0.20 EPS for the quarter, topping the consensus estimate of ($0.72) by $0.92. The firm had revenue of $320.97 million for the quarter, compared to the consensus estimate of $340.72 million. During the same period in the prior year, the business earned ($0.01) EPS. WEBTOON Entertainment’s quarterly revenue was up .1% compared to the same quarter last year. On average, analysts forecast that WEBTOON Entertainment Inc. will post -1.31 EPS for the current fiscal year.
Hedge Funds Weigh In On WEBTOON Entertainment
Analysts Set New Price Targets
WBTN has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft dropped their price target on shares of WEBTOON Entertainment from $25.00 to $18.00 and set a “buy” rating on the stock in a research report on Monday. JPMorgan Chase & Co. initiated coverage on shares of WEBTOON Entertainment in a research report on Monday, July 22nd. They issued a “neutral” rating and a $23.00 price target on the stock. Morgan Stanley initiated coverage on shares of WEBTOON Entertainment in a research report on Monday, July 22nd. They issued an “equal weight” rating and a $23.00 price target on the stock. The Goldman Sachs Group dropped their price target on shares of WEBTOON Entertainment from $62.00 to $55.00 and set a “buy” rating on the stock in a research report on Monday. Finally, Evercore ISI dropped their target price on shares of WEBTOON Entertainment from $30.00 to $27.00 and set an “outperform” rating on the stock in a research report on Monday. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, WEBTOON Entertainment currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.20.
Check Out Our Latest Stock Analysis on WBTN
WEBTOON Entertainment Company Profile
Our Vision To be the world’s storytelling technology platform empowering creation by anyone, for everyone. WEBTOON is a global storytelling platform where a vibrant community of creators and users discover, create and share new content. We have pioneered a cultural movement by revolutionizing the storytelling format and democratizing content creation and publication.
Further Reading
- Five stocks we like better than WEBTOON Entertainment
- Utilities Stocks Explained – How and Why to Invest in Utilities
- Michael Burry’s Alibaba Bet and the Broader Market Implications
- Consumer Discretionary Stocks Explained
- Jeff Brown’s Exegesis AI Stock Picks
- What Are Dividends? Buy the Best Dividend Stocks
- Warren Buffett’s Bet: Why Berkshire Hathaway Bought Ulta Stock
Receive News & Ratings for WEBTOON Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WEBTOON Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.