Brokerages Set WEBTOON Entertainment Inc. (NASDAQ:WBTN) PT at $26.83

WEBTOON Entertainment Inc. (NASDAQ:WBTN) has been assigned a consensus rating of “Moderate Buy” from the six ratings firms that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $26.83.

A number of research analysts recently issued reports on WBTN shares. HSBC started coverage on WEBTOON Entertainment in a report on Wednesday, September 4th. They set a “buy” rating and a $23.00 target price on the stock. Deutsche Bank Aktiengesellschaft lowered their target price on WEBTOON Entertainment from $18.00 to $16.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th.

Hedge Funds Weigh In On WEBTOON Entertainment

A number of institutional investors have recently bought and sold shares of WBTN. Federated Hermes Inc. purchased a new position in WEBTOON Entertainment in the 2nd quarter worth about $32,145,000. WINTON GROUP Ltd acquired a new stake in WEBTOON Entertainment during the 2nd quarter worth about $413,000. Hood River Capital Management LLC acquired a new stake in WEBTOON Entertainment during the 2nd quarter worth about $10,352,000. Davidson Kempner Capital Management LP acquired a new stake in WEBTOON Entertainment during the 2nd quarter worth about $1,610,000. Finally, Marshall Wace LLP acquired a new stake in WEBTOON Entertainment during the 2nd quarter worth about $1,516,000.

WEBTOON Entertainment Trading Up 0.5 %

NASDAQ:WBTN opened at $12.90 on Friday. The business’s 50-day moving average price is $11.70. WEBTOON Entertainment has a 52-week low of $10.05 and a 52-week high of $25.66.

WEBTOON Entertainment Company Profile

WEBTOON Entertainment Inc operates a storytelling platform worldwide. The company’s platform allows a community of creators and users to discover, create, and share new content. Its platform offers stories primarily in two ways, including web-comics, a graphical comic-like medium; and web-novels, which are text-based stories.