Analysts Set WEBTOON Entertainment Inc. (NASDAQ:WBTN) Target Price at $17.33

WEBTOON Entertainment Inc. (NASDAQ:WBTN) has earned an average recommendation of “Hold” from the nine analysts that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $17.3333.

A number of brokerages have recently weighed in on WBTN. Wall Street Zen downgraded WEBTOON Entertainment from a “hold” rating to a “sell” rating in a research note on Saturday. Weiss Ratings reissued a “sell (d-)” rating on shares of WEBTOON Entertainment in a research report on Wednesday, January 21st. Zacks Research downgraded WEBTOON Entertainment from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 20th. UBS Group lowered shares of WEBTOON Entertainment from a “buy” rating to a “neutral” rating in a research report on Friday, November 14th. Finally, Evercore decreased their price objective on shares of WEBTOON Entertainment from $23.00 to $20.00 and set an “outperform” rating on the stock in a research report on Thursday, November 13th.

Institutional Investors Weigh In On WEBTOON Entertainment

A number of institutional investors have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in WEBTOON Entertainment by 8.6% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,816 shares of the company’s stock valued at $89,000 after buying an additional 774 shares during the period. BNP Paribas Financial Markets increased its position 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 buying an additional 1,804 shares during the period. FNY Investment Advisers LLC bought a new position in shares of WEBTOON Entertainment in the 3rd quarter worth approximately $39,000. CWM LLC raised its holdings in WEBTOON Entertainment by 54.1% in the third quarter. CWM LLC now owns 7,204 shares of the company’s stock worth $140,000 after purchasing an additional 2,530 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in WEBTOON Entertainment by 20.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 16,044 shares of the company’s stock valued at $209,000 after acquiring an additional 2,677 shares during the period.

WEBTOON Entertainment Price Performance

Shares of NASDAQ WBTN opened at $10.61 on Wednesday. The company has a 50-day moving average price of $12.73 and a 200-day moving average price of $14.55. The stock has a market capitalization of $1.39 billion, a P/E ratio of -10.50 and a beta of 1.92. WEBTOON Entertainment has a 1 year low of $6.75 and a 1 year high of $22.47.

WEBTOON Entertainment (NASDAQ:WBTN) last posted its earnings results on Wednesday, November 12th. The company reported $0.04 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.04. WEBTOON Entertainment had a negative return on equity of 2.14% and a negative net margin of 9.28%.The company had revenue of $378.04 million for the quarter, compared to analyst estimates of $385.21 million. During the same quarter last year, the company earned $0.15 earnings per share. The company’s revenue for the quarter was up 8.7% on a year-over-year basis. As a group, equities research analysts anticipate that WEBTOON Entertainment will post -0.26 earnings per share for the current fiscal year.

WEBTOON Entertainment Company Profile

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.