Wall Street Zen Downgrades WEBTOON Entertainment (NASDAQ:WBTN) to Sell

WEBTOON Entertainment (NASDAQ:WBTN) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Saturday.

Other analysts have also recently issued reports about the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of WEBTOON Entertainment in a research note on Wednesday, January 21st. UBS Group downgraded shares of WEBTOON Entertainment from a “buy” rating to a “neutral” rating in a report on Friday, November 14th. Zacks Research cut shares of WEBTOON Entertainment from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 20th. Finally, Evercore cut their target price on WEBTOON Entertainment from $23.00 to $20.00 and set an “outperform” rating on the stock in a report on Thursday, November 13th. Four research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $17.33.

WEBTOON Entertainment Price Performance

Shares of WEBTOON Entertainment stock opened at $10.61 on Friday. The firm has a market cap of $1.39 billion, a price-to-earnings ratio of -10.50 and a beta of 1.92. The stock has a 50-day simple moving average of $12.73 and a 200-day simple moving average of $14.61. WEBTOON Entertainment has a 52-week low of $6.75 and a 52-week high of $22.47.

Institutional Investors Weigh In On WEBTOON Entertainment

A number of hedge funds have recently bought and sold shares of the company. FNY Investment Advisers LLC bought a new position in shares of WEBTOON Entertainment in the third quarter worth about $39,000. CWM LLC grew its holdings in WEBTOON Entertainment by 649.0% in the 2nd quarter. CWM LLC now owns 4,674 shares of the company’s stock valued at $42,000 after buying an additional 4,050 shares during the last quarter. State of Alaska Department of Revenue acquired a new stake in WEBTOON Entertainment in the 3rd quarter valued at approximately $55,000. BNP Paribas Financial Markets increased its position in WEBTOON Entertainment by 103.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,548 shares of the company’s stock worth $69,000 after buying an additional 1,804 shares during the period. Finally, Chung Wu Investment Group LLC acquired a new position in shares of WEBTOON Entertainment during the third quarter worth approximately $78,000.

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.