WEBTOON Entertainment (WBTN) to Release Quarterly Earnings on Thursday

WEBTOON Entertainment (NASDAQ:WBTN) will release its earnings data after the market closes on Thursday, November 7th. Analysts expect WEBTOON Entertainment to post earnings of ($0.48) per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

WEBTOON Entertainment (NASDAQ:WBTN) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.72) by $0.92. The firm had revenue of $320.97 million for the quarter, compared to analyst estimates of $340.72 million. During the same quarter in the prior year, the firm earned ($0.01) EPS. The firm’s revenue was up .1% compared to the same quarter last year. On average, analysts expect WEBTOON Entertainment to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

WEBTOON Entertainment Price Performance

WEBTOON Entertainment stock opened at $11.17 on Tuesday. WEBTOON Entertainment has a 52 week low of $10.22 and a 52 week high of $25.66. The business has a 50 day moving average price of $11.40.

Analyst Upgrades and Downgrades

WBTN has been the subject of several recent analyst reports. Morgan Stanley decreased their target price on WEBTOON Entertainment from $23.00 to $17.00 and set an “equal weight” rating for the company in a research report on Friday, August 16th. Deutsche Bank Aktiengesellschaft lowered their target price on WEBTOON Entertainment from $25.00 to $18.00 and set a “buy” rating on the stock in a research note on Monday, August 12th. JPMorgan Chase & Co. assumed coverage on WEBTOON Entertainment in a report on Monday, July 22nd. They issued a “neutral” rating and a $23.00 target price on the stock. HSBC assumed coverage on shares of WEBTOON Entertainment in a report on Wednesday, September 4th. They set a “buy” rating and a $23.00 price target for the company. Finally, The Goldman Sachs Group dropped their price objective on shares of WEBTOON Entertainment from $62.00 to $55.00 and set a “buy” rating on the stock in a research note on Monday, August 12th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $27.17.

Insider Activity

In other news, insider Junkoo Kim acquired 22,596 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The shares were purchased at an average price of $11.88 per share, for a total transaction of $268,440.48. Following the completion of the acquisition, the insider now owns 905,070 shares of the company’s stock, valued at approximately $10,752,231.60. This represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Director Namsun Kim purchased 7,195 shares of WEBTOON Entertainment stock in a transaction on Wednesday, August 21st. The stock was bought at an average price of $13.90 per share, with a total value of $100,010.50. Following the completion of the transaction, the director now directly owns 7,195 shares of the company’s stock, valued at approximately $100,010.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Junkoo Kim purchased 22,596 shares of the firm’s stock in a transaction dated Friday, August 16th. The shares were bought at an average price of $11.88 per share, with a total value of $268,440.48. Following the purchase, the insider now owns 905,070 shares in the company, valued at $10,752,231.60. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 56,526 shares of company stock worth $710,459 in the last three months.

About WEBTOON Entertainment

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.