WEBTOON Entertainment Inc. (NASDAQ:WBTN) Receives Consensus Recommendation of “Hold” from Analysts

WEBTOON Entertainment Inc. (NASDAQ:WBTN) has been assigned a consensus recommendation of “Hold” from the ten brokerages that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $15.0714.

Several equities research analysts recently commented on WBTN shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of WEBTOON Entertainment in a research report on Wednesday, January 21st. The Goldman Sachs Group restated a “neutral” rating and set a $10.00 target price on shares of WEBTOON Entertainment in a report on Thursday, March 5th. Evercore restated an “outperform” rating and set a $15.00 target price on shares of WEBTOON Entertainment in a research report on Wednesday, March 4th. Zacks Research downgraded shares of WEBTOON Entertainment from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 20th. Finally, HSBC lowered shares of WEBTOON Entertainment from a “buy” rating to a “hold” rating and set a $11.50 price target on the stock. in a research report on Wednesday, March 4th.

WEBTOON Entertainment Stock Performance

Shares of WBTN stock opened at $9.21 on Friday. The stock has a fifty day moving average price of $11.77 and a 200 day moving average price of $14.34. The stock has a market cap of $1.23 billion, a PE ratio of -3.48 and a beta of 1.94. 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 Tuesday, March 3rd. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.01). WEBTOON Entertainment had a negative net margin of 24.94% and a positive return on equity of 1.44%. The firm had revenue of $330.69 million during the quarter, compared to analyst estimates of $336.77 million. During the same period last year, the company posted ($0.03) EPS. The firm’s revenue for the quarter was down 6.3% on a year-over-year basis. As a group, equities research analysts predict that WEBTOON Entertainment will post -0.26 earnings per share for the current year.

Hedge Funds Weigh In On WEBTOON Entertainment

Several hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE raised its holdings in shares of WEBTOON Entertainment by 966.9% in the second quarter. Bank of America Corp DE now owns 823,708 shares of the company’s stock worth $7,479,000 after acquiring an additional 746,505 shares during the last quarter. Brandywine Global Investment Management LLC acquired a new stake in shares of WEBTOON Entertainment during the fourth quarter valued at $3,903,000. Marshall Wace LLP boosted its stake in shares of WEBTOON Entertainment by 1,281.8% during the third quarter. Marshall Wace LLP now owns 313,137 shares of the company’s stock valued at $6,078,000 after acquiring an additional 290,476 shares during the last quarter. Millennium Management LLC increased its position in WEBTOON Entertainment by 329.0% during the 4th quarter. Millennium Management LLC now owns 191,048 shares of the company’s stock worth $2,489,000 after purchasing an additional 146,514 shares in the last quarter. Finally, Norges Bank purchased a new stake in WEBTOON Entertainment during the 2nd quarter worth about $1,271,000.

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.