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

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

A number of other equities analysts have also commented on the stock. Evercore reiterated an “outperform” rating and set a $12.00 price target on shares of WEBTOON Entertainment in a report on Tuesday, August 11th. JPMorgan Chase & Co. decreased their price objective on WEBTOON Entertainment from $11.00 to $10.00 and set a “neutral” rating for the company in a report on Tuesday, August 11th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of WEBTOON Entertainment in a research report on Friday, July 17th. Two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $13.70.

WEBTOON Entertainment Price Performance

WBTN opened at $8.28 on Friday. WEBTOON Entertainment has a fifty-two week low of $7.85 and a fifty-two week high of $22.47. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of -3.15 and a beta of 2.56. The company’s 50 day moving average price is $10.53 and its two-hundred day moving average price is $10.93.

Institutional Trading of WEBTOON Entertainment

A number of large investors have recently bought and sold shares of WBTN. Rockefeller Capital Management L.P. acquired a new position in shares of WEBTOON Entertainment in the 4th quarter valued at about $27,000. BNP Paribas Financial Markets grew its stake in WEBTOON Entertainment by 103.4% during the third quarter. BNP Paribas Financial Markets now owns 3,548 shares of the company’s stock worth $69,000 after purchasing an additional 1,804 shares during the period. Parallel Advisors LLC grew its stake in WEBTOON Entertainment by 620.4% during the first quarter. Parallel Advisors LLC now owns 4,445 shares of the company’s stock worth $41,000 after purchasing an additional 3,828 shares during the period. State of Wyoming bought a new stake in WEBTOON Entertainment in the fourth quarter worth approximately $96,000. Finally, Generali Investments Towarzystwo Funduszy Inwestycyjnych increased its holdings in WEBTOON Entertainment by 13.3% in the first quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 8,500 shares of the company’s stock worth $78,000 after purchasing an additional 1,000 shares in the last quarter.

About WEBTOON Entertainment

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.