Brokerages Set WEBTOON Entertainment Inc. (NASDAQ:WBTN) PT at $15.07

Shares of WEBTOON Entertainment Inc. (NASDAQ:WBTN) have been assigned a consensus rating of “Hold” from the ten ratings firms that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $15.0714.

WBTN has been the topic of a number of research analyst reports. Evercore reissued an “outperform” rating and set a $15.00 price objective on shares of WEBTOON Entertainment in a report on Wednesday, March 4th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $10.00 target price on shares of WEBTOON Entertainment in a research report on Thursday, March 5th. Weiss Ratings reiterated a “sell (d-)” rating on shares of WEBTOON Entertainment in a research note on Wednesday, January 21st. HSBC cut shares of WEBTOON Entertainment from a “buy” rating to a “hold” rating and set a $11.50 price target for the company. in a research report on Wednesday, March 4th. Finally, Wall Street Zen downgraded shares of WEBTOON Entertainment from a “hold” rating to a “sell” rating in a research note on Monday, March 2nd.

Institutional Trading of WEBTOON Entertainment

A number of large investors have recently made changes to their positions in WBTN. Walleye Capital LLC lifted its stake in WEBTOON Entertainment by 84.4% in the second quarter. Walleye Capital LLC now owns 117,263 shares of the company’s stock valued at $1,065,000 after buying an additional 53,669 shares during the last quarter. Creative Planning boosted its holdings in shares of WEBTOON Entertainment by 127.4% in the second quarter. Creative Planning now owns 66,806 shares of the company’s stock valued at $607,000 after acquiring an additional 37,422 shares during the period. Two Sigma Investments LP purchased a new position in shares of WEBTOON Entertainment during the third quarter worth approximately $472,000. Dimensional Fund Advisors LP purchased a new position in shares of WEBTOON Entertainment during the third quarter worth approximately $259,000. Finally, Sender Co & Partners Inc. acquired a new position in shares of WEBTOON Entertainment in the 3rd quarter valued at $251,000.

WEBTOON Entertainment Price Performance

WBTN stock opened at $9.75 on Thursday. The business has a 50 day moving average price of $10.46 and a 200 day moving average price of $13.73. The stock has a market cap of $1.30 billion, a price-to-earnings ratio of -3.68 and a beta of 2.08. WEBTOON Entertainment has a fifty-two week low of $6.75 and a fifty-two week high of $22.47.

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.