WEBTOON Entertainment Inc. (NASDAQ:WBTN) Given Average Recommendation of “Hold” by Brokerages

WEBTOON Entertainment Inc. (NASDAQ:WBTN) has been given an average rating of “Hold” by the nine ratings firms that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $17.3333.

A number of equities analysts recently weighed in on the company. UBS Group cut WEBTOON Entertainment from a “buy” rating to a “neutral” rating in a report on Friday, November 14th. Wall Street Zen cut WEBTOON Entertainment from a “hold” rating to a “sell” rating in a research report on Saturday. Evercore decreased their target price on WEBTOON Entertainment from $23.00 to $20.00 and set an “outperform” rating on the stock in a research report on Thursday, November 13th. Zacks Research cut shares of WEBTOON Entertainment from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 20th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of WEBTOON Entertainment in a report on Wednesday, January 21st.

Institutional Investors Weigh In On WEBTOON Entertainment

Several institutional investors have recently bought and sold shares of WBTN. Invesco Ltd. purchased a new stake in WEBTOON Entertainment during the 1st quarter worth approximately $123,000. Jacobs Levy Equity Management Inc. acquired a new stake in shares of WEBTOON Entertainment in the first quarter worth approximately $228,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of WEBTOON Entertainment during the first quarter worth approximately $129,000. Jane Street Group LLC acquired a new position in WEBTOON Entertainment in the 1st quarter valued at $619,000. Finally, CWM LLC raised its stake 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 purchasing an additional 4,050 shares during the last quarter.

WEBTOON Entertainment Stock Performance

Shares of WEBTOON Entertainment stock opened at $10.61 on Wednesday. The firm has a 50-day simple moving average of $12.73 and a two-hundred day simple moving average of $14.61. WEBTOON Entertainment has a fifty-two week low of $6.75 and a fifty-two week high of $22.47. The company has a market cap of $1.39 billion, a P/E ratio of -10.50 and a beta of 1.92.

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.