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

WEBTOON Entertainment Inc. (NASDAQ:WBTN) has been given a consensus recommendation of “Hold” by the nine ratings firms that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $15.75.

WBTN has been the topic of several research reports. Wall Street Zen upgraded shares of WEBTOON Entertainment from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Weiss Ratings reiterated a “sell (d-)” rating on shares of WEBTOON Entertainment in a research note on Monday, April 20th.

WEBTOON Entertainment Price Performance

Shares of WEBTOON Entertainment stock opened at $10.43 on Friday. WEBTOON Entertainment has a fifty-two week low of $8.30 and a fifty-two week high of $22.47. The firm has a fifty day moving average price of $11.72 and a two-hundred day moving average price of $11.53. The company has a market cap of $1.41 billion, a PE ratio of -4.09 and a beta of 2.48.

Institutional Trading of WEBTOON Entertainment

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

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.