WEBTOON Entertainment (NASDAQ:WBTN) Rating Lowered to Hold at Zacks Research

WEBTOON Entertainment (NASDAQ:WBTN) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Thursday,Zacks.com reports.

A number of other analysts have also recently weighed in on WBTN. Evercore ISI lowered their price target on shares of WEBTOON Entertainment from $23.00 to $20.00 and set an “outperform” rating on the stock in a report on Thursday, November 13th. Wall Street Zen upgraded WEBTOON Entertainment from a “strong sell” rating to a “hold” rating in a report on Saturday, August 16th. UBS Group downgraded WEBTOON Entertainment from a “buy” rating to a “neutral” rating in a research note on Friday, November 14th. Deutsche Bank Aktiengesellschaft increased their price target on WEBTOON Entertainment from $18.00 to $25.00 and gave the company a “buy” rating in a research note on Tuesday, September 16th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of WEBTOON Entertainment in a research note on Wednesday, October 8th. Four analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, WEBTOON Entertainment has an average rating of “Hold” and an average price target of $17.33.

WEBTOON Entertainment Stock Up 8.7%

WBTN stock traded up $1.09 during trading on Thursday, hitting $13.60. 975,223 shares of the company’s stock traded hands, compared to its average volume of 706,202. The business has a fifty day simple moving average of $17.48 and a two-hundred day simple moving average of $12.94. The firm has a market capitalization of $1.78 billion, a P/E ratio of -13.47 and a beta of 1.74. WEBTOON Entertainment has a 1 year low of $6.75 and a 1 year high of $22.47.

WEBTOON Entertainment (NASDAQ:WBTN) last announced its quarterly earnings results on Wednesday, November 12th. The company reported $0.04 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.04. The business had revenue of $378.04 million for the quarter, compared to the consensus estimate of $385.21 million. WEBTOON Entertainment had a negative return on equity of 2.14% and a negative net margin of 9.28%.The business’s revenue was up 8.7% compared to the same quarter last year. During the same period last year, the business posted $0.15 EPS. WEBTOON Entertainment has set its Q4 2025 guidance at EPS. On average, equities research analysts predict that WEBTOON Entertainment will post -0.26 EPS for the current fiscal year.

Institutional Investors Weigh In On WEBTOON Entertainment

A number of hedge funds and other institutional investors have recently made changes to their positions in WBTN. Bank of New York Mellon Corp lifted its stake in shares of WEBTOON Entertainment by 8.3% in the 1st quarter. Bank of New York Mellon Corp now owns 35,310 shares of the company’s stock valued at $271,000 after purchasing an additional 2,709 shares during the period. XTX Topco Ltd purchased a new stake in shares of WEBTOON Entertainment during the first quarter worth approximately $131,000. Generali Investments Towarzystwo Funduszy Inwestycyjnych acquired a new position in WEBTOON Entertainment in the 1st quarter valued at $58,000. Deutsche Bank AG lifted its holdings in WEBTOON Entertainment by 174.8% in the 1st quarter. Deutsche Bank AG now owns 11,012 shares of the company’s stock valued at $84,000 after purchasing an additional 7,005 shares in the last quarter. Finally, Invesco Ltd. acquired a new stake in WEBTOON Entertainment during the 1st quarter worth $123,000.

WEBTOON Entertainment Company Profile

WEBTOON Entertainment Inc operates a storytelling platform worldwide. The company’s platform allows a community of creators and users to discover, create, and share new content. Its platform offers stories primarily in two ways, including web-comics, a graphical comic-like medium; and web-novels, which are text-based stories.