WEBTOON Entertainment (NASDAQ:WBTN) Shares Gap Down After Analyst Downgrade

WEBTOON Entertainment Inc. (NASDAQ:WBTN) gapped down prior to trading on Thursday after Evercore ISI lowered their price target on the stock from $23.00 to $20.00. The stock had previously closed at $16.82, but opened at $12.70. Evercore ISI currently has an outperform rating on the stock. WEBTOON Entertainment shares last traded at $12.7450, with a volume of 861,395 shares traded.

Several other equities research analysts also recently issued reports on the stock. Morgan Stanley raised their price objective on shares of WEBTOON Entertainment from $10.00 to $11.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 13th. Weiss Ratings reiterated a “sell (d-)” rating on shares of WEBTOON Entertainment in a report on Wednesday, October 8th. Zacks Research upgraded WEBTOON Entertainment from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. The Goldman Sachs Group lifted their price target on WEBTOON Entertainment from $11.00 to $15.00 and gave the company a “buy” rating in a research report on Wednesday, August 13th. Finally, Wall Street Zen upgraded shares of WEBTOON Entertainment from a “strong sell” rating to a “hold” rating in a report on Saturday, August 16th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $17.33.

Institutional Trading of WEBTOON Entertainment

Several institutional investors have recently made changes to their positions in WBTN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of WEBTOON Entertainment by 8.6% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,816 shares of the company’s stock worth $89,000 after buying an additional 774 shares in the last quarter. Signaturefd LLC raised its position in WEBTOON Entertainment by 59.6% in the second quarter. Signaturefd LLC now owns 3,375 shares of the company’s stock worth $31,000 after acquiring an additional 1,261 shares in the last quarter. CWM LLC grew its holdings in WEBTOON Entertainment by 54.1% in the third quarter. CWM LLC now owns 7,204 shares of the company’s stock valued at $140,000 after purchasing an additional 2,530 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of WEBTOON Entertainment by 8.3% during the 1st quarter. Bank of New York Mellon Corp now owns 35,310 shares of the company’s stock worth $271,000 after purchasing an additional 2,709 shares in the last quarter. Finally, State of Alaska Department of Revenue acquired a new position in WEBTOON Entertainment in the 3rd quarter valued at about $55,000.

WEBTOON Entertainment Price Performance

The firm has a market cap of $1.66 billion, a PE ratio of -16.49 and a beta of 1.74. The stock has a 50-day moving average price of $17.72 and a 200 day moving average price of $12.80.

WEBTOON Entertainment (NASDAQ:WBTN) last released its quarterly earnings data on Wednesday, November 12th. The company reported $0.04 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.04. WEBTOON Entertainment had a negative return on equity of 0.13% and a negative net margin of 7.24%.The business had revenue of $378.04 million during the quarter, compared to analyst estimates of $385.21 million. During the same quarter in the previous year, the firm posted $0.15 EPS. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. WEBTOON Entertainment has set its Q4 2025 guidance at EPS. As a group, equities research analysts anticipate that WEBTOON Entertainment Inc. will post -0.26 earnings per share for the current year.

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.