WEBTOON Entertainment (NASDAQ:WBTN) Upgraded to "Sell" at Wall Street Zen

Key Points

• Wall Street Zen upgraded WEBTOON Entertainment from “strong sell” to “sell,” while broader analyst sentiment remains “Hold” with an average price target of $13.70.
• WEBTOON reported quarterly EPS of $0.04, beating the expected $0.07 loss, but revenue of $338.47 million missed estimates and declined 2.8% year over year. Analysts expect a full-year loss of $0.12 per share.
• Shares opened at $10.24, with a $1.39 billion market capitalization and a 52-week range of $7.85 to $22.47; the stock’s negative net margin was 25.09%.

WEBTOON Entertainment (NASDAQ:WBTN - Get Free Report) was upgraded by analysts at Wall Street Zen from a "strong sell" rating to a "sell" rating in a research report issued on Monday.

WBTN has been the subject of several other reports. Weiss Ratings restated a "sell (d-)" rating on shares of WEBTOON Entertainment in a research report on Friday, July 17th. Evercore reiterated an "outperform" rating and issued a $12.00 price target on shares of WEBTOON Entertainment in a research note on Tuesday, August 11th. Finally, JPMorgan Chase & Co. lowered their price target on WEBTOON Entertainment from $11.00 to $10.00 and set a "neutral" rating for the company in a report on Tuesday, August 11th. Two equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, WEBTOON Entertainment has an average rating of "Hold" and an average target price of $13.70.

WEBTOON Entertainment Price Performance

WEBTOON Entertainment stock opened at $10.24 on Monday. The stock has a market cap of $1.39 billion, a P/E ratio of -3.89 and a beta of 2.56. WEBTOON Entertainment has a twelve month low of $7.85 and a twelve month high of $22.47. The company's 50-day moving average price is $10.04 and its two-hundred day moving average price is $10.75.

WEBTOON Entertainment (NASDAQ:WBTN - Get Free Report) last issued its quarterly earnings data on Monday, August 10th. The company reported $0.04 EPS for the quarter, beating analysts' consensus estimates of ($0.07) by $0.11. The firm had revenue of $338.47 million for the quarter, compared to analyst estimates of $339.89 million. WEBTOON Entertainment had a positive return on equity of 2.10% and a negative net margin of 25.09%.The company's revenue for the quarter was down 2.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.07 EPS. Equities analysts anticipate that WEBTOON Entertainment will post -0.12 earnings per share for the current fiscal year.

Hedge Funds Weigh In On WEBTOON Entertainment

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Brandywine Global Investment Management LLC acquired a new stake in WEBTOON Entertainment during the 4th quarter worth about $3,903,000. Dimensional Fund Advisors LP lifted its stake in shares of WEBTOON Entertainment by 20.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 16,044 shares of the company's stock valued at $209,000 after purchasing an additional 2,677 shares during the period. Marshall Wace LLP bought a new stake in shares of WEBTOON Entertainment during the 2nd quarter valued at about $206,000. Invesco Ltd. bought a new stake in shares of WEBTOON Entertainment during the 1st quarter valued at about $123,000. Finally, Bank of America Corp DE acquired a new stake in WEBTOON Entertainment during the second quarter worth approximately $470,000.

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.

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