WEBTOON Entertainment Inc. (NASDAQ:WBTN) Given Average Rating of "Hold" by Brokerages

Key Points

• WEBTOON Entertainment has a consensus “Hold” rating from eight analysts: five holds, two buys and one sell. The average 12-month price target is $13.70, compared with the stock’s opening price of $10.24.
• The company reported quarterly EPS of $0.04, beating the consensus estimate of a $0.07 loss, while revenue of $338.47 million fell 2.8% year over year and slightly missed estimates.
• WEBTOON has a market capitalization of approximately $1.39 billion and trades near its 52-week low range; institutional investors, including BlackRock, recently initiated positions in the stock.

Shares of WEBTOON Entertainment Inc. (NASDAQ:WBTN - Get Free Report) have been assigned a consensus rating of "Hold" from the eight research firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $13.70.

A number of brokerages have commented on WBTN. JPMorgan Chase & Co. dropped their price objective on shares of WEBTOON Entertainment from $11.00 to $10.00 and set a "neutral" rating for the company in a research note on Tuesday, August 11th. Weiss Ratings reissued a "sell (d-)" rating on shares of WEBTOON Entertainment in a research note on Friday, July 17th. Evercore restated an "outperform" rating and set a $12.00 price objective on shares of WEBTOON Entertainment in a research report on Tuesday, August 11th. Finally, Wall Street Zen raised WEBTOON Entertainment from a "strong sell" rating to a "sell" rating in a research note on Monday.

WEBTOON Entertainment Stock Performance

Shares of NASDAQ WBTN opened at $10.24 on Monday. The company 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 52-week low of $7.85 and a 52-week high of $22.47. The firm's fifty day moving average is $10.04 and its two-hundred day moving average 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 earnings per share for the quarter, beating analysts' consensus estimates of ($0.07) by $0.11. WEBTOON Entertainment had a positive return on equity of 2.10% and a negative net margin of 25.09%.The firm had revenue of $338.47 million during the quarter, compared to analyst estimates of $339.89 million. During the same quarter last year, the business posted $0.07 earnings per share. The business's quarterly revenue was down 2.8% compared to the same quarter last year. As a group, analysts forecast that WEBTOON Entertainment will post -0.12 EPS for the current fiscal year.

Institutional Trading of WEBTOON Entertainment

A number of institutional investors have recently bought and sold shares of WBTN. Brandywine Global Investment Management LLC purchased a new position in shares of WEBTOON Entertainment during the 4th quarter worth about $3,903,000. Ieq Capital LLC purchased a new stake in WEBTOON Entertainment in the 2nd quarter worth about $149,000. PCM Encore LLC bought a new stake in WEBTOON Entertainment in the second quarter worth about $543,000. BlackRock Inc. bought a new stake in WEBTOON Entertainment in the second quarter worth about $21,629,000. Finally, Deutsche Bank AG purchased a new position in shares of WEBTOON Entertainment during the second quarter valued at approximately $237,000.

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.

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