WEBTOON Entertainment Inc. (WBTN) - What Are Researchers Saying About This Stock?

Key Points

• Analysts remain cautious: WEBTOON Entertainment has a consensus “Hold” rating, with five holds, one sell and one buy. The average 12-month price target is $10.88.
• Recent performance is mixed: Shares opened at $9.24 and remain well below their 52-week high of $18.93. The company beat quarterly EPS estimates at $0.04 but reported a 2.8% year-over-year revenue decline and a negative 25.09% net margin.
• Price targets have diverged: JPMorgan lowered its target to $10 and maintained a neutral rating, while Evercore reiterated an outperform rating with a $12 target; other firms maintained sell-oriented views.

WEBTOON Entertainment Inc. (NASDAQ:WBTN - Get Free Report) has earned an average rating of "Hold" from the seven analysts that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $10.88.

Several research firms recently weighed in on WBTN. Wall Street Zen upgraded WEBTOON Entertainment from a "strong sell" rating to a "sell" rating in a research note on Monday, August 31st. Weiss Ratings reiterated a "sell (d-)" rating on shares of WEBTOON Entertainment in a research note on Thursday. JPMorgan Chase & Co. lowered their price objective on WEBTOON Entertainment from $11.00 to $10.00 and set a "neutral" rating for the company in a research note on Tuesday, August 11th. Finally, Evercore reissued an "outperform" rating and issued a $12.00 target price on shares of WEBTOON Entertainment in a report on Tuesday, August 11th.

WEBTOON Entertainment Stock Performance

Shares of WBTN opened at $9.24 on Tuesday. The stock has a market cap of $1.25 billion, a PE ratio of -3.51 and a beta of 2.57. WEBTOON Entertainment has a fifty-two week low of $7.85 and a fifty-two week high of $18.93. The firm's 50-day simple moving average is $9.97 and its two-hundred day simple moving average is $10.81.

WEBTOON Entertainment (NASDAQ:WBTN - Get Free Report) last announced its earnings results 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 negative net margin of 25.09% and a positive return on equity of 2.10%. The business had revenue of $338.47 million during the quarter, compared to the consensus estimate of $339.89 million. During the same quarter last year, the firm earned $0.07 earnings per share. The business's revenue for the quarter was down 2.8% on a year-over-year basis. Equities research analysts predict that WEBTOON Entertainment will post -0.12 EPS for the current year.

Hedge Funds Weigh In On WEBTOON Entertainment

Several institutional investors and hedge funds have recently modified their holdings of WBTN. State of Alaska Department of Revenue grew its position in WEBTOON Entertainment by 135.0% during the 3rd quarter. State of Alaska Department of Revenue now owns 6,760 shares of the company's stock valued at $72,000 after purchasing an additional 3,883 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new position in WEBTOON Entertainment in the second quarter worth about $244,000. Bank of America Corp DE purchased a new position in WEBTOON Entertainment in the second quarter worth about $470,000. The Manufacturers Life Insurance Company purchased a new position in WEBTOON Entertainment in the second quarter worth about $117,000. Finally, Ieq Capital LLC bought a new position in shares of WEBTOON Entertainment in the second quarter worth approximately $149,000.

About WEBTOON Entertainment

WEBTOON Entertainment Inc is a global digital entertainment company that operates platforms for webcomics, web novels and other serialized storytelling content. Its flagship WEBTOON platform connects creators with readers through mobile and online services, offering a broad catalog of original and user-generated series across genres such as romance, fantasy, drama, action and comedy.

The company's business includes digital content distribution, advertising, paid content and intellectual-property licensing.

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