Nuveen LLC purchased a new stake in WEBTOON Entertainment Inc. (NASDAQ:WBTN - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 18,931 shares of the company's stock, valued at approximately $145,000.
Other institutional investors have also recently modified their holdings of the company. Deutsche Bank AG acquired a new position in shares of WEBTOON Entertainment during the 4th quarter worth $54,000. Generali Investments Towarzystwo Funduszy Inwestycyjnych acquired a new stake in shares of WEBTOON Entertainment in the first quarter valued at about $58,000. Wells Fargo & Company MN increased its stake in shares of WEBTOON Entertainment by 37.8% in the fourth quarter. Wells Fargo & Company MN now owns 8,168 shares of the company's stock valued at $111,000 after buying an additional 2,240 shares during the period. Invesco Ltd. bought a new stake in shares of WEBTOON Entertainment during the 1st quarter valued at about $123,000. Finally, XTX Topco Ltd bought a new stake in shares of WEBTOON Entertainment during the 1st quarter valued at about $131,000.
WEBTOON Entertainment Price Performance
Shares of NASDAQ:WBTN opened at $14.41 on Friday. WEBTOON Entertainment Inc. has a 1 year low of $6.75 and a 1 year high of $18.45. The company has a market cap of $1.88 billion, a PE ratio of -18.71 and a beta of 1.34. The stock's 50-day moving average is $11.50 and its 200 day moving average is $9.70.
WEBTOON Entertainment (NASDAQ:WBTN - Get Free Report) last posted its quarterly earnings data on Tuesday, August 12th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.05. The business had revenue of $348.27 million for the quarter, compared to analysts' expectations of $341.63 million. WEBTOON Entertainment had a negative return on equity of 0.13% and a negative net margin of 7.24%.The business's revenue was up 8.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.20 EPS. WEBTOON Entertainment has set its Q3 2025 guidance at EPS. Analysts expect that WEBTOON Entertainment Inc. will post -0.26 EPS for the current fiscal year.
Wall Street Analyst Weigh In
WBTN has been the topic of several recent research reports. Zacks Research upgraded WEBTOON Entertainment from a "hold" rating to a "strong-buy" rating in a report on Monday, August 25th. Evercore ISI increased their price target on WEBTOON Entertainment from $20.00 to $23.00 and gave the company an "outperform" rating in a research report on Wednesday, August 13th. Citigroup initiated coverage on WEBTOON Entertainment in a research report on Thursday, May 15th. They issued a "buy" rating and a $11.00 target price for the company. Morgan Stanley raised their price target on WEBTOON Entertainment from $10.00 to $11.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 13th. Finally, The Goldman Sachs Group raised their price target on WEBTOON Entertainment from $11.00 to $15.00 and gave the stock a "buy" rating in a report on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $14.17.
Get Our Latest Stock Analysis on WEBTOON Entertainment
About WEBTOON Entertainment
(
Free Report)
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.
Further Reading
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