Optimize Financial Inc Makes New Investment in WEBTOON Entertainment Inc. $WBTN

Key Points

• Optimize Financial Inc has made a significant investment of $1.13 million by acquiring 147,637 shares of WEBTOON Entertainment Inc. during the first quarter.
• Recent analyst activity shows a positive outlook for WEBTOON Entertainment, with Citigroup initiating coverage with a "buy" rating and price targets raised by several brokerages, including Goldman Sachs, which set a new price target of $15.00.
• WEBTOON Entertainment's stock performance has been notable, with shares currently trading around $14.61 and a recent quarterly earnings report showing an EPS of $0.07, beating analyst expectations.

Optimize Financial Inc purchased a new stake in WEBTOON Entertainment Inc. (NASDAQ:WBTN - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 147,637 shares of the company's stock, valued at approximately $1,132,000. Optimize Financial Inc owned about 0.11% of WEBTOON Entertainment at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of WBTN. Deutsche Bank AG acquired a new stake in WEBTOON Entertainment in the 4th quarter valued at about $54,000. Generali Investments Towarzystwo Funduszy Inwestycyjnych acquired a new stake in WEBTOON Entertainment in the 1st quarter valued at about $58,000. Wells Fargo & Company MN lifted its holdings in WEBTOON Entertainment by 37.8% in the 4th quarter. Wells Fargo & Company MN now owns 8,168 shares of the company's stock valued at $111,000 after acquiring an additional 2,240 shares during the last quarter. Invesco Ltd. acquired a new stake in WEBTOON Entertainment in the 1st quarter valued at about $123,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in WEBTOON Entertainment in the 1st quarter valued at about $129,000.

Wall Street Analysts Forecast Growth

WBTN has been the subject of a number of analyst reports. The Goldman Sachs Group upped their price objective on shares of WEBTOON Entertainment from $11.00 to $15.00 and gave the company a "buy" rating in a research note on Wednesday, August 13th. Zacks Research raised shares of WEBTOON Entertainment from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 25th. Evercore ISI upped their price objective on shares of WEBTOON Entertainment from $20.00 to $23.00 and gave the company an "outperform" rating in a research note on Wednesday, August 13th. Morgan Stanley upped their price objective on shares of WEBTOON Entertainment from $10.00 to $11.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 13th. Finally, Wall Street Zen raised shares of WEBTOON Entertainment from a "strong sell" rating to a "hold" rating in a research note on Saturday, August 16th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, WEBTOON Entertainment currently has an average rating of "Moderate Buy" and a consensus target price of $14.17.

WEBTOON Entertainment Stock Up 1.4%

Shares of WBTN traded up $0.20 during trading hours on Friday, reaching $14.24. The company's stock had a trading volume of 462,211 shares, compared to its average volume of 582,610. The firm has a market cap of $1.86 billion, a price-to-earnings ratio of -18.49 and a beta of 1.34. WEBTOON Entertainment Inc. has a 1-year low of $6.75 and a 1-year high of $18.45. The company has a 50 day moving average of $12.00 and a two-hundred day moving average of $9.85.

WEBTOON Entertainment (NASDAQ:WBTN - Get Free Report) last released its quarterly earnings data on Tuesday, August 12th. The company reported $0.07 EPS for the quarter, topping analysts' consensus estimates of $0.02 by $0.05. WEBTOON Entertainment had a negative return on equity of 0.13% and a negative net margin of 7.24%.The firm had revenue of $348.27 million for the quarter, compared to the consensus estimate of $341.63 million. During the same quarter in the prior year, the company posted $0.20 earnings per share. The firm's revenue was up 8.5% on a year-over-year basis. WEBTOON Entertainment has set its Q3 2025 guidance at EPS. As a group, analysts forecast that WEBTOON Entertainment Inc. will post -0.26 EPS for the current fiscal year.

WEBTOON Entertainment 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.