Optimize Financial Inc Purchases New Position 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 acquired a new stake in shares of WEBTOON Entertainment Inc. (NASDAQ:WBTN - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 147,637 shares of the company's stock, valued at approximately $1,132,000. Optimize Financial Inc owned about 0.11% of WEBTOON Entertainment as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Wells Fargo & Company MN boosted its stake in shares of WEBTOON Entertainment by 37.8% during the fourth 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. Bank of New York Mellon Corp boosted its stake in shares of WEBTOON Entertainment by 8.3% during the first quarter. Bank of New York Mellon Corp now owns 35,310 shares of the company's stock valued at $271,000 after acquiring an additional 2,709 shares during the last quarter. Deutsche Bank AG acquired a new stake in shares of WEBTOON Entertainment during the fourth quarter valued at $54,000. Generali Investments Towarzystwo Funduszy Inwestycyjnych acquired a new stake in shares of WEBTOON Entertainment during the first quarter valued at $58,000. Finally, Northern Trust Corp boosted its stake in shares of WEBTOON Entertainment by 6.8% during the fourth quarter. Northern Trust Corp now owns 128,310 shares of the company's stock valued at $1,742,000 after acquiring an additional 8,190 shares during the last quarter.

Wall Street Analyst Weigh In

WBTN has been the topic of a number of analyst reports. Evercore ISI increased their price objective on 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 lifted their price target on WEBTOON Entertainment from $10.00 to $11.00 and gave the company an "equal weight" rating in a report on Wednesday, August 13th. Zacks Research upgraded WEBTOON Entertainment from a "hold" rating to a "strong-buy" rating in a report on Monday, August 25th. The Goldman Sachs Group lifted their price target on WEBTOON Entertainment from $11.00 to $15.00 and gave the company a "buy" rating in a report on Wednesday, August 13th. Finally, Wall Street Zen upgraded WEBTOON Entertainment from a "strong sell" rating to a "hold" rating in a report on Saturday, August 16th. One equities research 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's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $14.17.

WEBTOON Entertainment Stock Performance

WEBTOON Entertainment stock traded up $0.20 during midday trading on Friday, reaching $14.24. The stock had a trading volume of 462,211 shares, compared to its average volume of 441,539. WEBTOON Entertainment Inc. has a twelve month low of $6.75 and a twelve month high of $18.45. The stock has a market capitalization of $1.86 billion, a PE ratio of -18.49 and a beta of 1.34. The stock's 50-day simple moving average is $12.00 and its 200 day simple moving average is $9.84.

WEBTOON Entertainment (NASDAQ:WBTN - Get Free Report) last issued its earnings results on Tuesday, August 12th. The company reported $0.07 earnings per share for the quarter, beating 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 analysts' expectations of $341.63 million. During the same quarter last year, the firm earned $0.20 earnings per share. The firm's revenue for the quarter was up 8.5% compared to the same quarter last year. WEBTOON Entertainment has set its Q3 2025 guidance at EPS. Equities analysts predict that WEBTOON Entertainment Inc. will post -0.26 earnings per share for the current fiscal year.

WEBTOON Entertainment Company 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.