WEBTOON Entertainment (NASDAQ:WBTN - Free Report) had its price target raised by The Goldman Sachs Group from $11.00 to $15.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a buy rating on the stock.
WBTN has been the subject of several other reports. Citigroup started coverage on shares of WEBTOON Entertainment in a research note on Thursday, May 15th. They issued a "buy" rating and a $11.00 target price for the company. Evercore ISI increased their price objective on shares of WEBTOON Entertainment from $20.00 to $23.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 13th. Finally, Morgan Stanley decreased their price target on WEBTOON Entertainment from $13.00 to $10.50 and set an "equal weight" rating for the company in a report on Thursday, April 17th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, WEBTOON Entertainment has a consensus rating of "Moderate Buy" and a consensus target price of $15.43.
Get Our Latest Report on WBTN
WEBTOON Entertainment Trading Up 2.2%
Shares of WBTN traded up $0.33 during trading hours on Wednesday, reaching $15.30. 1,126,726 shares of the company traded hands, compared to its average volume of 430,960. WEBTOON Entertainment has a 12-month low of $6.75 and a 12-month high of $18.45. The stock's fifty day moving average price is $9.66 and its 200 day moving average price is $9.37. The firm has a market cap of $2.00 billion, a price-to-earnings ratio of -19.87 and a beta of 1.12.
WEBTOON Entertainment (NASDAQ:WBTN - Get Free Report) last posted its earnings results on Tuesday, August 12th. The company reported $0.07 EPS for the quarter, beating analysts' consensus estimates of $0.02 by $0.05. The business had revenue of $348.27 million for the quarter, compared to the consensus estimate of $341.63 million. WEBTOON Entertainment had a negative net margin of 7.24% and a negative return on equity of 0.13%. The company's revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.20 EPS. On average, research analysts forecast that WEBTOON Entertainment will post -0.26 earnings per share for the current year.
Institutional Investors Weigh In On WEBTOON Entertainment
Several hedge funds and other institutional investors have recently bought and sold shares of WBTN. Ameriprise Financial Inc. acquired a new stake in WEBTOON Entertainment during the fourth quarter worth $5,033,000. Millennium Management LLC grew its holdings in shares of WEBTOON Entertainment by 1,312.2% in the fourth quarter. Millennium Management LLC now owns 224,887 shares of the company's stock valued at $3,054,000 after purchasing an additional 208,962 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of WEBTOON Entertainment by 355.7% during the fourth quarter. Renaissance Technologies LLC now owns 51,950 shares of the company's stock worth $705,000 after acquiring an additional 40,550 shares during the period. Alliancebernstein L.P. acquired a new stake in WEBTOON Entertainment in the 4th quarter valued at about $1,381,000. Finally, Wells Fargo & Company MN raised its holdings in 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 acquiring an additional 2,240 shares in the last quarter.
About WEBTOON Entertainment
(
Get 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.
Recommended Stories
Before you consider WEBTOON Entertainment, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and WEBTOON Entertainment wasn't on the list.
While WEBTOON Entertainment currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Fall 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
