WEBTOON Entertainment (NASDAQ:WBTN) Rating Increased to Hold at Wall Street Zen

Key Points

• WEBTOON Entertainment (NASDAQ: WBTN) was upgraded from a "strong sell" to a "hold" rating by Wall Street Zen, reflecting a more optimistic outlook for the company.
• Analysts have set varied price targets for WEBTOON, with Morgan Stanley at $11.00, Evercore ISI at $23.00, and Goldman Sachs at $15.00, leading to a current average target of $15.43.
• WEBTOON reported a quarterly revenue of $348.27 million with an earnings per share (EPS) of $0.07, beating expectations and showing an 8.5% increase from the previous year.

WEBTOON Entertainment (NASDAQ:WBTN - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "strong sell" rating to a "hold" rating in a report released on Saturday.

Other analysts have also issued reports about the stock. The Goldman Sachs Group boosted their price objective on shares of WEBTOON Entertainment from $11.00 to $15.00 and gave the company a "buy" rating in a report on Wednesday, August 13th. Citigroup began coverage on shares of WEBTOON Entertainment in a report on Thursday, May 15th. They issued a "buy" rating and a $11.00 price objective on the stock. Evercore ISI boosted their price objective on shares of WEBTOON Entertainment from $20.00 to $23.00 and gave the company an "outperform" rating in a report on Wednesday, August 13th. Finally, Morgan Stanley boosted their price objective on shares of WEBTOON Entertainment from $10.00 to $11.00 and gave the company an "equal weight" rating in a report on Wednesday, August 13th. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, WEBTOON Entertainment has a consensus rating of "Moderate Buy" and an average target price of $15.43.

WEBTOON Entertainment Trading Up 4.1%

WBTN traded up $0.59 on Friday, hitting $15.05. The company had a trading volume of 813,614 shares, compared to its average volume of 1,247,784. The firm has a market cap of $1.97 billion, a P/E ratio of -19.55 and a beta of 1.12. WEBTOON Entertainment has a 1 year low of $6.75 and a 1 year high of $18.45. The company's fifty day moving average price is $10.03 and its 200 day moving average price is $9.46.

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

Hedge Funds Weigh In On WEBTOON Entertainment

Institutional investors and hedge funds have recently made changes to their positions in the stock. Signaturefd LLC grew its position in shares of WEBTOON Entertainment by 59.6% during the second quarter. Signaturefd LLC now owns 3,375 shares of the company's stock worth $31,000 after buying an additional 1,261 shares in the last quarter. Deutsche Bank AG acquired a new position in shares of WEBTOON Entertainment during the fourth quarter worth about $54,000. CWM LLC grew its position in shares of WEBTOON Entertainment by 649.0% during the second quarter. CWM LLC now owns 4,674 shares of the company's stock worth $42,000 after buying an additional 4,050 shares in the last quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych acquired a new position in shares of WEBTOON Entertainment during the first quarter worth about $58,000. Finally, Wells Fargo & Company MN boosted 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 purchasing an additional 2,240 shares in the last quarter.

About WEBTOON Entertainment

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.