Shares of WEBTOON Entertainment Inc. (NASDAQ:WBTN - Get Free Report) have been given an average recommendation of "Hold" by the ten research firms that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is $15.0714.
Several equities research analysts have weighed in on the company. The Goldman Sachs Group reissued a "neutral" rating and set a $10.00 price objective on shares of WEBTOON Entertainment in a research note on Thursday, March 5th. Wall Street Zen cut WEBTOON Entertainment from a "hold" rating to a "sell" rating in a research note on Monday, March 2nd. HSBC cut WEBTOON Entertainment from a "buy" rating to a "hold" rating and set a $11.50 price objective on the stock. in a research note on Wednesday, March 4th. Evercore reissued an "outperform" rating and set a $15.00 price objective on shares of WEBTOON Entertainment in a research note on Wednesday, March 4th. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of WEBTOON Entertainment in a research note on Monday, April 20th.
View Our Latest Analysis on WEBTOON Entertainment
WEBTOON Entertainment Price Performance
Shares of NASDAQ WBTN opened at $11.13 on Monday. The business's 50 day moving average is $10.39 and its two-hundred day moving average is $12.83. WEBTOON Entertainment has a 1-year low of $7.82 and a 1-year high of $22.47. The stock has a market capitalization of $1.50 billion, a P/E ratio of -4.20 and a beta of 2.08.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of WBTN. Invesco Ltd. bought a new position in shares of WEBTOON Entertainment during the first quarter valued at approximately $123,000. Jacobs Levy Equity Management Inc. bought a new position in shares of WEBTOON Entertainment during the first quarter valued at approximately $228,000. Dynamic Technology Lab Private Ltd bought a new position in shares of WEBTOON Entertainment during the first quarter valued at approximately $129,000. Jane Street Group LLC bought a new position in shares of WEBTOON Entertainment during the first quarter valued at approximately $619,000. Finally, Geode Capital Management LLC grew its stake in shares of WEBTOON Entertainment by 12.3% during the second quarter. Geode Capital Management LLC now owns 505,892 shares of the company's stock valued at $4,594,000 after buying an additional 55,434 shares during the last quarter.
About WEBTOON Entertainment
(
Get Free Report)
Webtoon Entertainment Inc operates WEBTOON, a leading digital comics platform offering a diverse library of user-generated and professionally produced webcomics. The company enables creators around the world to publish serialized content in a vertical-scrolling format optimized for mobile and web consumption. Through its platform, readers can access thousands of titles across genres such as romance, fantasy, drama, and action, with both free-to-read episodes and advanced access options supported by microtransactions and advertising.
Founded as part of Naver Corporation and launched internationally in 2014, Webtoon Entertainment has grown rapidly by fostering a direct connection between comic creators and global audiences.
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