WEBTOON Entertainment Inc. (NASDAQ:WBTN) Given Consensus Rating of "Moderate Buy" by Analysts

Shares of WEBTOON Entertainment Inc. (NASDAQ:WBTN - Get Free Report) have received an average recommendation of "Moderate Buy" from the six analysts that are covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $16.75.

A number of analysts recently issued reports on the stock. JPMorgan Chase & Co. decreased their price objective on shares of WEBTOON Entertainment from $10.00 to $9.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Morgan Stanley cut their target price on shares of WEBTOON Entertainment from $13.00 to $10.50 and set an "equal weight" rating for the company in a research report on Thursday, April 17th. Finally, The Goldman Sachs Group cut their price objective on shares of WEBTOON Entertainment from $25.00 to $15.00 and set a "buy" rating for the company in a research report on Wednesday, February 26th.

Insider Activity at WEBTOON Entertainment

In other WEBTOON Entertainment news, insider Junkoo Kim purchased 11,372 shares of the firm's stock in a transaction on Wednesday, March 19th. The shares were purchased at an average cost of $8.73 per share, with a total value of $99,277.56. Following the completion of the purchase, the insider now owns 498,812 shares of the company's stock, valued at $4,354,628.76. The trade was a 2.33% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 5.45% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Deutsche Bank AG purchased a new position in shares of WEBTOON Entertainment during the fourth quarter worth approximately $54,000. Generali Investments Towarzystwo Funduszy Inwestycyjnych purchased a new position in shares of WEBTOON Entertainment in the first quarter worth $58,000. New York State Common Retirement Fund purchased a new position in shares of WEBTOON Entertainment in the fourth quarter worth $60,000. JPMorgan Chase & Co. purchased a new position in shares of WEBTOON Entertainment in the third quarter worth $75,000. Finally, Wells Fargo & Company MN increased its stake in shares of WEBTOON Entertainment by 37.8% in the fourth quarter. Wells Fargo & Company MN now owns 8,168 shares of the company's stock worth $111,000 after buying an additional 2,240 shares during the period.

WEBTOON Entertainment Price Performance

Shares of WBTN stock traded up $0.30 on Monday, hitting $9.85. The stock had a trading volume of 459,160 shares, compared to its average volume of 425,816. The business has a 50 day moving average of $8.58 and a 200 day moving average of $10.83. The stock has a market cap of $1.28 billion and a price-to-earnings ratio of 21.41. WEBTOON Entertainment has a 12-month low of $6.75 and a 12-month high of $25.66.

WEBTOON Entertainment (NASDAQ:WBTN - Get Free Report) last posted its quarterly earnings data on Tuesday, May 13th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.02 by ($0.12). As a group, research analysts expect that WEBTOON Entertainment will post -0.26 earnings per share for the current fiscal year.

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.