WEBTOON Entertainment Inc. (NASDAQ:WBTN - Get Free Report) saw a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 2,750,000 shares, a decline of 20.5% from the August 15th total of 3,460,000 shares. Based on an average trading volume of 628,000 shares, the short-interest ratio is presently 4.4 days. Approximately 17.7% of the shares of the company are sold short. Approximately 17.7% of the shares of the company are sold short. Based on an average trading volume of 628,000 shares, the short-interest ratio is presently 4.4 days.
WEBTOON Entertainment Stock Performance
Shares of NASDAQ:WBTN traded up $0.21 on Friday, reaching $21.31. The company's stock had a trading volume of 2,025,151 shares, compared to its average volume of 1,220,208. The company has a 50-day simple moving average of $13.03 and a 200 day simple moving average of $10.22. The company has a market cap of $2.78 billion, a P/E ratio of -27.68 and a beta of 1.34. WEBTOON Entertainment has a 52-week low of $6.75 and a 52-week high of $22.47.
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 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 business had revenue of $348.27 million for the quarter, compared to the consensus estimate of $341.63 million. During the same period in the prior year, the business posted $0.20 earnings per share. The company's quarterly revenue was up 8.5% compared to the same quarter last year. WEBTOON Entertainment has set its Q3 2025 guidance at EPS. On average, equities research analysts forecast that WEBTOON Entertainment will post -0.26 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several research analysts have issued reports on WBTN shares. Deutsche Bank Aktiengesellschaft raised their target price on WEBTOON Entertainment from $18.00 to $25.00 and gave the stock a "buy" rating in a research report on Tuesday, September 16th. Wall Street Zen raised shares of WEBTOON Entertainment from a "strong sell" rating to a "hold" rating in a report on Saturday, August 16th. Zacks Research raised shares of WEBTOON Entertainment from a "hold" rating to a "strong-buy" rating in a report on Monday, August 25th. Evercore ISI increased their price target on shares of WEBTOON Entertainment from $20.00 to $23.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 13th. Finally, Morgan Stanley upped their price objective on WEBTOON Entertainment from $10.00 to $11.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 13th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $17.83.
Check Out Our Latest Report on WBTN
Institutional Investors Weigh In On WEBTOON Entertainment
Several large investors have recently modified their holdings of the business. Signaturefd LLC boosted its stake in WEBTOON Entertainment by 59.6% in the 2nd quarter. Signaturefd LLC now owns 3,375 shares of the company's stock worth $31,000 after purchasing an additional 1,261 shares in the last quarter. Deutsche Bank AG acquired a new stake in WEBTOON Entertainment during the 4th quarter worth about $54,000. CWM LLC grew its stake in WEBTOON Entertainment by 649.0% during the 2nd quarter. CWM LLC now owns 4,674 shares of the company's stock valued at $42,000 after purchasing an additional 4,050 shares during the last quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych acquired a new position in shares of WEBTOON Entertainment in the first quarter valued at about $58,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of WEBTOON Entertainment by 8.6% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,816 shares of the company's stock worth $89,000 after purchasing an additional 774 shares during the last quarter.
About WEBTOON Entertainment
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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.
Further Reading
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