WEBTOON Entertainment (NASDAQ:WBTN) Lowered to Hold Rating by Zacks Research

Key Points

• WEBTOON Entertainment was downgraded from a "strong-buy" to a "hold" rating by Zacks Research, reflecting a recent change in analyst sentiment.
• Despite the downgrade, other analysts have raised their target prices for the stock, with JPMorgan Chase increasing it from $14.00 to $22.00 and Deutsche Bank from $18.00 to $25.00.
• WEBTOON's shares are currently trading around $17.41, with a market cap of approximately $2.27 billion and a consensus target price of $17.83.

WEBTOON Entertainment (NASDAQ:WBTN - Get Free Report) was downgraded by Zacks Research from a "strong-buy" rating to a "hold" rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Several other equities research analysts have also recently weighed in on WBTN. JPMorgan Chase & Co. boosted their target price on WEBTOON Entertainment from $14.00 to $22.00 and gave the stock a "neutral" rating in a research note on Tuesday, September 16th. Deutsche Bank Aktiengesellschaft upped their target price on WEBTOON Entertainment from $18.00 to $25.00 and gave the company a "buy" rating in a research report on Tuesday, September 16th. Morgan Stanley upped their target price on WEBTOON Entertainment from $10.00 to $11.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 13th. Wall Street Zen raised WEBTOON Entertainment from a "strong sell" rating to a "hold" rating in a research report on Saturday, August 16th. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of WEBTOON Entertainment in a research report on Wednesday, October 8th. Four analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $17.83.

WEBTOON Entertainment Stock Down 0.2%

Shares of NASDAQ:WBTN opened at $17.41 on Monday. The firm's 50 day moving average price is $16.05 and its 200 day moving average price is $11.39. The stock has a market cap of $2.27 billion, a price-to-earnings ratio of -22.61 and a beta of 1.80. WEBTOON Entertainment has a fifty-two week low of $6.75 and a fifty-two week high of $22.47.

WEBTOON Entertainment (NASDAQ:WBTN - Get Free Report) last issued its earnings results on Tuesday, August 12th. The company reported $0.07 earnings per share 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 analysts' expectations of $341.63 million. WEBTOON Entertainment had a negative net margin of 7.24% and a negative return on equity of 0.13%. The firm's revenue was up 8.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.20 earnings per share. WEBTOON Entertainment has set its Q3 2025 guidance at EPS. On average, equities analysts anticipate that WEBTOON Entertainment will post -0.26 EPS for the current year.

Institutional Trading of WEBTOON Entertainment

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Signaturefd LLC raised its stake in WEBTOON Entertainment by 59.6% in the 2nd quarter. Signaturefd LLC now owns 3,375 shares of the company's stock valued at $31,000 after purchasing an additional 1,261 shares during the last quarter. CWM LLC boosted its holdings in shares of WEBTOON Entertainment by 649.0% in the second quarter. CWM LLC now owns 4,674 shares of the company's stock valued at $42,000 after acquiring an additional 4,050 shares in the last quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych acquired a new stake in WEBTOON Entertainment during the 1st quarter worth about $58,000. Deutsche Bank AG boosted its position in WEBTOON Entertainment by 174.8% during the first quarter. Deutsche Bank AG now owns 11,012 shares of the company's stock valued at $84,000 after purchasing an additional 7,005 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in WEBTOON Entertainment by 8.6% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,816 shares of the company's stock valued at $89,000 after buying an additional 774 shares during the last quarter.

WEBTOON Entertainment Company Profile

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.

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