WEBTOON Entertainment (NASDAQ:WBTN) Hits New 12-Month High After Analyst Upgrade

Key Points

• WEBTOON Entertainment's share price hit a 52-week high after JPMorgan Chase raised its price target from $14.00 to $22.00, maintaining a neutral rating.
• The company has a market capitalization of $2.50 billion and reported a positive earnings surprise, beating consensus estimates with $0.07 earnings per share for the last quarter.
• Several analysts have upgraded their ratings on WEBTOON Entertainment, with one highlighting a shift from a "strong sell" to "hold," and another giving a "strong buy" rating.

WEBTOON Entertainment Inc. (NASDAQ:WBTN - Get Free Report)'s share price hit a new 52-week high during trading on Tuesday after Deutsche Bank Aktiengesellschaft raised their price target on the stock from $18.00 to $25.00. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock. WEBTOON Entertainment traded as high as $19.70 and last traded at $19.67, with a volume of 1440751 shares trading hands. The stock had previously closed at $14.96.

A number of other equities research analysts also recently issued reports on WBTN. Zacks Research upgraded WEBTOON Entertainment from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 25th. Wall Street Zen upgraded WEBTOON Entertainment from a "strong sell" rating to a "hold" rating in a research report on Saturday, August 16th. JPMorgan Chase & Co. increased their price target on WEBTOON Entertainment from $14.00 to $22.00 and gave the stock a "neutral" rating in a report on Tuesday. Morgan Stanley increased their price target on WEBTOON Entertainment from $10.00 to $11.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 13th. Finally, The Goldman Sachs Group increased their price target on WEBTOON Entertainment from $11.00 to $15.00 and gave the stock a "buy" rating in a report on Wednesday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $17.83.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Signaturefd LLC increased its holdings in WEBTOON Entertainment by 59.6% during 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 during the period. CWM LLC increased its holdings in WEBTOON Entertainment by 649.0% during the 2nd quarter. CWM LLC now owns 4,674 shares of the company's stock worth $42,000 after purchasing an additional 4,050 shares during the period. Deutsche Bank AG purchased a new position in WEBTOON Entertainment during the 4th quarter worth $54,000. Generali Investments Towarzystwo Funduszy Inwestycyjnych purchased a new position in WEBTOON Entertainment during the 1st quarter worth $58,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in WEBTOON Entertainment by 8.6% during the 2nd 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 period.

WEBTOON Entertainment Trading Up 1.0%

The firm has a market cap of $2.78 billion, a P/E ratio of -27.68 and a beta of 1.34. The firm has a 50-day simple moving average of $13.03 and a 200-day simple moving average of $10.21.

WEBTOON Entertainment (NASDAQ:WBTN - Get Free Report) last announced its earnings results 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 business had revenue of $348.27 million for the quarter, compared to analysts' expectations of $341.63 million. WEBTOON Entertainment had a negative return on equity of 0.13% and a negative net margin of 7.24%.The business's revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.20 EPS. WEBTOON Entertainment has set its Q3 2025 guidance at EPS. Research analysts predict that WEBTOON Entertainment Inc. 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.