WEBTOON Entertainment (NASDAQ:WBTN) Reaches New 1-Year High on 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 reached a new 52-week high on Tuesday after JPMorgan Chase & Co. raised their price target on the stock from $14.00 to $22.00. JPMorgan Chase & Co. currently has a neutral rating on the stock. WEBTOON Entertainment traded as high as $19.70 and last traded at $19.67, with a volume of 1440751 shares changing hands. The stock had previously closed at $14.96.

Other equities analysts have also recently issued research reports about the stock. The Goldman Sachs Group boosted their price objective on shares of WEBTOON Entertainment from $11.00 to $15.00 and gave the company a "buy" rating in a research note on Wednesday, August 13th. Wall Street Zen raised shares of WEBTOON Entertainment from a "strong sell" rating to a "hold" rating in a research note on Saturday, August 16th. Zacks Research raised shares of WEBTOON Entertainment from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 25th. Morgan Stanley increased their price target on shares of WEBTOON Entertainment from $10.00 to $11.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 13th. Finally, Evercore ISI upped their price target on WEBTOON Entertainment from $20.00 to $23.00 and gave the company an "outperform" rating in a report on Wednesday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $16.33.

Institutional Trading of WEBTOON Entertainment

A number of institutional investors have recently bought and sold shares of WBTN. 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. CWM LLC boosted its stake in WEBTOON Entertainment by 649.0% in 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 in the last quarter. Deutsche Bank AG purchased a new position in WEBTOON Entertainment during the 4th quarter worth approximately $54,000. Generali Investments Towarzystwo Funduszy Inwestycyjnych purchased a new position in WEBTOON Entertainment during the 1st quarter worth approximately $58,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position 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 buying an additional 774 shares during the last quarter.

WEBTOON Entertainment Trading Up 27.7%

The company has a market capitalization of $2.50 billion, a PE ratio of -24.88 and a beta of 1.30. The business's 50-day simple moving average is $12.12 and its 200-day simple moving average is $9.89.

WEBTOON Entertainment (NASDAQ:WBTN - Get Free Report) last posted 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 during the quarter, compared to analyst estimates of $341.63 million. WEBTOON Entertainment had a negative net margin of 7.24% and a negative return on equity of 0.13%. The business's quarterly revenue was up 8.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.20 EPS. WEBTOON Entertainment has set its Q3 2025 guidance at EPS. Sell-side analysts forecast that WEBTOON Entertainment Inc. will post -0.26 EPS 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.

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