WEBTOON Entertainment (NASDAQ:WBTN) Sees Large Volume Increase After Analyst Upgrade

Key Points

• WEBTOON Entertainment's stock saw a significant increase in trading volume after Deutsche Bank raised its price target from $18.00 to $25.00, with shares trading at $21.19.
• Multiple research firms have adjusted their ratings and price targets for WEBTOON Entertainment, with an average rating of "Moderate Buy" and a consensus target price of $17.83.
• The company's quarterly earnings exceeded estimates, reporting $0.07 EPS and $348.27 million in revenue, marking an 8.5% year-over-year increase.

WEBTOON Entertainment Inc. (NASDAQ:WBTN - Get Free Report) saw strong trading volume on Wednesday 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. 1,068,757 shares were traded during mid-day trading, an increase of 108% from the previous session's volume of 513,717 shares.The stock last traded at $21.19 and had previously closed at $20.80.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in WBTN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in WEBTOON Entertainment by 8.6% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,816 shares of the company's stock worth $89,000 after acquiring an additional 774 shares during the last quarter. Signaturefd LLC lifted its stake in shares of 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. Bank of New York Mellon Corp boosted its holdings in shares of WEBTOON Entertainment by 8.3% during the first quarter. Bank of New York Mellon Corp now owns 35,310 shares of the company's stock worth $271,000 after purchasing an additional 2,709 shares during the last quarter. Deutsche Bank AG purchased a new stake in shares of WEBTOON Entertainment in the fourth quarter valued at $54,000. Finally, CWM LLC grew its position 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 purchasing an additional 4,050 shares during the period.

WEBTOON Entertainment Stock Up 1.0%

The company has a 50 day moving average of $13.03 and a 200 day moving average of $10.21. The stock has a market capitalization of $2.78 billion, a price-to-earnings ratio of -27.68 and a beta of 1.34.

WEBTOON Entertainment (NASDAQ:WBTN - Get Free Report) last released its earnings results 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. The firm had revenue of $348.27 million during the quarter, compared to the consensus estimate of $341.63 million. WEBTOON Entertainment had a negative net margin of 7.24% and a negative return on equity of 0.13%. WEBTOON Entertainment's revenue was up 8.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.20 earnings per share. WEBTOON Entertainment has set its Q3 2025 guidance at EPS. On average, research analysts forecast 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.