WEBTOON Entertainment (NASDAQ:WBTN) Trading 9.2% Higher - Here's What Happened

Key Points

• WEBTOON Entertainment's shares increased by 9.2%, closing at $15.55 on Monday, following a previous closing price of $14.24.
• Multiple analysts upgraded their target prices for the stock, with Goldman Sachs raising it from $11.00 to $15.00 and Evercore ISI increasing it from $20.00 to $23.00.
• The company reported better-than-expected earnings with an EPS of $0.07, surpassing estimates of $0.02, and showed an 8.5% year-over-year revenue growth.

WEBTOON Entertainment Inc. (NASDAQ:WBTN - Get Free Report) shares shot up 9.2% on Monday . The stock traded as high as $14.86 and last traded at $15.55. 92,637 shares traded hands during trading, a decline of 79% from the average session volume of 439,629 shares. The stock had previously closed at $14.24.

Analyst Ratings Changes

Several research firms recently weighed in on WBTN. Evercore ISI increased their price target on shares of WEBTOON Entertainment from $20.00 to $23.00 and gave the company an "outperform" rating in a research report on Wednesday, August 13th. Morgan Stanley increased their target price on shares of WEBTOON Entertainment from $10.00 to $11.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 13th. Wall Street Zen upgraded shares of WEBTOON Entertainment from a "strong sell" rating to a "hold" rating in a research report on Saturday, August 16th. The Goldman Sachs Group increased their target price on shares of WEBTOON Entertainment from $11.00 to $15.00 and gave the stock a "buy" rating in a research report on Wednesday, August 13th. Finally, JPMorgan Chase & Co. increased their target price on shares of WEBTOON Entertainment from $14.00 to $22.00 and gave the stock a "neutral" rating in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $17.83.

WEBTOON Entertainment Stock Up 1.0%

The stock's fifty day moving average price is $13.03 and its two-hundred day moving average price is $10.21.

WEBTOON Entertainment (NASDAQ:WBTN - Get Free Report) last announced its quarterly earnings data on Tuesday, August 12th. The company reported $0.07 earnings per share for the quarter, topping analysts' consensus estimates of $0.02 by $0.05. WEBTOON Entertainment had a negative net margin of 7.24% and a negative return on equity of 0.13%. The firm had revenue of $348.27 million during the quarter, compared to analyst estimates of $341.63 million. During the same period in the previous year, the business posted $0.20 EPS. The business's quarterly revenue was up 8.5% on a year-over-year basis. WEBTOON Entertainment has set its Q3 2025 guidance at EPS. On average, research analysts predict that WEBTOON Entertainment Inc. will post -0.26 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Hsbc Holdings PLC purchased a new stake in shares of WEBTOON Entertainment in the 1st quarter worth about $187,000. Ameriprise Financial Inc. purchased a new stake in shares of WEBTOON Entertainment in the 4th quarter worth about $5,033,000. Millennium Management LLC grew its position in WEBTOON Entertainment by 1,312.2% during the 4th quarter. Millennium Management LLC now owns 224,887 shares of the company's stock valued at $3,054,000 after purchasing an additional 208,962 shares during the last quarter. XTX Topco Ltd purchased a new stake in WEBTOON Entertainment during the 1st quarter valued at about $131,000. Finally, Walleye Capital LLC purchased a new stake in WEBTOON Entertainment during the 1st quarter valued at about $488,000.

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.