WEBTOON Entertainment Inc. (NASDAQ:WBTN - Get Free Report) dropped 3.8% on Wednesday . The company traded as low as $18.80 and last traded at $18.68. Approximately 38,229 shares were traded during trading, a decline of 93% from the average daily volume of 529,268 shares. The stock had previously closed at $19.41.
Analyst Ratings Changes
WBTN has been the subject of a number of research analyst reports. The Goldman Sachs Group lifted their target price on WEBTOON Entertainment from $11.00 to $15.00 and gave the company a "buy" rating in a research report on Wednesday, August 13th. Evercore ISI boosted their price target on WEBTOON Entertainment from $20.00 to $23.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 13th. JPMorgan Chase & Co. boosted their price target on WEBTOON Entertainment from $14.00 to $22.00 and gave the stock a "neutral" rating in a research report on Tuesday, September 16th. Deutsche Bank Aktiengesellschaft boosted their price target on WEBTOON Entertainment from $18.00 to $25.00 and gave the stock a "buy" rating in a research report on Tuesday, September 16th. Finally, Wall Street Zen raised WEBTOON Entertainment from a "strong sell" rating to a "hold" rating in a research report on Saturday, August 16th. One 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 stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $17.83.
Read Our Latest Analysis on WEBTOON Entertainment
WEBTOON Entertainment Stock Performance
The company has a 50 day simple moving average of $14.50 and a two-hundred day simple moving average of $10.76. The firm has a market cap of $2.36 billion, a PE ratio of -23.44 and a beta of 1.34.
WEBTOON Entertainment (NASDAQ:WBTN - Get Free Report) last posted its quarterly 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 business had revenue of $348.27 million for the quarter, compared to the consensus estimate of $341.63 million. WEBTOON Entertainment had a negative return on equity of 0.13% and a negative net margin of 7.24%.The company's quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.20 EPS. WEBTOON Entertainment has set its Q3 2025 guidance at EPS. As a group, research analysts predict that WEBTOON Entertainment Inc. will post -0.26 earnings per share for the current fiscal year.
Hedge Funds Weigh In On WEBTOON Entertainment
A number of hedge funds have recently bought and sold shares of the business. Bank of America Corp DE boosted its position in WEBTOON Entertainment by 966.9% during the second quarter. Bank of America Corp DE now owns 823,708 shares of the company's stock worth $7,479,000 after purchasing an additional 746,505 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of WEBTOON Entertainment by 4.4% in the second quarter. Ameriprise Financial Inc. now owns 865,698 shares of the company's stock valued at $7,861,000 after acquiring an additional 36,175 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of WEBTOON Entertainment by 8.6% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,816 shares of the company's stock valued at $89,000 after acquiring an additional 774 shares in the last quarter. Jump Financial LLC purchased a new position in shares of WEBTOON Entertainment in the second quarter valued at approximately $376,000. Finally, Amundi purchased a new position in shares of WEBTOON Entertainment in the second quarter valued at approximately $243,000.
About WEBTOON Entertainment
(
Get Free Report)
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.
See Also
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