Stock Traders Buy High Volume of WEBTOON Entertainment Put Options (NASDAQ:WBTN)

Key Points

• WEBTOON Entertainment experienced a significant surge in options trading, with a 285% increase in put options traded on a recent Wednesday.
• Analysts are bullish on WEBTOON, with several adjusting their price targets upward, leading to a consensus rating of "Moderate Buy" and an average price target of $17.83.
• The company's stock rose 2% to $21.22 following its profitable earnings report, which exceeded consensus estimates with a revenue of $348.27 million.

WEBTOON Entertainment Inc. (NASDAQ:WBTN - Get Free Report) was the target of some unusual options trading activity on Wednesday. Stock traders bought 1,908 put options on the company. This represents an increase of approximately 285% compared to the typical volume of 495 put options.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on WBTN shares. The Goldman Sachs Group increased their target price on WEBTOON Entertainment from $11.00 to $15.00 and gave the stock a "buy" rating in a report on Wednesday, August 13th. Evercore ISI increased their target price on WEBTOON Entertainment from $20.00 to $23.00 and gave the stock an "outperform" rating in a report on Wednesday, August 13th. Deutsche Bank Aktiengesellschaft increased their target price on WEBTOON Entertainment from $18.00 to $25.00 and gave the stock a "buy" rating in a report on Tuesday. JPMorgan Chase & Co. increased their target price on WEBTOON Entertainment from $14.00 to $22.00 and gave the stock a "neutral" rating in a report on Tuesday. Finally, Morgan Stanley increased their target price on WEBTOON Entertainment from $10.00 to $11.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, WEBTOON Entertainment has a consensus rating of "Moderate Buy" and a consensus target price of $17.83.

Hedge Funds Weigh In On WEBTOON Entertainment

A number of hedge funds have recently added to or reduced their stakes in the stock. Signaturefd LLC increased its position in shares of WEBTOON Entertainment by 59.6% in the second 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 raised its position in WEBTOON Entertainment by 649.0% during 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 in the last quarter. Deutsche Bank AG acquired a new position in WEBTOON Entertainment during the fourth quarter valued at approximately $54,000. Generali Investments Towarzystwo Funduszy Inwestycyjnych acquired a new position in WEBTOON Entertainment during the first quarter valued at approximately $58,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised 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 valued at $89,000 after purchasing an additional 774 shares in the last quarter.

WEBTOON Entertainment Trading Up 0.5%

WBTN stock traded up $0.10 during mid-day trading on Thursday, hitting $21.10. 1,034,749 shares of the company were exchanged, compared to its average volume of 1,193,495. The business has a 50 day simple moving average of $12.80 and a 200-day simple moving average of $10.13. The stock has a market capitalization of $2.76 billion, a PE ratio of -27.40 and a beta of 1.34. WEBTOON Entertainment has a 1-year low of $6.75 and a 1-year high of $21.99.

WEBTOON Entertainment (NASDAQ:WBTN - Get Free Report) last issued its quarterly earnings data on Tuesday, August 12th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. The business's revenue for the quarter was up 8.5% compared to the same quarter last year. During the same period last year, the business posted $0.20 earnings per share. WEBTOON Entertainment has set its Q3 2025 guidance at EPS. Equities research analysts expect that WEBTOON Entertainment will post -0.26 earnings per share for the current year.

WEBTOON Entertainment Company Profile

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.