Weiss Ratings Reiterates "Sell (D-)" Rating for WEBTOON Entertainment (NASDAQ:WBTN)

Key Points

• Weiss Ratings has maintained a "Sell (D-)" rating for WEBTOON Entertainment (NASDAQ:WBTN), indicating ongoing bearish sentiment on the stock.
• Despite the "Sell" rating from Weiss Ratings, other analysts have mixed opinions; with Wall Street Zen upgrading it to "Hold" and JPMorgan raising the target price from $14.00 to $22.00.
• WEBTOON Entertainment's shares traded up 2.0% to $18.22 on Friday, with analysts projecting an average earnings per share of -0.26 for the current year.

WEBTOON Entertainment (NASDAQ:WBTN - Get Free Report)'s stock had its "sell (d-)" rating reaffirmed by Weiss Ratings in a research note issued to investors on Friday,Weiss Ratings reports.

WBTN has been the subject of a number of other reports. 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. JPMorgan Chase & Co. boosted their target price on shares of WEBTOON Entertainment from $14.00 to $22.00 and gave the company a "neutral" rating in a research note on Tuesday, September 16th. Zacks Research lowered shares of WEBTOON Entertainment from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 13th. Evercore ISI boosted their target price on shares of WEBTOON Entertainment from $20.00 to $23.00 and gave the company an "outperform" rating in a research note on Wednesday, August 13th. Finally, Morgan Stanley upped their price objective on shares of WEBTOON Entertainment from $10.00 to $11.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 13th. Four equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $17.83.

WEBTOON Entertainment Trading Up 2.0%

Shares of WBTN traded up $0.36 during trading hours on Friday, reaching $18.22. 260,842 shares of the company traded hands, compared to its average volume of 524,866. The firm has a market cap of $2.38 billion, a price-to-earnings ratio of -23.66 and a beta of 1.80. WEBTOON Entertainment has a 12-month low of $6.75 and a 12-month high of $22.47. The stock's fifty day moving average price is $17.05 and its 200 day moving average price is $11.94.

WEBTOON Entertainment (NASDAQ:WBTN - Get Free Report) last issued 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 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 revenue was up 8.5% on a year-over-year basis. 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 will post -0.26 earnings per share for the current year.

Hedge Funds Weigh In On WEBTOON Entertainment

A number of large investors have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in 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 worth $89,000 after purchasing an additional 774 shares in the last quarter. Signaturefd LLC increased its holdings in shares of WEBTOON Entertainment by 59.6% during the second quarter. Signaturefd LLC now owns 3,375 shares of the company's stock valued at $31,000 after acquiring an additional 1,261 shares in the last quarter. CWM LLC increased its holdings in shares of WEBTOON Entertainment by 54.1% during the third quarter. CWM LLC now owns 7,204 shares of the company's stock valued at $140,000 after acquiring an additional 2,530 shares in the last quarter. Bank of New York Mellon Corp increased 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 valued at $271,000 after acquiring an additional 2,709 shares in the last quarter. Finally, State of Alaska Department of Revenue acquired a new position in shares of WEBTOON Entertainment during the third quarter valued at about $55,000.

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.

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