WEBTOON Entertainment Inc. (NASDAQ:WBTN) Receives Average Rating of “Hold” from Analysts

by · The Cerbat Gem

WEBTOON Entertainment Inc. (NASDAQ:WBTN – Get Free Report) has been assigned an average rating of “Hold” from the nine research firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $17.3333.

A number of analysts recently commented on the stock. UBS Group downgraded shares of WEBTOON Entertainment from a “buy” rating to a “neutral” rating in a report on Friday, November 14th. Evercore ISI dropped their price target on WEBTOON Entertainment from $23.00 to $20.00 and set an “outperform” rating on the stock in a report on Thursday, November 13th. Deutsche Bank Aktiengesellschaft increased their price objective on WEBTOON Entertainment from $18.00 to $25.00 and gave the company a “buy” rating in a research report on Tuesday, September 16th. Weiss Ratings restated a “sell (d-)” rating on shares of WEBTOON Entertainment in a report on Wednesday, October 8th. Finally, Morgan Stanley upped their target price on WEBTOON Entertainment from $10.00 to $11.00 and gave the company an “equal weight” rating in a report on Wednesday, August 13th.

Read Our Latest Report on WEBTOON Entertainment

WEBTOON Entertainment Stock Down 0.1%

Shares of WEBTOON Entertainment stock opened at $13.91 on Friday. The business has a fifty day simple moving average of $16.62 and a 200-day simple moving average of $13.24. WEBTOON Entertainment has a fifty-two week low of $6.75 and a fifty-two week high of $22.47. The firm has a market cap of $1.82 billion, a price-to-earnings ratio of -13.77 and a beta of 1.90.

WEBTOON Entertainment (NASDAQ:WBTN – Get Free Report) last released its earnings results on Wednesday, November 12th. The company reported $0.04 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.04. WEBTOON Entertainment had a negative return on equity of 2.14% and a negative net margin of 9.28%.The firm had revenue of $378.04 million for the quarter, compared to analyst estimates of $385.21 million. During the same period in the previous year, the company earned $0.15 earnings per share. WEBTOON Entertainment’s revenue was up 8.7% compared to the same quarter last year. Analysts anticipate that WEBTOON Entertainment will post -0.26 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Ameriprise Financial Inc. lifted its position in shares of WEBTOON Entertainment by 8.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 939,475 shares of the company’s stock valued at $18,235,000 after acquiring an additional 73,777 shares in the last quarter. Bank of America Corp DE raised its stake in WEBTOON Entertainment by 966.9% during the 2nd quarter. Bank of America Corp DE now owns 823,708 shares of the company’s stock valued at $7,479,000 after purchasing an additional 746,505 shares during the period. Geode Capital Management LLC lifted its holdings in shares of WEBTOON Entertainment by 12.3% in the second quarter. Geode Capital Management LLC now owns 505,892 shares of the company’s stock valued at $4,594,000 after purchasing an additional 55,434 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of WEBTOON Entertainment by 22.8% in the third quarter. Vanguard Group Inc. now owns 427,623 shares of the company’s stock worth $8,300,000 after buying an additional 79,295 shares during the period. Finally, Marshall Wace LLP grew its holdings in shares of WEBTOON Entertainment by 1,281.8% during the third quarter. Marshall Wace LLP now owns 313,137 shares of the company’s stock valued at $6,078,000 after buying an additional 290,476 shares in the last quarter.

WEBTOON Entertainment Company Profile

(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.

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