WEBTOON Entertainment (NASDAQ:WBTN) Downgraded to Neutral Rating by UBS Group

UBS Group cut shares of WEBTOON Entertainment (NASDAQ:WBTN) from a buy rating to a neutral rating in a research note issued to investors on Friday, Marketbeat.com reports.

Other research analysts also recently issued reports about the company. Morgan Stanley increased their target price on WEBTOON Entertainment from $10.00 to $11.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 13th. Zacks Research upgraded shares of WEBTOON Entertainment from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. Evercore ISI dropped their price objective on shares of WEBTOON Entertainment from $23.00 to $20.00 and set an “outperform” rating for the company in a research note on Thursday. Wall Street Zen upgraded shares of WEBTOON Entertainment from a “strong sell” rating to a “hold” rating in a report on Saturday, August 16th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of WEBTOON Entertainment in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $17.33.

WEBTOON Entertainment Stock Performance

Shares of WBTN traded up $0.23 during midday trading on Friday, hitting $12.83. 1,427,446 shares of the company traded hands, compared to its average volume of 571,730. The stock has a market cap of $1.68 billion, a price-to-earnings ratio of -12.70 and a beta of 1.74. The firm has a 50 day moving average of $17.65 and a 200-day moving average of $12.83. WEBTOON Entertainment has a 52 week low of $6.75 and a 52 week high of $22.47.

WEBTOON Entertainment (NASDAQ:WBTN) last issued its earnings results on Wednesday, November 12th. The company reported $0.04 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 analysts’ expectations of $385.21 million. During the same period in the previous year, the firm posted $0.15 earnings per share. The business’s revenue was up 8.7% compared to the same quarter last year. WEBTOON Entertainment has set its Q4 2025 guidance at EPS. Sell-side analysts predict that WEBTOON Entertainment will post -0.26 earnings per share for the current fiscal year.

Hedge Funds Weigh In On WEBTOON Entertainment

Several hedge funds have recently added to or reduced their stakes in WBTN. Signaturefd LLC lifted its stake in 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 last quarter. CWM LLC raised its holdings in shares of WEBTOON Entertainment by 649.0% in the second quarter. CWM LLC now owns 4,674 shares of the company’s stock worth $42,000 after buying an additional 4,050 shares during the period. State of Alaska Department of Revenue purchased a new stake in shares of WEBTOON Entertainment in the third quarter worth approximately $55,000. Generali Investments Towarzystwo Funduszy Inwestycyjnych bought a new stake in shares of WEBTOON Entertainment during the 1st quarter worth approximately $58,000. Finally, BNP Paribas Financial Markets boosted its holdings in WEBTOON Entertainment by 103.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,548 shares of the company’s stock valued at $69,000 after acquiring an additional 1,804 shares during the period.

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.