Evercore ISI Cuts WEBTOON Entertainment (NASDAQ:WBTN) Price Target to $20.00

WEBTOON Entertainment (NASDAQ:WBTN) had its price objective trimmed by Evercore ISI from $23.00 to $20.00 in a research report report published on Thursday,Benzinga reports. The brokerage currently has an outperform rating on the stock.

WBTN has been the subject of a number of other research reports. Morgan Stanley raised 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. JPMorgan Chase & Co. increased their target price on WEBTOON Entertainment from $14.00 to $22.00 and gave the company a “neutral” rating in a report on Tuesday, September 16th. The Goldman Sachs Group raised their target price on WEBTOON Entertainment from $11.00 to $15.00 and gave the stock a “buy” rating in a research report on Wednesday, August 13th. Wall Street Zen raised WEBTOON Entertainment from a “strong sell” rating to a “hold” rating in a research report on Saturday, August 16th. Finally, Zacks Research upgraded WEBTOON Entertainment from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 11th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, WEBTOON Entertainment currently has an average rating of “Moderate Buy” and a consensus target price of $17.33.

WEBTOON Entertainment Trading Up 1.8%

Shares of WBTN opened at $12.83 on Thursday. The business’s 50-day moving average price is $17.65 and its 200 day moving average price is $12.85. The stock has a market capitalization of $1.68 billion, a P/E ratio of -12.70 and a beta of 1.74. WEBTOON Entertainment has a 1-year low of $6.75 and a 1-year high of $22.47.

WEBTOON Entertainment (NASDAQ:WBTN) last posted its quarterly earnings data on Wednesday, November 12th. The company reported $0.04 EPS for the quarter, meeting analysts’ consensus estimates of $0.04. WEBTOON Entertainment had a negative net margin of 9.28% and a negative return on equity of 2.14%. The company had revenue of $378.04 million during the quarter, compared to analyst estimates of $385.21 million. During the same period in the prior year, the firm earned $0.15 earnings per share. The business’s quarterly revenue was up 8.7% on a year-over-year basis. WEBTOON Entertainment has set its Q4 2025 guidance at EPS. On average, research analysts predict that WEBTOON Entertainment will post -0.26 earnings per share for the current year.

Institutional Investors Weigh In On WEBTOON Entertainment

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of WEBTOON Entertainment by 8.6% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,816 shares of the company’s stock valued at $89,000 after buying an additional 774 shares during the last quarter. Signaturefd LLC raised its position in 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. BNP Paribas Financial Markets lifted its stake in WEBTOON Entertainment by 103.4% in the third 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 last quarter. CWM LLC lifted its stake in WEBTOON Entertainment by 54.1% in 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 during the last quarter. Finally, Bank of New York Mellon Corp grew its position in WEBTOON Entertainment by 8.3% in the first quarter. Bank of New York Mellon Corp now owns 35,310 shares of the company’s stock worth $271,000 after acquiring an additional 2,709 shares in the last quarter.

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.