WEBTOON Entertainment (NASDAQ:WBTN) Shares Down 7.6% – Here’s Why

WEBTOON Entertainment Inc. (NASDAQ:WBTN)’s stock price fell 7.6% during trading on Thursday . The stock traded as low as $12.63 and last traded at $12.7790. 292,051 shares traded hands during mid-day trading, a decline of 13% from the average session volume of 337,282 shares. The stock had previously closed at $13.83.

Analyst Ratings Changes

Several research firms have commented on WBTN. Evercore reiterated an “outperform” rating and issued a $15.00 price objective on shares of WEBTOON Entertainment in a report on Wednesday, March 4th. Weiss Ratings reissued a “sell (d-)” rating on shares of WEBTOON Entertainment in a research report on Monday, April 20th. HSBC cut shares of WEBTOON Entertainment from a “buy” rating to a “hold” rating and set a $11.50 target price for the company. in a research report on Wednesday, March 4th. The Goldman Sachs Group reissued a “neutral” rating and issued a $10.00 target price on shares of WEBTOON Entertainment in a research report on Thursday, March 5th. Finally, Wall Street Zen cut shares of WEBTOON Entertainment from a “hold” rating to a “sell” rating in a research report on Monday, March 2nd. Three equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $15.07.

WEBTOON Entertainment Price Performance

The company’s 50-day moving average is $10.73 and its two-hundred day moving average is $12.45. The firm has a market cap of $1.72 billion, a P/E ratio of -4.97 and a beta of 2.59.

Institutional Investors Weigh In On WEBTOON Entertainment

Several institutional investors and hedge funds have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted 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 worth $89,000 after purchasing an additional 774 shares during the period. Generali Investments Towarzystwo Funduszy Inwestycyjnych lifted its position in WEBTOON Entertainment by 13.3% during the first quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 8,500 shares of the company’s stock worth $78,000 after purchasing an additional 1,000 shares during the period. AQR Capital Management LLC lifted its position in WEBTOON Entertainment by 1.2% during the fourth quarter. AQR Capital Management LLC now owns 90,643 shares of the company’s stock worth $1,181,000 after purchasing an additional 1,061 shares during the period. BNP Paribas Financial Markets lifted its position in WEBTOON Entertainment by 103.4% during the third quarter. BNP Paribas Financial Markets now owns 3,548 shares of the company’s stock worth $69,000 after purchasing an additional 1,804 shares during the period. Finally, FNY Investment Advisers LLC bought a new stake in WEBTOON Entertainment during the third quarter worth about $39,000.

About WEBTOON Entertainment

Webtoon Entertainment Inc operates WEBTOON, a leading digital comics platform offering a diverse library of user-generated and professionally produced webcomics. The company enables creators around the world to publish serialized content in a vertical-scrolling format optimized for mobile and web consumption. Through its platform, readers can access thousands of titles across genres such as romance, fantasy, drama, and action, with both free-to-read episodes and advanced access options supported by microtransactions and advertising.

Founded as part of Naver Corporation and launched internationally in 2014, Webtoon Entertainment has grown rapidly by fostering a direct connection between comic creators and global audiences.