WEBTOON Entertainment (NASDAQ:WBTN) Shares Down 6.4% – Should You Sell?

WEBTOON Entertainment Inc. (NASDAQ:WBTN) was down 6.4% on Wednesday . The company traded as low as $9.71 and last traded at $9.6850. Approximately 104,298 shares changed hands during mid-day trading, a decline of 69% from the average daily volume of 340,409 shares. The stock had previously closed at $10.35.

Analyst Ratings Changes

WBTN has been the topic of several recent research reports. Weiss Ratings restated a “sell (d-)” rating on shares of WEBTOON Entertainment in a research report on Friday, July 17th. Wall Street Zen raised WEBTOON Entertainment from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Two 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. According to data from MarketBeat.com, WEBTOON Entertainment currently has a consensus rating of “Hold” and a consensus target price of $15.75.

WEBTOON Entertainment Stock Down 2.9%

The stock has a market cap of $1.24 billion, a PE ratio of -3.59 and a beta of 2.48. The company’s fifty day moving average is $11.46 and its 200 day moving average is $11.42.

Hedge Funds Weigh In On WEBTOON Entertainment

A number of hedge funds have recently made changes to their positions in WBTN. Rockefeller Capital Management L.P. purchased a new stake in WEBTOON Entertainment during the 4th quarter worth $27,000. Parallel Advisors LLC raised its position in WEBTOON Entertainment by 620.4% in the first quarter. Parallel Advisors LLC now owns 4,445 shares of the company’s stock valued at $41,000 after purchasing an additional 3,828 shares during the period. BNP Paribas Financial Markets raised its position 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 purchasing an additional 1,804 shares during the period. Generali Investments Towarzystwo Funduszy Inwestycyjnych lifted its stake in shares of 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 in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of 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 in the last quarter.

WEBTOON Entertainment Company Profile

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.