WEBTOON Entertainment (NASDAQ:WBTN) Upgraded to “Strong-Buy” at Zacks Research

Zacks Research upgraded shares of WEBTOON Entertainment (NASDAQ:WBTN) from a hold rating to a strong-buy rating in a research report sent to investors on Tuesday morning,Zacks.com reports.

Several other equities research analysts have also weighed in on the company. 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. Evercore ISI boosted their price objective on shares of WEBTOON Entertainment from $20.00 to $23.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 13th. JPMorgan Chase & Co. increased their target price on shares of WEBTOON Entertainment from $14.00 to $22.00 and gave the company a “neutral” rating in a research report on Tuesday, September 16th. Weiss Ratings reissued a “sell (d-)” rating on shares of WEBTOON Entertainment in a research report on Wednesday, October 8th. Finally, Morgan Stanley upped their price objective on shares of WEBTOON Entertainment from $10.00 to $11.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.33.

WEBTOON Entertainment Stock Down 25.1%

NASDAQ WBTN traded down $4.22 on Tuesday, hitting $12.60. 3,042,669 shares of the stock were exchanged, compared to its average volume of 531,471. WEBTOON Entertainment has a fifty-two week low of $6.75 and a fifty-two week high of $22.47. The company has a 50-day moving average price of $17.72 and a 200-day moving average price of $12.80. The company has a market cap of $1.65 billion, a PE ratio of -16.36 and a beta of 1.74.

WEBTOON Entertainment (NASDAQ:WBTN) last issued its earnings results on Wednesday, November 12th. The company reported $0.04 EPS for the quarter, hitting analysts’ consensus estimates of $0.04. WEBTOON Entertainment had a negative net margin of 7.24% and a negative return on equity of 0.13%. The firm had revenue of $378.04 million during the quarter, compared to the consensus estimate of $385.21 million. During the same quarter in the previous year, the firm posted $0.15 earnings per share. The company’s revenue was up 8.7% compared to the same quarter last year. WEBTOON Entertainment has set its Q4 2025 guidance at EPS. As a group, equities research analysts predict that WEBTOON Entertainment will post -0.26 EPS for the current fiscal year.

Hedge Funds Weigh In On WEBTOON Entertainment

Several institutional investors have recently bought and sold shares of the company. UBS Group AG lifted its holdings in shares of WEBTOON Entertainment by 14.6% in the third quarter. UBS Group AG now owns 139,863 shares of the company’s stock valued at $2,715,000 after purchasing an additional 17,773 shares in the last quarter. BNP Paribas Financial Markets raised its position in shares of WEBTOON Entertainment by 103.4% during the 3rd 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 last quarter. Dimensional Fund Advisors LP acquired a new position in shares of WEBTOON Entertainment during the 3rd quarter worth approximately $259,000. AXQ Capital LP purchased a new stake in WEBTOON Entertainment in the 3rd quarter valued at approximately $311,000. Finally, Vanguard Group Inc. boosted its stake in shares of WEBTOON Entertainment by 22.8% during the third quarter. Vanguard Group Inc. now owns 427,623 shares of the company’s stock valued at $8,300,000 after acquiring an additional 79,295 shares during the last quarter.

WEBTOON Entertainment Company Profile

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.