WEBTOON Entertainment (NASDAQ:WBTN) Stock Rating Lowered by Wall Street Zen

WEBTOON Entertainment (NASDAQ:WBTN) was downgraded by analysts at Wall Street Zen from a “sell” rating to a “strong sell” rating in a research note issued to investors on Sunday.

A number of other research analysts have also issued reports on the stock. Evercore reiterated an “outperform” rating and issued a $12.00 price objective on shares of WEBTOON Entertainment in a report on Tuesday, August 11th. JPMorgan Chase & Co. decreased their price target on shares of WEBTOON Entertainment from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Tuesday, August 11th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of WEBTOON Entertainment in a research note on Friday, July 17th. Two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $13.70.

WEBTOON Entertainment Stock Performance

Shares of WBTN opened at $9.59 on Friday. WEBTOON Entertainment has a 52 week low of $7.85 and a 52 week high of $22.47. The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of -3.65 and a beta of 2.56. The stock has a fifty day moving average of $10.17 and a 200-day moving average of $10.78.

WEBTOON Entertainment (NASDAQ:WBTN) last issued its earnings results on Monday, August 10th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.11. WEBTOON Entertainment had a positive return on equity of 2.10% and a negative net margin of 25.09%.The business had revenue of $338.47 million during the quarter, compared to analysts’ expectations of $339.89 million. During the same quarter in the prior year, the firm earned $0.07 EPS. The business’s revenue for the quarter was down 2.8% compared to the same quarter last year. As a group, equities analysts forecast that WEBTOON Entertainment will post -0.12 EPS for the current year.

Institutional Investors Weigh In On WEBTOON Entertainment

Large investors have recently modified their holdings of the company. California State Teachers Retirement System raised its stake in WEBTOON Entertainment by 196.4% during the second quarter. California State Teachers Retirement System now owns 2,878 shares of the company’s stock worth $33,000 after buying an additional 1,907 shares during the last quarter. Bank of America Corp DE acquired a new stake in WEBTOON Entertainment during the 2nd quarter worth about $470,000. The Manufacturers Life Insurance Company bought a new position in shares of WEBTOON Entertainment in the 2nd quarter worth about $117,000. Ieq Capital LLC bought a new position in shares of WEBTOON Entertainment in the 2nd quarter worth about $149,000. Finally, PCM Encore LLC acquired a new position in shares of WEBTOON Entertainment in the 2nd quarter valued at about $543,000.

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.