Shares of WEBTOON Entertainment Inc. (NASDAQ:WBTN – Get Free Report) have earned a consensus rating of “Moderate Buy” from the six ratings firms that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $27.17.
Several research firms have weighed in on WBTN. HSBC initiated coverage on shares of WEBTOON Entertainment in a research note on Wednesday. They issued a “buy” rating and a $23.00 price objective on the stock. Evercore ISI dropped their price target on shares of WEBTOON Entertainment from $30.00 to $27.00 and set an “outperform” rating on the stock in a research note on Monday, August 12th. JPMorgan Chase & Co. began coverage on shares of WEBTOON Entertainment in a research note on Monday, July 22nd. They set a “neutral” rating and a $23.00 price target on the stock. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of WEBTOON Entertainment from $25.00 to $18.00 and set a “buy” rating for the company in a report on Monday, August 12th. Finally, The Goldman Sachs Group reduced their price target on shares of WEBTOON Entertainment from $62.00 to $55.00 and set a “buy” rating for the company in a report on Monday, August 12th.
Check Out Our Latest Report on WEBTOON Entertainment
Insiders Place Their Bets
Hedge Funds Weigh In On WEBTOON Entertainment
Several institutional investors have recently modified their holdings of the stock. Sandia Investment Management LP acquired a new position in shares of WEBTOON Entertainment during the 2nd quarter worth about $114,000. WINTON GROUP Ltd bought a new position in shares of WEBTOON Entertainment during the 2nd quarter valued at about $413,000. Point72 Asset Management L.P. bought a new position in shares of WEBTOON Entertainment during the 2nd quarter valued at about $816,000. Squarepoint Ops LLC bought a new position in shares of WEBTOON Entertainment during the 2nd quarter valued at about $1,256,000. Finally, Marshall Wace LLP bought a new position in shares of WEBTOON Entertainment during the 2nd quarter valued at about $1,516,000.
WEBTOON Entertainment Stock Down 0.8 %
WBTN stock opened at $12.17 on Wednesday. WEBTOON Entertainment has a 12 month low of $11.15 and a 12 month high of $25.66. The company’s 50 day simple moving average is $16.88.
WEBTOON Entertainment (NASDAQ:WBTN – Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.72) by $0.92. The firm had revenue of $320.97 million for the quarter, compared to analyst estimates of $340.72 million. The firm’s revenue was up .1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.01) EPS. Equities analysts predict that WEBTOON Entertainment will post -1.3 earnings per share for the current fiscal year.
About WEBTOON Entertainment
Our Vision To be the world’s storytelling technology platform empowering creation by anyone, for everyone. WEBTOON is a global storytelling platform where a vibrant community of creators and users discover, create and share new content. We have pioneered a cultural movement by revolutionizing the storytelling format and democratizing content creation and publication.
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