Brokerages Set WEBTOON Entertainment Inc. (NASDAQ:WBTN) Price Target at $26.83

WEBTOON Entertainment Inc. (NASDAQ:WBTN) has been assigned a consensus recommendation of “Moderate Buy” from the six analysts that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $26.83.

Separately, Deutsche Bank Aktiengesellschaft dropped their price objective on WEBTOON Entertainment from $18.00 to $16.00 and set a “buy” rating for the company in a report on Tuesday, November 5th.

WEBTOON Entertainment Stock Down 1.6 %

NASDAQ WBTN opened at $13.25 on Tuesday. WEBTOON Entertainment has a 52 week low of $10.05 and a 52 week high of $25.66. The company has a fifty day moving average price of $12.45.

Institutional Trading of WEBTOON Entertainment

Institutional investors and hedge funds have recently modified their holdings of the stock. BNP Paribas Financial Markets bought a new position in WEBTOON Entertainment during the third quarter worth about $45,000. Sandia Investment Management LP acquired a new stake in shares of WEBTOON Entertainment during the second quarter worth about $114,000. JPMorgan Chase & Co. bought a new position in shares of WEBTOON Entertainment during the 3rd quarter valued at about $75,000. MetLife Investment Management LLC acquired a new position in shares of WEBTOON Entertainment in the 3rd quarter valued at approximately $107,000. Finally, WINTON GROUP Ltd bought a new stake in WEBTOON Entertainment during the 2nd quarter worth approximately $413,000.

About WEBTOON Entertainment

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.