WEBTOON Entertainment Inc. (NASDAQ:WBTN) Receives $15.75 Average Price Target from Brokerages

Shares of WEBTOON Entertainment Inc. (NASDAQ:WBTNGet Free Report) have been given an average recommendation of “Hold” by the nine ratings firms that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $15.75.

A number of research analysts have weighed in on WBTN shares. Evercore reissued an “outperform” rating and issued a $15.00 target price on shares of WEBTOON Entertainment in a report on Wednesday, March 4th. Wall Street Zen raised WEBTOON Entertainment from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. HSBC downgraded WEBTOON Entertainment from a “buy” rating to a “hold” rating and set a $11.50 target price on the stock. in a report on Wednesday, March 4th. The Goldman Sachs Group reissued a “neutral” rating and issued a $10.00 target price on shares of WEBTOON Entertainment in a report on Thursday, March 5th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of WEBTOON Entertainment in a research note on Monday, April 20th.

Get Our Latest Stock Report on WBTN

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Rockefeller Capital Management L.P. bought a new position in shares of WEBTOON Entertainment in the fourth quarter worth about $27,000. FNY Investment Advisers LLC bought a new position in shares of WEBTOON Entertainment in the third quarter worth about $39,000. Parallel Advisors LLC raised its stake in shares of WEBTOON Entertainment by 620.4% in the first quarter. Parallel Advisors LLC now owns 4,445 shares of the company’s stock worth $41,000 after buying an additional 3,828 shares during the period. State of Alaska Department of Revenue bought a new position in shares of WEBTOON Entertainment in the third quarter worth about $55,000. Finally, BNP Paribas Financial Markets raised its stake in shares of WEBTOON Entertainment by 103.4% in the third quarter. BNP Paribas Financial Markets now owns 3,548 shares of the company’s stock worth $69,000 after buying an additional 1,804 shares during the period.

WEBTOON Entertainment Stock Performance

WBTN stock opened at $12.11 on Friday. WEBTOON Entertainment has a fifty-two week low of $8.16 and a fifty-two week high of $22.47. The business’s 50-day moving average is $11.12 and its two-hundred day moving average is $12.09. The company has a market cap of $1.64 billion, a price-to-earnings ratio of -4.75 and a beta of 2.59.

WEBTOON Entertainment Company Profile

(Get Free Report)

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.

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Analyst Recommendations for WEBTOON Entertainment (NASDAQ:WBTN)

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