WEBTOON Entertainment Inc. (NASDAQ:WBTN – Get Free Report) traded down 5.9% on Wednesday . The stock traded as low as $11.71 and last traded at $11.66. 115,149 shares changed hands during mid-day trading, a decline of 66% from the average session volume of 336,360 shares. The stock had previously closed at $12.39.
Analysts Set New Price Targets
A number of equities analysts have issued reports on WBTN shares. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $10.00 price objective on shares of WEBTOON Entertainment in a research note on Thursday, March 5th. HSBC downgraded WEBTOON Entertainment from a “buy” rating to a “hold” rating and set a $11.50 price target on the stock. in a research note on Wednesday, March 4th. Weiss Ratings restated a “sell (d-)” rating on shares of WEBTOON Entertainment in a research report on Monday, April 20th. Evercore reaffirmed an “outperform” rating and set a $15.00 price objective on shares of WEBTOON Entertainment in a research note on Wednesday, March 4th. Finally, Wall Street Zen upgraded WEBTOON Entertainment from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $15.75.
Get Our Latest Research Report on WEBTOON Entertainment
WEBTOON Entertainment Stock Performance
Hedge Funds Weigh In On WEBTOON Entertainment
Hedge funds and other institutional investors have recently made changes to their positions in the company. Parallel Advisors LLC increased its position in shares of WEBTOON Entertainment by 620.4% in the 1st quarter. Parallel Advisors LLC now owns 4,445 shares of the company’s stock valued at $41,000 after buying an additional 3,828 shares in the last quarter. The Manufacturers Life Insurance Company bought a new position in WEBTOON Entertainment during the first quarter worth about $145,000. Abel Hall LLC acquired a new position in WEBTOON Entertainment in the first quarter valued at about $110,000. Generali Investments Towarzystwo Funduszy Inwestycyjnych grew its stake in WEBTOON Entertainment by 13.3% in the first quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 8,500 shares of the company’s stock valued at $78,000 after acquiring an additional 1,000 shares during the period. Finally, Rockefeller Capital Management L.P. bought a new stake in shares of WEBTOON Entertainment in the fourth quarter worth about $27,000.
WEBTOON Entertainment Company Profile
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.
Featured Articles
- Five stocks we like better than WEBTOON Entertainment
- AI’s Power Problem Is Turning Nuclear Stocks Into a Bigger Market Story
- American Eagle’s Q1 Beat Leaves Investors With a Bigger Question
- VMware: Broadcom’s Second Biggest Business Set to Accelerate
- Buyback Capacity Is Rising Across 3 Soaring and Sinking Stocks
Receive News & Ratings for WEBTOON Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WEBTOON Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.
