WEBTOON Entertainment (NASDAQ:WBTN – Get Free Report) released its quarterly earnings data on Monday. The company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.11, FiscalAI reports. The company had revenue of $338.47 million during the quarter, compared to the consensus estimate of $339.89 million. WEBTOON Entertainment had a negative net margin of 24.12% and a positive return on equity of 2.55%.
WEBTOON Entertainment Trading Up 5.8%
Shares of WBTN stock traded up $0.52 on Monday, reaching $9.45. 670,666 shares of the stock were exchanged, compared to its average volume of 344,535. The company has a market capitalization of $1.28 billion, a price-to-earnings ratio of -3.71 and a beta of 2.56. The business’s 50 day moving average price is $10.84 and its 200 day moving average price is $11.08. WEBTOON Entertainment has a twelve month low of $8.30 and a twelve month high of $22.47.
Wall Street Analyst Weigh In
WBTN has been the topic of a number of recent research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of WEBTOON Entertainment in a research note on Friday, July 17th. Wall Street Zen upgraded WEBTOON Entertainment from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Two equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $15.75.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the business. BNP Paribas Financial Markets raised its position in shares of WEBTOON Entertainment by 103.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,548 shares of the company’s stock worth $69,000 after acquiring an additional 1,804 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in WEBTOON Entertainment by 8.6% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,816 shares of the company’s stock worth $89,000 after purchasing an additional 774 shares in the last quarter. State of Wyoming purchased a new stake in shares of WEBTOON Entertainment during the 4th quarter worth approximately $96,000. Invesco Ltd. acquired a new position in shares of WEBTOON Entertainment in the 1st quarter valued at $123,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of WEBTOON Entertainment in the 1st quarter valued at $129,000.
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.
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