WEBTOON Entertainment Inc. (NASDAQ:WBTN – Get Free Report)’s share price reached a new 52-week low during trading on Tuesday after JPMorgan Chase & Co. lowered their price target on the stock from $11.00 to $10.00. JPMorgan Chase & Co. currently has a neutral rating on the stock. WEBTOON Entertainment traded as low as $7.85 and last traded at $8.5660, with a volume of 187161 shares. The stock had previously closed at $9.45.
WBTN has been the subject of several other reports. Evercore reissued an “outperform” rating and set a $12.00 price target on shares of WEBTOON Entertainment in a research report on Tuesday. Weiss Ratings reiterated a “sell (d-)” rating on shares of WEBTOON Entertainment in a research note on Friday, July 17th. Finally, Wall Street Zen raised shares of WEBTOON Entertainment from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Two 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. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $13.25.
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Institutional Investors Weigh In On WEBTOON Entertainment
WEBTOON Entertainment Trading Down 7.9%
The business’s 50 day moving average price is $10.78 and its 200-day moving average price is $11.05. The company has a market cap of $1.18 billion, a price-to-earnings ratio of -3.41 and a beta of 2.56.
WEBTOON Entertainment (NASDAQ:WBTN – Get Free Report) last announced its quarterly earnings results on Monday, August 10th. The company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.11. WEBTOON Entertainment had a negative net margin of 24.12% and a positive return on equity of 2.55%. The business had revenue of $338.47 million for the quarter, compared to analyst estimates of $339.89 million. During the same quarter in the prior year, the business earned $0.07 EPS. WEBTOON Entertainment’s quarterly revenue was down 2.8% on a year-over-year basis. Equities research analysts forecast that WEBTOON Entertainment Inc. will post -0.02 EPS for the current fiscal year.
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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