WEBTOON Entertainment Inc. (NASDAQ:WBTN) Insider Purchases $241,231.90 in Stock

WEBTOON Entertainment Inc. (NASDAQ:WBTN - Get Free Report) insider Junkoo Kim bought 18,935 shares of the company's stock in a transaction on Monday, August 19th. The stock was purchased at an average cost of $12.74 per share, with a total value of $241,231.90. Following the completion of the transaction, the insider now owns 924,005 shares in the company, valued at $11,771,823.70. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

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Junkoo Kim also recently made the following trade(s):

On Friday, August 16th, Junkoo Kim bought 22,596 shares of WEBTOON Entertainment stock. The shares were acquired at an average price of $11.88 per share, for a total transaction of $268,440.48.

WEBTOON Entertainment Stock Performance

Shares of WEBTOON Entertainment stock traded up $0.84 during trading hours on Tuesday, hitting $13.90. The company had a trading volume of 834,813 shares, compared to its average volume of 653,559. WEBTOON Entertainment Inc. has a twelve month low of $11.15 and a twelve month high of $25.66.

WEBTOON Entertainment (NASDAQ:WBTN - Get Free Report) last posted its earnings results on Thursday, August 8th. The company reported $0.20 EPS for the quarter, topping analysts' consensus estimates of ($0.72) by $0.92. The firm had revenue of $320.97 million for the quarter, compared to analyst estimates of $340.72 million. The firm's revenue for the quarter was up .1% on a year-over-year basis. During the same quarter last year, the firm posted ($0.01) EPS. Equities research analysts forecast that WEBTOON Entertainment Inc. will post -1.27 earnings per share for the current year.

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Analysts Set New Price Targets

A number of research firms recently issued reports on WBTN. Deutsche Bank Aktiengesellschaft decreased their target price on WEBTOON Entertainment from $25.00 to $18.00 and set a "buy" rating for the company in a report on Monday, August 12th. Morgan Stanley lowered their price objective on WEBTOON Entertainment from $23.00 to $17.00 and set an "equal weight" rating for the company in a research report on Friday. Evercore ISI cut their target price on shares of WEBTOON Entertainment from $30.00 to $27.00 and set an "outperform" rating on the stock in a research note on Monday, August 12th. The Goldman Sachs Group decreased their price target on shares of WEBTOON Entertainment from $62.00 to $55.00 and set a "buy" rating for the company in a research note on Monday, August 12th. Finally, JPMorgan Chase & Co. initiated coverage on shares of WEBTOON Entertainment in a report on Monday, July 22nd. They issued a "neutral" rating and a $23.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, WEBTOON Entertainment has a consensus rating of "Moderate Buy" and a consensus target price of $28.00.

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Institutional Trading of WEBTOON Entertainment

Several institutional investors and hedge funds have recently bought and sold shares of the business. Point72 Asset Management L.P. acquired a new position in WEBTOON Entertainment in the second quarter valued at $816,000. Millennium Management LLC acquired a new position in WEBTOON Entertainment in the 2nd quarter valued at about $18,346,000. Squarepoint Ops LLC purchased a new stake in WEBTOON Entertainment during the 2nd quarter valued at approximately $1,256,000. Sandia Investment Management LP acquired a new stake in WEBTOON Entertainment during the 2nd quarter worth approximately $114,000. Finally, Point72 DIFC Ltd purchased a new position in shares of WEBTOON Entertainment in the 2nd quarter valued at approximately $1,541,000.

WEBTOON Entertainment Company Profile

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Our Vision To be the world’s storytelling technology platform empowering creation by anyone, for everyone. WEBTOON is a global storytelling platform where a vibrant community of creators and users discover, create and share new content. We have pioneered a cultural movement by revolutionizing the storytelling format and democratizing content creation and publication.

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