WEBTOON Entertainment Inc. (NASDAQ:WBTN - Get Free Report) has been given an average rating of "Moderate Buy" by the six research firms that are covering the company, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is $17.33.
A number of brokerages recently commented on WBTN. Deutsche Bank Aktiengesellschaft decreased their price target on WEBTOON Entertainment from $18.00 to $16.00 and set a "buy" rating for the company in a research report on Tuesday, November 5th. JPMorgan Chase & Co. decreased their price target on WEBTOON Entertainment from $12.00 to $10.00 and set a "neutral" rating for the company in a research report on Wednesday. Morgan Stanley decreased their price target on WEBTOON Entertainment from $16.00 to $13.00 and set an "equal weight" rating for the company in a research report on Wednesday. Finally, The Goldman Sachs Group decreased their price target on WEBTOON Entertainment from $25.00 to $15.00 and set a "buy" rating for the company in a research report on Wednesday.
Read Our Latest Analysis on WEBTOON Entertainment
WEBTOON Entertainment Price Performance
Shares of WBTN stock traded down $0.11 during trading hours on Wednesday, reaching $9.04. The company had a trading volume of 288,509 shares, compared to its average volume of 449,550. The company has a market cap of $1.16 billion and a price-to-earnings ratio of 19.65. The business has a fifty day simple moving average of $12.32 and a 200-day simple moving average of $12.01. WEBTOON Entertainment has a 12 month low of $8.75 and a 12 month high of $25.66.
WEBTOON Entertainment (NASDAQ:WBTN - Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The company reported ($0.14) EPS for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.06). The company had revenue of $352.85 million during the quarter, compared to the consensus estimate of $351.00 million. On average, equities research analysts expect that WEBTOON Entertainment will post -0.26 earnings per share for the current year.
Institutional Trading of WEBTOON Entertainment
A number of large investors have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. purchased a new position in shares of WEBTOON Entertainment in the third quarter valued at $1,344,000. State Street Corp purchased a new position in shares of WEBTOON Entertainment in the third quarter valued at $1,560,000. SG Americas Securities LLC purchased a new position in shares of WEBTOON Entertainment in the fourth quarter valued at $892,000. Barclays PLC grew its position in shares of WEBTOON Entertainment by 1,404.1% in the third quarter. Barclays PLC now owns 523,589 shares of the company's stock valued at $5,990,000 after purchasing an additional 488,779 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of WEBTOON Entertainment by 290.1% in the third quarter. Geode Capital Management LLC now owns 412,131 shares of the company's stock valued at $4,716,000 after purchasing an additional 306,496 shares in the last quarter.
About WEBTOON Entertainment
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Get Free ReportWEBTOON Entertainment Inc operates a storytelling platform worldwide. The company's platform allows a community of creators and users to discover, create, and share new content. Its platform offers stories primarily in two ways, including web-comics, a graphical comic-like medium; and web-novels, which are text-based stories.
Further Reading
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