Shares of WEBTOON Entertainment Inc. (NASDAQ:WBTN - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the six analysts that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $26.83.
WBTN has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft lowered their target price on shares of WEBTOON Entertainment from $18.00 to $16.00 and set a "buy" rating for the company in a research note on Tuesday, November 5th. HSBC began coverage on WEBTOON Entertainment in a report on Wednesday, September 4th. They issued a "buy" rating and a $23.00 price objective on the stock. Finally, Morgan Stanley decreased their target price on WEBTOON Entertainment from $23.00 to $17.00 and set an "equal weight" rating for the company in a research note on Friday, August 16th.
Read Our Latest Analysis on WBTN
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in WBTN. BNP Paribas Financial Markets purchased a new position in shares of WEBTOON Entertainment during the third quarter worth approximately $45,000. MetLife Investment Management LLC purchased a new position in WEBTOON Entertainment during the 3rd quarter worth $107,000. Sandia Investment Management LP acquired a new position in WEBTOON Entertainment in the second quarter valued at $114,000. Verition Fund Management LLC purchased a new stake in shares of WEBTOON Entertainment in the third quarter valued at about $261,000. Finally, WINTON GROUP Ltd acquired a new stake in shares of WEBTOON Entertainment during the second quarter worth about $413,000.
WEBTOON Entertainment Stock Down 3.8 %
WEBTOON Entertainment stock traded down $0.50 during trading on Friday, reaching $12.74. The stock had a trading volume of 300,841 shares, compared to its average volume of 465,297. WEBTOON Entertainment has a 52-week low of $10.05 and a 52-week high of $25.66. The firm has a 50 day moving average of $11.59.
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.
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