WEBTOON Entertainment (NASDAQ:WBTN - Get Free Report) released its quarterly earnings data on Tuesday. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.06), Zacks reports. The firm had revenue of $352.85 million during the quarter, compared to the consensus estimate of $351.00 million. WEBTOON Entertainment updated its Q1 2025 guidance to EPS.
WEBTOON Entertainment Trading Down 1.2 %
WBTN stock traded down $0.11 during trading on Friday, hitting $9.04. The company had a trading volume of 288,509 shares, compared to its average volume of 449,550. The business has a 50-day moving average of $12.32 and a 200-day moving average of $12.01. WEBTOON Entertainment has a one year low of $8.75 and a one year high of $25.66. The stock has a market cap of $1.16 billion and a PE ratio of 19.65.
Wall Street Analyst Weigh In
WBTN has been the subject of several recent research reports. JPMorgan Chase & Co. lowered their price objective on WEBTOON Entertainment from $12.00 to $10.00 and set a "neutral" rating for the company in a research note on Wednesday. Deutsche Bank Aktiengesellschaft lowered their price objective on WEBTOON Entertainment from $18.00 to $16.00 and set a "buy" rating for the company in a research note on Tuesday, November 5th. Morgan Stanley lowered their price objective on WEBTOON Entertainment from $16.00 to $13.00 and set an "equal weight" rating for the company in a research note on Wednesday. Finally, The Goldman Sachs Group reduced their target price on WEBTOON Entertainment from $25.00 to $15.00 and set a "buy" rating on the stock in a report on Wednesday. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, WEBTOON Entertainment has a consensus rating of "Moderate Buy" and an average price target of $17.33.
Read Our Latest Stock Report on WEBTOON Entertainment
About WEBTOON Entertainment
(
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WEBTOON 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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