WEBTOON Entertainment Inc. (NASDAQ:WBTN - Get Free Report)'s stock price was down 4.8% during trading on Friday . The company traded as low as $12.57 and last traded at $12.60. Approximately 80,983 shares changed hands during mid-day trading, a decline of 83% from the average daily volume of 463,126 shares. The stock had previously closed at $13.24.
Analyst Upgrades and Downgrades
Several equities research analysts have weighed in on WBTN shares. HSBC started coverage on WEBTOON Entertainment in a research note on Wednesday, September 4th. They set a "buy" rating and a $23.00 price objective on the stock. Deutsche Bank Aktiengesellschaft decreased their price target on WEBTOON Entertainment from $18.00 to $16.00 and set a "buy" rating on the stock in a report on Tuesday, November 5th. Finally, Morgan Stanley dropped their price objective on shares of 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. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $26.83.
Check Out Our Latest Stock Analysis on WEBTOON Entertainment
WEBTOON Entertainment Stock Down 3.8 %
The stock's 50-day simple moving average is $11.62.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the stock. BNP Paribas Financial Markets purchased a new stake in WEBTOON Entertainment in the 3rd quarter valued at about $45,000. Sandia Investment Management LP purchased a new stake in shares of WEBTOON Entertainment in the second quarter valued at approximately $114,000. MetLife Investment Management LLC bought a new position in WEBTOON Entertainment in the third quarter worth approximately $107,000. WINTON GROUP Ltd purchased a new position in WEBTOON Entertainment during the 2nd quarter worth $413,000. Finally, Verition Fund Management LLC bought a new stake in WEBTOON Entertainment during the 3rd quarter valued at $261,000.
WEBTOON Entertainment Company Profile
(
Get Free Report)
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.
Featured Stories
Before you consider WEBTOON Entertainment, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and WEBTOON Entertainment wasn't on the list.
While WEBTOON Entertainment currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
