WEBTOON Entertainment (NASDAQ:WBTN) Shares Gap Down – Here’s What Happened

WEBTOON Entertainment Inc. (NASDAQ:WBTN) gapped down before the market opened on Tuesday . The stock had previously closed at $13.31, but opened at $11.52. WEBTOON Entertainment shares last traded at $11.9090, with a volume of 46,094 shares trading hands.

Wall Street Analyst Weigh In

WBTN has been the subject of a number of research analyst reports. Wall Street Zen downgraded shares of WEBTOON Entertainment from a “hold” rating to a “sell” rating in a research note on Monday, March 2nd. Evercore reissued an “outperform” rating and set a $15.00 target price on shares of WEBTOON Entertainment in a research report on Wednesday, March 4th. Weiss Ratings reissued a “sell (d-)” rating on shares of WEBTOON Entertainment in a research report on Monday, April 20th. The Goldman Sachs Group reissued a “neutral” rating and set a $10.00 target price on shares of WEBTOON Entertainment in a research report on Thursday, March 5th. Finally, HSBC downgraded shares of WEBTOON Entertainment from a “buy” rating to a “hold” rating and set a $11.50 target price for the company. in a research report on Wednesday, March 4th. Three equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $15.07.

WEBTOON Entertainment Price Performance

The company’s 50-day simple moving average is $10.73 and its 200-day simple moving average is $12.45. The company has a market cap of $1.72 billion, a price-to-earnings ratio of -4.98 and a beta of 2.59.

Institutional Trading of WEBTOON Entertainment

Hedge funds have recently made changes to their positions in the stock. FNY Investment Advisers LLC acquired a new stake in shares of WEBTOON Entertainment during the third quarter worth approximately $39,000. Rockefeller Capital Management L.P. acquired a new stake in shares of WEBTOON Entertainment during the fourth quarter worth approximately $27,000. State of Alaska Department of Revenue acquired a new stake in shares of WEBTOON Entertainment during the third quarter worth approximately $55,000. BNP Paribas Financial Markets grew its position in shares of WEBTOON Entertainment by 103.4% during the third quarter. BNP Paribas Financial Markets now owns 3,548 shares of the company’s stock worth $69,000 after buying an additional 1,804 shares in the last quarter. Finally, Chung Wu Investment Group LLC acquired a new stake in shares of WEBTOON Entertainment during the third quarter worth approximately $78,000.

About WEBTOON Entertainment

Webtoon Entertainment Inc operates WEBTOON, a leading digital comics platform offering a diverse library of user-generated and professionally produced webcomics. The company enables creators around the world to publish serialized content in a vertical-scrolling format optimized for mobile and web consumption. Through its platform, readers can access thousands of titles across genres such as romance, fantasy, drama, and action, with both free-to-read episodes and advanced access options supported by microtransactions and advertising.

Founded as part of Naver Corporation and launched internationally in 2014, Webtoon Entertainment has grown rapidly by fostering a direct connection between comic creators and global audiences.