WEBTOON Entertainment (NASDAQ:WBTN) Earns Neutral Rating from The Goldman Sachs Group

WEBTOON Entertainment (NASDAQ:WBTN)‘s stock had its “neutral” rating reissued by stock analysts at The Goldman Sachs Group in a report released on Thursday, Marketbeat.com reports. They currently have a $10.00 price target on the stock. The Goldman Sachs Group’s target price suggests a potential upside of 2.99% from the stock’s current price.

WBTN has been the subject of several other research reports. UBS Group cut WEBTOON Entertainment from a “buy” rating to a “neutral” rating in a research report on Friday, November 14th. Weiss Ratings restated a “sell (d-)” rating on shares of WEBTOON Entertainment in a research note on Wednesday, January 21st. Zacks Research lowered shares of WEBTOON Entertainment from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 20th. Wall Street Zen downgraded shares of WEBTOON Entertainment from a “hold” rating to a “sell” rating in a report on Monday, March 2nd. Finally, Evercore restated an “outperform” rating and set a $15.00 target price on shares of WEBTOON Entertainment in a research report on Wednesday. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, WEBTOON Entertainment currently has a consensus rating of “Hold” and a consensus target price of $15.07.

WEBTOON Entertainment Stock Performance

Shares of WEBTOON Entertainment stock opened at $9.71 on Thursday. WEBTOON Entertainment has a fifty-two week low of $6.75 and a fifty-two week high of $22.47. The company has a market capitalization of $1.27 billion, a P/E ratio of -3.66 and a beta of 1.94. The company has a fifty day moving average of $12.15 and a 200 day moving average of $14.53.

WEBTOON Entertainment (NASDAQ:WBTN) last posted its quarterly earnings results on Tuesday, March 3rd. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.01). WEBTOON Entertainment had a negative net margin of 24.94% and a positive return on equity of 1.36%. The business had revenue of $330.69 million for the quarter, compared to the consensus estimate of $336.77 million. During the same period in the prior year, the business earned ($0.03) earnings per share. WEBTOON Entertainment’s revenue was down 6.3% compared to the same quarter last year. Analysts forecast that WEBTOON Entertainment will post -0.26 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Invesco Ltd. bought a new stake in WEBTOON Entertainment in the first quarter worth $123,000. Jacobs Levy Equity Management Inc. bought a new position in WEBTOON Entertainment during the first quarter valued at $228,000. Dynamic Technology Lab Private Ltd bought a new position in WEBTOON Entertainment during the first quarter valued at $129,000. Jane Street Group LLC purchased a new position in shares of WEBTOON Entertainment in the 1st quarter worth $619,000. Finally, CWM LLC grew its stake in shares of WEBTOON Entertainment by 649.0% in the 2nd quarter. CWM LLC now owns 4,674 shares of the company’s stock worth $42,000 after buying an additional 4,050 shares in the last quarter.

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.