WEBTOON Entertainment (NASDAQ:WBTN) PT Lowered to $27.00

WEBTOON Entertainment (NASDAQ:WBTN) had its target price cut by Evercore ISI from $30.00 to $27.00 in a research report sent to investors on Monday morning, Benzinga reports. They currently have an outperform rating on the stock.

WBTN has been the topic of a number of other reports. JPMorgan Chase & Co. assumed coverage on WEBTOON Entertainment in a report on Monday, July 22nd. They issued a neutral rating and a $23.00 price target on the stock. Morgan Stanley assumed coverage on WEBTOON Entertainment in a report on Monday, July 22nd. They issued an equal weight rating and a $23.00 price target on the stock. The Goldman Sachs Group assumed coverage on WEBTOON Entertainment in a report on Monday, July 22nd. They issued a buy rating and a $62.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft began coverage on WEBTOON Entertainment in a report on Monday, July 22nd. They issued a buy rating and a $25.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of Moderate Buy and an average target price of $29.20.

WEBTOON Entertainment Price Performance

NASDAQ:WBTN opened at $12.61 on Monday. WEBTOON Entertainment has a 1 year low of $11.15 and a 1 year high of $25.66.

WEBTOON Entertainment (NASDAQ:WBTN) last posted its earnings results on Thursday, August 8th. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.72) by $0.92. The business had revenue of $320.97 million during the quarter, compared to analyst estimates of $340.72 million. During the same period in the previous year, the firm posted ($0.01) earnings per share. The firm’s revenue was up .1% on a year-over-year basis. Sell-side analysts predict that WEBTOON Entertainment will post -1.31 EPS for the current fiscal year.

Institutional Trading of WEBTOON Entertainment

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Sandia Investment Management LP bought a new stake in WEBTOON Entertainment during the second quarter worth about $114,000. WINTON GROUP Ltd acquired a new position in WEBTOON Entertainment during the second quarter worth approximately $413,000. Squarepoint Ops LLC acquired a new position in WEBTOON Entertainment during the second quarter worth approximately $1,256,000. Marshall Wace LLP acquired a new position in WEBTOON Entertainment during the second quarter worth approximately $1,516,000. Finally, Point72 DIFC Ltd acquired a new position in WEBTOON Entertainment during the second quarter worth approximately $1,541,000.

About WEBTOON Entertainment

Our Vision To be the world’s storytelling technology platform empowering creation by anyone, for everyone. WEBTOON is a global storytelling platform where a vibrant community of creators and users discover, create and share new content. We have pioneered a cultural movement by revolutionizing the storytelling format and democratizing content creation and publication.