WEBTOON Entertainment (NASDAQ:WBTN - Free Report) had its price objective decreased by Deutsche Bank Aktiengesellschaft from $25.00 to $18.00 in a research report report published on Monday morning, Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock.
A number of other equities analysts also recently commented on the stock. JPMorgan Chase & Co. started coverage on shares of WEBTOON Entertainment in a research note on Monday, July 22nd. They set a neutral rating and a $23.00 target price on the stock. Evercore ISI reduced their price target on shares of WEBTOON Entertainment from $30.00 to $27.00 and set an outperform rating on the stock in a research report on Monday. Morgan Stanley initiated coverage on WEBTOON Entertainment in a research report on Monday, July 22nd. They issued an equal weight rating and a $23.00 price objective for the company. Finally, The Goldman Sachs Group cut their target price on WEBTOON Entertainment from $62.00 to $55.00 and set a buy rating for the company in a research note on Monday. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $29.20.
View Our Latest Report on WBTN
WEBTOON Entertainment Stock Down 5.6 %
Shares of NASDAQ:WBTN traded down $0.72 during midday trading on Monday, hitting $12.03. The company had a trading volume of 1,025,369 shares, compared to its average volume of 661,623. WEBTOON Entertainment has a twelve month low of $11.15 and a twelve month high of $25.66.
WEBTOON Entertainment (NASDAQ:WBTN - Get Free Report) last issued its earnings results on Thursday, August 8th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.72) by $0.92. The company had revenue of $320.97 million during the quarter, compared to analysts' expectations of $340.72 million. During the same quarter in the previous year, the company earned ($0.01) earnings per share. The firm's quarterly revenue was up .1% compared to the same quarter last year. As a group, equities analysts forecast that WEBTOON Entertainment will post -1.31 earnings per share for the current fiscal year.
Institutional Trading of WEBTOON Entertainment
A hedge fund recently bought a new stake in WEBTOON Entertainment stock. WINTON GROUP Ltd purchased a new position in shares of WEBTOON Entertainment Inc. (NASDAQ:WBTN - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 18,087 shares of the company's stock, valued at approximately $413,000.
WEBTOON Entertainment Company Profile
(Get Free Report)
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.
Recommended Stories
- Five stocks we like better than WEBTOON Entertainment
- Best of the list of Dividend Aristocrats: Build wealth with the aristocrat index
- How to Invest in Silver: A Beginner's Guide
- 3 Must-Buy Warren Buffett Stocks for Volatile Times
- Monday.com's Stock Results Will Brighten Any Investor's Week
- Conference Calls and Individual Investors
- 3 Must-Watch Stocks After a Bullish Goldman Sachs Recommendation
→ Tim Sykes’ Urgent Trade Alert: “Make this move now” (From Timothy Sykes) (Ad)
Should you invest $1,000 in WEBTOON Entertainment right now?
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
7 Stocks to Buy And Hold Forever
Click the link below and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
