WEBTOON Entertainment Inc. (NASDAQ:WBTN) Receives Consensus Recommendation of “Moderate Buy” from Analysts

WEBTOON Entertainment Inc. (NASDAQ:WBTN) has been assigned a consensus recommendation of “Moderate Buy” from the six research firms that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $26.67.

Several analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft lowered their price objective on WEBTOON Entertainment from $18.00 to $16.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Morgan Stanley decreased their target price on WEBTOON Entertainment from $17.50 to $16.00 and set an “equal weight” rating for the company in a research report on Monday.

Institutional Trading of WEBTOON Entertainment

Several hedge funds have recently added to or reduced their stakes in WBTN. Federated Hermes Inc. acquired a new position in shares of WEBTOON Entertainment during the second quarter worth approximately $32,145,000. WINTON GROUP Ltd bought a new position in WEBTOON Entertainment during the second quarter worth $413,000. Hood River Capital Management LLC acquired a new position in WEBTOON Entertainment during the 2nd quarter valued at $10,352,000. Davidson Kempner Capital Management LP bought a new stake in WEBTOON Entertainment in the 2nd quarter valued at $1,610,000. Finally, Marshall Wace LLP acquired a new stake in WEBTOON Entertainment in the 2nd quarter worth $1,516,000.

WEBTOON Entertainment Stock Performance

WEBTOON Entertainment stock opened at $12.65 on Tuesday. WEBTOON Entertainment has a one year low of $10.05 and a one year high of $25.66. The stock’s fifty day simple moving average is $12.53.

WEBTOON Entertainment Company Profile

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.