WEBTOON Entertainment (NASDAQ:WBTN) Announces Earnings Results

WEBTOON Entertainment (NASDAQ:WBTN) released its quarterly earnings results on Tuesday. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.06), Zacks reports. WEBTOON Entertainment updated its Q1 2025 guidance to EPS.

WEBTOON Entertainment Stock Down 2.0 %

WBTN traded down $0.20 during midday trading on Tuesday, hitting $10.03. The company’s stock had a trading volume of 368,764 shares, compared to its average volume of 274,352. WEBTOON Entertainment has a 52-week low of $9.95 and a 52-week high of $25.66. The firm has a 50-day moving average price of $12.59 and a two-hundred day moving average price of $12.09.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on WBTN shares. The Goldman Sachs Group dropped their price objective on WEBTOON Entertainment from $48.00 to $25.00 and set a “buy” rating for the company in a research report on Monday, January 27th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of WEBTOON Entertainment from $18.00 to $16.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Finally, Morgan Stanley cut their price objective on shares of WEBTOON Entertainment from $17.50 to $16.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $21.67.

About WEBTOON Entertainment

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.