WEBTOON Entertainment Inc. (NASDAQ:WBTN - Get Free Report) insider Junkoo Kim acquired 11,372 shares of the business's stock in a transaction dated Wednesday, March 19th. The stock was acquired at an average cost of $8.73 per share, with a total value of $99,277.56. Following the purchase, the insider now directly owns 498,812 shares in the company, valued at $4,354,628.76. This represents a 2.33 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
WEBTOON Entertainment Trading Up 0.8 %
WEBTOON Entertainment stock opened at $8.73 on Friday. The company has a market capitalization of $1.12 billion and a price-to-earnings ratio of 18.98. The business's fifty day simple moving average is $10.93 and its two-hundred day simple moving average is $11.55. WEBTOON Entertainment Inc. has a 12 month low of $8.32 and a 12 month high of $25.66.
WEBTOON Entertainment (NASDAQ:WBTN - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The company reported ($0.14) earnings per share for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.06). The company had revenue of $352.85 million for the quarter, compared to the consensus estimate of $351.00 million. On average, equities research analysts predict that WEBTOON Entertainment Inc. will post -0.26 EPS for the current year.
Wall Street Analyst Weigh In
Several analysts have weighed in on the stock. Morgan Stanley lowered their price target on shares of WEBTOON Entertainment from $16.00 to $13.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 26th. JPMorgan Chase & Co. reduced their price target on WEBTOON Entertainment from $12.00 to $10.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 26th. Finally, The Goldman Sachs Group lowered their price objective on WEBTOON Entertainment from $25.00 to $15.00 and set a "buy" rating for the company in a research report on Wednesday, February 26th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $17.33.
View Our Latest Stock Analysis on WEBTOON Entertainment
Institutional Investors Weigh In On WEBTOON Entertainment
Several large investors have recently bought and sold shares of WBTN. BNP Paribas Financial Markets purchased a new stake in shares of WEBTOON Entertainment during the 3rd quarter valued at about $45,000. Deutsche Bank AG purchased a new stake in WEBTOON Entertainment in the fourth quarter worth approximately $54,000. New York State Common Retirement Fund bought a new stake in WEBTOON Entertainment in the 4th quarter worth approximately $60,000. JPMorgan Chase & Co. purchased a new stake in WEBTOON Entertainment during the 3rd quarter valued at $75,000. Finally, Wells Fargo & Company MN lifted its holdings in shares of WEBTOON Entertainment by 37.8% during the 4th quarter. Wells Fargo & Company MN now owns 8,168 shares of the company's stock valued at $111,000 after buying an additional 2,240 shares during the period.
About WEBTOON Entertainment
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Get Free Report)
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.
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