WEBTOON Entertainment (WBTN) Scheduled to Post Quarterly Earnings on Thursday

WEBTOON Entertainment (NASDAQ:WBTNGet Free Report) will be announcing its earnings results after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of ($0.48) per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

WEBTOON Entertainment (NASDAQ:WBTNGet Free Report) last issued its earnings results on Thursday, August 8th. The company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of ($0.72) by $0.92. The company had revenue of $320.97 million during the quarter, compared to analyst estimates of $340.72 million. The business’s revenue was up .1% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.01) earnings per share. On average, analysts expect WEBTOON Entertainment to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

WEBTOON Entertainment Stock Performance

Shares of WEBTOON Entertainment stock opened at $11.17 on Tuesday. WEBTOON Entertainment has a twelve month low of $10.22 and a twelve month high of $25.66. The business’s 50 day moving average is $11.40.

Analysts Set New Price Targets

WBTN has been the topic of a number of recent research reports. The Goldman Sachs Group cut their target price on WEBTOON Entertainment from $62.00 to $55.00 and set a “buy” rating on the stock in a research note on Monday, August 12th. HSBC assumed coverage on shares of WEBTOON Entertainment in a research note on Wednesday, September 4th. They set a “buy” rating and a $23.00 target price for the company. Deutsche Bank Aktiengesellschaft dropped their price target on shares of WEBTOON Entertainment from $25.00 to $18.00 and set a “buy” rating on the stock in a research note on Monday, August 12th. JPMorgan Chase & Co. started coverage on WEBTOON Entertainment in a research report on Monday, July 22nd. They set a “neutral” rating and a $23.00 price objective for the company. Finally, Evercore ISI lowered their target price on WEBTOON Entertainment from $30.00 to $27.00 and set an “outperform” rating on the stock in a research report on Monday, August 12th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, WEBTOON Entertainment presently has an average rating of “Moderate Buy” and an average target price of $27.17.

Get Our Latest Stock Analysis on WBTN

Insider Activity at WEBTOON Entertainment

In other news, insider Junkoo Kim purchased 22,596 shares of the firm’s stock in a transaction on Friday, August 16th. The stock was purchased at an average cost of $11.88 per share, with a total value of $268,440.48. Following the purchase, the insider now owns 905,070 shares in the company, valued at $10,752,231.60. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other WEBTOON Entertainment news, insider Junkoo Kim purchased 22,596 shares of the company’s stock in a transaction on Friday, August 16th. The shares were purchased at an average cost of $11.88 per share, for a total transaction of $268,440.48. Following the completion of the transaction, the insider now owns 905,070 shares in the company, valued at $10,752,231.60. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Namsun Kim purchased 7,195 shares of the business’s stock in a transaction on Wednesday, August 21st. The stock was acquired at an average cost of $13.90 per share, with a total value of $100,010.50. Following the completion of the acquisition, the director now directly owns 7,195 shares in the company, valued at $100,010.50. The disclosure for this purchase can be found here. Insiders have purchased 56,526 shares of company stock worth $710,459 over the last quarter.

WEBTOON Entertainment Company Profile

(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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