WEBTOON Entertainment (WBTN) Expected to Announce Earnings on Tuesday

WEBTOON Entertainment (NASDAQ:WBTN) is expected to issue its quarterly earnings data after the market closes on Tuesday, February 25th. Analysts expect the company to announce earnings of ($0.08) per share and revenue of $351.00 million for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

WEBTOON Entertainment Stock Down 0.7 %

Shares of WEBTOON Entertainment stock opened at $10.49 on Monday. The stock’s fifty day moving average is $12.64 and its two-hundred day moving average is $12.22. WEBTOON Entertainment has a 52 week low of $10.05 and a 52 week high of $25.66.

Analyst Upgrades and Downgrades

WBTN has been the topic of several research analyst reports. The Goldman Sachs Group cut their price objective on WEBTOON Entertainment from $48.00 to $25.00 and set a “buy” rating on the stock in a research report on Monday, January 27th. Morgan Stanley dropped their price target on WEBTOON Entertainment from $17.50 to $16.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on WEBTOON Entertainment from $18.00 to $16.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, WEBTOON Entertainment presently has a consensus rating of “Moderate Buy” and a consensus 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.