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David J. Lee, Chief Financial Officer, Chief Operating Officer, and Director at WEBTOON Entertainment Inc. (NASDAQ:WBTN), recently made a significant purchase of the company’s stock. According to a recent SEC filing, Lee acquired 7,205 shares of WEBTOON Entertainment’s common stock at an average price of approximately $9 per share. This transaction, which took place on February 28, 2025, represents a total investment of $64,845. The purchase comes as WBTN trades near its 52-week low of $8.75, having declined over 60% in the past year. InvestingPro analysis indicates the stock is currently trading below its Fair Value, with 12 key insights available to subscribers.
Following this purchase, Lee now holds a total of 291,053 shares directly. The acquisition was executed in multiple transactions, with prices ranging from $8.99 to $9.03 per share. This move underscores Lee’s confidence in the company’s prospects as he continues to serve in his executive roles. The company maintains a strong financial position with more cash than debt on its balance sheet and a healthy current ratio of 2.67, suggesting robust liquidity. For detailed analysis and comprehensive insights, check out the WBTN InvestingPro Research Report, part of our coverage of 1,400+ US stocks.
In other recent news, Webtoon Entertainment Inc. reported its fourth-quarter earnings, revealing a revenue of $352.8 million, which represents a 10.4% increase on a constant currency basis. However, the company posted a net loss of $153 million for the full year, with earnings per share falling short of expectations at -$0.03. Despite these results, adjusted EBITDA surged by 600% year-over-year to $67.9 million. The company faces challenges such as foreign exchange volatility and a decline in total monthly active users by 3.7%, primarily due to strategic shifts and regulatory issues in certain markets.
Analysts have responded to these developments with revised price targets. Evercore ISI reduced its price target for Webtoon from $27 to $23 while maintaining an Outperform rating, citing the company’s solid revenue growth when accounting for foreign exchange factors and an expansion in gross margins. Meanwhile, Goldman Sachs also lowered its price target from $25 to $15 but maintained a Buy rating, highlighting management’s confidence in long-term growth despite short-term pressures. Webtoon’s management is focusing on increasing user engagement and expanding its platform reach through strategic partnerships.
Looking ahead, Webtoon projects revenue for the first quarter of 2025 to be between $318 million and $328 million, with anticipated adjusted EBITDA ranging from $500,000 to $5.5 million. The company is investing in user engagement and product improvements, which are expected to contribute to future growth. Webtoon’s strategic focus remains on expanding its presence in key markets, particularly Japan, which significantly contributes to its revenue.
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