Brokerages Set Webull Corporation (NASDAQ:BULL) Price Target at $18.50

Webull Corporation (NASDAQ:BULL) has earned an average rating of “Moderate Buy” from the five brokerages that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $18.50.

Several research firms have recently commented on BULL. Northland Capmk raised shares of Webull to a “strong-buy” rating in a research note on Thursday, September 4th. Wall Street Zen upgraded Webull from a “sell” rating to a “hold” rating in a research report on Friday, August 22nd. Zacks Research upgraded Webull to a “hold” rating in a research report on Friday, September 5th. Rosenblatt Securities assumed coverage on Webull in a research note on Thursday, September 25th. They set a “buy” rating and a $19.00 price target on the stock. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Webull in a research note on Saturday, September 27th.

Webull Stock Down 1.3%

Shares of NASDAQ:BULL opened at $14.19 on Friday. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.13. The company has a market cap of $7.02 billion, a price-to-earnings ratio of -12.67 and a beta of -0.15. Webull has a 12 month low of $9.54 and a 12 month high of $79.56. The stock’s 50-day moving average is $14.26.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Osaic Holdings Inc. bought a new stake in shares of Webull in the 2nd quarter valued at $30,000. Tower Research Capital LLC TRC bought a new position in Webull during the second quarter worth about $69,000. Quantbot Technologies LP bought a new stake in shares of Webull in the second quarter worth about $71,000. Militia Capital Partners LP bought a new stake in shares of Webull in the second quarter worth about $96,000. Finally, Sequoia Financial Advisors LLC bought a new stake in shares of Webull in the second quarter worth about $120,000. Institutional investors and hedge funds own 92.48% of the company’s stock.

Webull Company Profile

Webull Corp. engages in the provision of financial services. It offers trading, wealth management product distribution, market data and information, user community, and investor education. The company was founded by An Quan Wang in 2016 and is headquartered in St. Petersburg, FL.