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

Shares of Webull Corporation (NASDAQ:BULL) have earned an average recommendation of “Moderate Buy” from the five brokerages that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $18.50.

Several equities analysts recently issued reports on the company. Northland Securities began coverage on Webull in a report on Thursday, September 4th. They set an “outperform” rating and a $18.00 price objective for the company. Zacks Research upgraded Webull to a “hold” rating in a research report on Friday, September 5th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Webull in a research note on Wednesday, October 8th. Wall Street Zen upgraded shares of Webull from a “sell” rating to a “hold” rating in a research report on Friday, August 22nd. Finally, Northland Capmk raised shares of Webull to a “strong-buy” rating in a research note on Thursday, September 4th.

Webull Price Performance

Shares of NASDAQ:BULL opened at $10.79 on Tuesday. The stock has a market cap of $5.34 billion, a price-to-earnings ratio of -9.63 and a beta of -0.15. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.42 and a quick ratio of 1.42. The stock’s 50 day moving average price is $13.05. Webull has a 12 month low of $9.54 and a 12 month high of $79.56.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Sequoia Financial Advisors LLC acquired a new position in shares of Webull during the 2nd quarter worth approximately $120,000. Caitong International Asset Management Co. Ltd purchased a new position in Webull during the second quarter worth $439,000. Marathon Trading Investment Management LLC purchased a new stake in shares of Webull in the second quarter valued at $598,000. Geode Capital Management LLC purchased a new stake in shares of Webull in the second quarter valued at $3,810,000. Finally, Warberg Asset Management LLC acquired a new stake in shares of Webull during the second quarter valued at $359,000. 92.48% of the stock is owned by hedge funds and other institutional investors.

About Webull

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.