Webull Corporation (NASDAQ:BULL – Get Free Report)’s stock price traded up 5.3% during trading on Friday . The company traded as high as $8.14 and last traded at $8.12. Approximately 3,833,766 shares traded hands during mid-day trading, a decline of 70% from the average session volume of 12,613,411 shares. The stock had previously closed at $7.71.
Analyst Ratings Changes
A number of equities analysts recently weighed in on the stock. Weiss Ratings raised shares of Webull from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday. Wall Street Zen upgraded Webull from a “sell” rating to a “hold” rating in a report on Saturday, August 22nd. Rosenblatt Securities reissued a “buy” rating and issued a $15.00 price objective on shares of Webull in a research report on Friday, August 28th. Finally, Scotiabank assumed coverage on Webull in a research note on Wednesday, September 2nd. They issued a “sector perform” rating and a $9.00 price objective on the stock. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $11.00.
Get Our Latest Stock Report on BULL
Webull Trading Up 6.2%
Webull (NASDAQ:BULL – Get Free Report) last posted its quarterly earnings results on Wednesday, August 19th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.11. Webull had a net margin of 6.26% and a return on equity of 5.95%. The business had revenue of $198.83 million during the quarter. The business’s revenue for the quarter was up 51.2% compared to the same quarter last year. As a group, analysts predict that Webull Corporation will post 0.14 EPS for the current year.
Insider Transactions at Webull
In other news, General Counsel Benjamin James sold 50,273 shares of the firm’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $9.02, for a total value of $453,462.46. Following the completion of the sale, the general counsel directly owned 1,150,991 shares in the company, valued at $10,381,938.82. This trade represents a 4.19% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, President Anthony Michael Denier sold 53,848 shares of the company’s stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $8.83, for a total value of $475,477.84. Following the transaction, the president directly owned 2,332,295 shares in the company, valued at $20,594,164.85. The trade was a 2.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 212,967 shares of company stock valued at $1,938,685 in the last 90 days. 35.00% of the stock is currently owned by corporate insiders.
Institutional Trading of Webull
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BULL. Tidal Investments LLC lifted its position in shares of Webull by 148.8% during the 2nd quarter. Tidal Investments LLC now owns 2,741,993 shares of the company’s stock worth $17,878,000 after buying an additional 1,640,067 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Webull by 321.3% in the 1st quarter. Renaissance Technologies LLC now owns 1,535,199 shares of the company’s stock worth $7,369,000 after buying an additional 1,170,799 shares during the last quarter. Bank of New York Mellon Corp grew its position in Webull by 1.7% during the first quarter. Bank of New York Mellon Corp now owns 748,970 shares of the company’s stock valued at $3,595,000 after buying an additional 12,828 shares during the period. Healthcare of Ontario Pension Plan Trust Fund raised its position in Webull by 112.6% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 738,600 shares of the company’s stock worth $3,545,000 after acquiring an additional 391,236 shares during the period. Finally, WINTON GROUP Ltd increased its stake in shares of Webull by 319.2% during the 4th quarter. WINTON GROUP Ltd now owns 418,317 shares of the company’s stock worth $3,250,000 after purchasing an additional 318,526 shares during the last quarter. 92.48% of the stock is owned by institutional investors.
About Webull
Webull Corporation (NASDAQ: BULL) is a digital brokerage and financial technology company that operates an online investment platform for self-directed investors. Its platform is available through mobile applications, desktop software and a web interface, combining brokerage services with market data, research tools, charting capabilities and investor education resources.
Depending on the applicable jurisdiction, Webull provides access to products such as stocks, exchange-traded funds, options, fractional shares and cryptocurrency.
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