Webull Corporation (NASDAQ:BULL) Stock Has Average Price Target of $11.00 According to Brokerages

Webull Corporation (NASDAQ:BULL – Get Free Report) has earned an average recommendation of “Hold” from the five ratings firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $11.00.

A number of analysts have recently issued reports on the stock. Rosenblatt Securities reissued a “buy” rating and issued a $15.00 price target on shares of Webull in a research report on Friday, August 28th. Scotiabank initiated coverage on shares of Webull in a research report on Wednesday, September 2nd. They set a “sector perform” rating and a $9.00 price objective on the stock. Wall Street Zen upgraded shares of Webull from a “sell” rating to a “hold” rating in a research report on Saturday, August 22nd. Finally, Weiss Ratings raised shares of Webull from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday, September 14th.

Check Out Our Latest Stock Analysis on BULL

Webull Trading Down 5.1%

Shares of BULL stock opened at $7.26 on Friday. The company has a market capitalization of $3.86 billion, a price-to-earnings ratio of 90.76 and a beta of 0.58. Webull has a 1-year low of $4.50 and a 1-year high of $16.04. The stock’s fifty day simple moving average is $8.25 and its 200-day simple moving average is $7.00.

Webull (NASDAQ:BULL – Get Free Report) last announced its quarterly earnings data on Wednesday, August 19th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.11. Webull had a return on equity of 5.95% and a net margin of 6.26%.The firm had revenue of $198.83 million during the quarter. Webull’s quarterly revenue was up 51.2% on a year-over-year basis. On average, sell-side analysts predict that Webull will post 0.14 EPS for the current year.

Insider Activity at Webull

In related news, President Anthony Michael Denier sold 53,846 shares of Webull stock in a transaction on Monday, September 21st. The stock was sold at an average price of $8.32, for a total transaction of $447,998.72. Following the completion of the sale, the president owned 2,224,603 shares of the company’s stock, valued at approximately $18,508,696.96. This trade represents a 2.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Haichen Wang sold 55,000 shares of the company’s stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $8.98, for a total value of $493,900.00. Following the completion of the transaction, the chief financial officer directly owned 772,046 shares in the company, valued at approximately $6,932,973.08. The trade was a 6.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 266,813 shares of company stock valued at $2,386,684. Insiders own 35.00% of the company’s stock.

Institutional Investors Weigh In On Webull

Large investors have recently made changes to their positions in the company. Tidal Investments LLC boosted its stake 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 acquiring an additional 1,640,067 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Webull by 321.3% during 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 period. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in Webull by 112.6% in the 1st 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. Quantinno Capital Management LP bought a new stake in Webull during the first quarter valued at about $1,584,000. Finally, WINTON GROUP Ltd increased its stake in shares of Webull by 319.2% in the fourth 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 period. Institutional investors own 92.48% of the company’s stock.

About Webull

(Get Free Report)

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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Analyst Recommendations for Webull (NASDAQ:BULL)

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