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

Shares of Webull Corporation (NASDAQ:BULL) have been assigned a consensus rating of “Hold” from the five ratings firms that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $11.00.

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

Insider Activity at Webull

In related news, CFO Haichen Wang sold 55,000 shares of the company’s stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $8.98, for a total transaction of $493,900.00. Following the completion of the transaction, the chief financial officer owned 772,046 shares of the company’s stock, valued at approximately $6,932,973.08. This represents a 6.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel Benjamin James sold 50,273 shares of the business’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 sale, the general counsel owned 1,150,991 shares of the company’s stock, valued at $10,381,938.82. The trade was a 4.19% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 266,813 shares of company stock valued at $2,386,684. 35.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Webull

Several hedge funds have recently modified their holdings of the stock. Tidal Investments LLC boosted its position in Webull by 148.8% in the 2nd quarter. Tidal Investments LLC now owns 2,741,993 shares of the company’s stock valued at $17,878,000 after buying an additional 1,640,067 shares during the last quarter. Integrated Wealth Concepts LLC grew its position in shares of Webull by 92.1% during the second quarter. Integrated Wealth Concepts LLC now owns 42,740 shares of the company’s stock worth $279,000 after buying an additional 20,487 shares in the last quarter. Allworth Financial LP increased its stake in shares of Webull by 67.0% in the second quarter. Allworth Financial LP now owns 8,320 shares of the company’s stock worth $54,000 after buying an additional 3,337 shares during the last quarter. Waverly Advisors LLC bought a new stake in shares of Webull in the second quarter worth $87,000. Finally, Corient Private Wealth LP raised its stake in shares of Webull by 76.4% in the 2nd quarter. Corient Private Wealth LP now owns 406,761 shares of the company’s stock valued at $2,652,000 after purchasing an additional 176,233 shares in the last quarter. 92.48% of the stock is currently owned by hedge funds and other institutional investors.

Webull Stock Performance

NASDAQ BULL opened at $7.03 on Friday. Webull has a one year low of $4.50 and a one year high of $15.04. The firm’s fifty day moving average is $8.18 and its two-hundred day moving average is $7.06. The firm has a market cap of $3.74 billion, a PE ratio of 87.89 and a beta of 0.64.

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

Webull Company Profile

Webull Corporation (NASDAQ:BULL) is a financial technology company that operates a digital investment platform and online brokerage. Its services are designed for self-directed investors and provide access to market information, research tools, charting and portfolio-management features through mobile and web-based applications.

Through its brokerage businesses, Webull offers trading in products that may include U.S.-listed stocks, exchange-traded funds, options and fractional shares, along with retirement accounts, margin services and other investing features, subject to availability and regulatory requirements.