Webull (NASDAQ:BULL) Shares Down 5.9% – Should You Sell?

Webull Corporation (NASDAQ:BULL)’s share price traded down 5.9% on Friday . The stock traded as low as $6.94 and last traded at $7.0740. Approximately 3,144,421 shares were traded during mid-day trading, a decline of 74% from the average session volume of 12,086,591 shares. The stock had previously closed at $7.52.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Wall Street Zen downgraded Webull from a “hold” rating to a “sell” rating in a research report on Saturday, May 2nd. Weiss Ratings downgraded Webull from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, June 23rd. Finally, Rosenblatt Securities increased their target price on Webull from $12.00 to $13.00 and gave the company a “buy” rating in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $13.33.

Webull Price Performance

The stock has a market capitalization of $3.78 billion, a PE ratio of -6.13 and a beta of 0.55. The stock’s 50 day moving average is $6.77 and its two-hundred day moving average is $6.58. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.35 and a current ratio of 1.35.

Hedge Funds Weigh In On Webull

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Yong Rong HK Asset Management Ltd acquired a new stake in shares of Webull in the fourth quarter worth approximately $38,850,000. State Street Corp lifted its holdings in Webull by 23,123.1% in the 4th quarter. State Street Corp now owns 4,342,717 shares of the company’s stock valued at $33,743,000 after purchasing an additional 4,324,017 shares in the last quarter. Geode Capital Management LLC boosted its stake in Webull by 938.5% during the 4th quarter. Geode Capital Management LLC now owns 3,633,150 shares of the company’s stock worth $28,230,000 after purchasing an additional 3,283,295 shares during the last quarter. Millennium Management LLC raised its position in shares of Webull by 336.5% in the fourth quarter. Millennium Management LLC now owns 3,433,314 shares of the company’s stock valued at $26,677,000 after buying an additional 2,646,701 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its position in shares of Webull by 491.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,675,558 shares of the company’s stock valued at $20,789,000 after buying an additional 3,359,441 shares during the last quarter. Hedge funds and other institutional investors own 92.48% of the company’s stock.

Webull Company Profile

Webull Financial LLC is a commission-free online brokerage platform that provides individual investors with access to U.S. equities, exchange-traded funds (ETFs), options, and cryptocurrencies. Through its mobile and desktop applications, the company offers real-time market data, advanced charting tools, customizable watchlists, and streamlined order execution. Webull’s platform is designed to support both self-directed traders and investors seeking an intuitive interface coupled with professional-grade analytics.

In addition to its core trading services, Webull delivers educational resources and research tools to help users make informed decisions.