Webull (NASDAQ:BULL) Coverage Initiated at Scotiabank

Key Points

• Scotiabank initiated coverage of Webull with a “sector perform” rating and a $9.00 price target, implying about 1.42% downside from the stock’s $9.13 opening price.
• Webull reported strong quarterly results, including $0.12 in earnings per share versus a $0.01 consensus estimate and revenue of $198.83 million, up 51.2% year over year.
• Analyst sentiment remains positive overall, with a consensus “Moderate Buy” rating and a $12.75 target price, although company executives recently sold shares and institutional investors own 92.48% of the stock.

Equities research analysts at Scotiabank started coverage on shares of Webull (NASDAQ:BULL - Get Free Report) in a research note issued to investors on Wednesday, Marketbeat reports. The brokerage set a "sector perform" rating and a $9.00 price target on the stock. Scotiabank's price objective indicates a potential downside of 1.42% from the company's current price.

BULL has been the subject of several other reports. Wall Street Zen upgraded Webull from a "sell" rating to a "hold" rating in a research report on Saturday, August 22nd. Rosenblatt Securities reissued a "buy" rating and issued a $15.00 target price on shares of Webull in a report on Friday, August 28th. Finally, Weiss Ratings raised shares of Webull from a "sell (e+)" rating to a "sell (d-)" rating in a report on Wednesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $12.75.

Webull Price Performance

Shares of BULL opened at $9.13 on Wednesday. Webull has a one year low of $4.50 and a one year high of $16.04. The company has a market cap of $4.86 billion, a P/E ratio of 114.14 and a beta of 0.57. The firm has a 50 day simple moving average of $7.70 and a two-hundred day simple moving average of $6.66.

Webull (NASDAQ:BULL - Get Free Report) last released its earnings results on Wednesday, August 19th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.11. The firm had revenue of $198.83 million during the quarter. Webull had a return on equity of 5.95% and a net margin of 6.26%.The business's revenue was up 51.2% compared to the same quarter last year. On average, analysts expect that Webull will post 0.14 earnings per share for the current fiscal year.

Insider Transactions at Webull

In other news, General Counsel Benjamin Worthy James sold 50,273 shares of Webull stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $9.02, for a total transaction of $453,462.46. Following the sale, the general counsel directly owned 1,150,991 shares of the company's stock, valued at approximately $10,381,938.82. This trade represents a 4.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, President Anthony Michael Denier sold 53,848 shares of the business's stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $8.83, for a total value of $475,477.84. Following the sale, the president owned 2,332,295 shares in the company, valued at approximately $20,594,164.85. This trade represents a 2.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 35.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Webull

Institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC bought a new position in shares of Webull during the second quarter valued at $3,810,000. Quantbot Technologies LP acquired a new stake in Webull in the second quarter valued at $71,000. Sandia Investment Management LP bought a new position in Webull during the 2nd quarter worth $771,000. Cable Car Capital LP acquired a new position in Webull during the 2nd quarter worth about $1,046,000. Finally, AQR Arbitrage LLC bought a new stake in shares of Webull in the 2nd quarter valued at about $1,747,000. 92.48% of the stock is owned by institutional investors.

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.

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