Webull Corporation (NASDAQ:BULL) Stock Rated "Hold" by Wall Street Brokerages

Key Points

• Analysts have a consensus “Hold” rating on Webull, with one sell, two hold and two buy recommendations. The average 12-month price target is $11, versus the stock’s recent price of $7.26.
• Webull reported strong quarterly results, including $0.12 in earnings per share versus the $0.01 estimate and $198.83 million in revenue, up 51.2% year over year.
• Company insiders have been selling shares, including recent sales by the president and CFO; insiders sold 266,813 shares worth about $2.39 million over the past three months, while institutional investors own 92.48% of the stock.

Webull Corporation (NASDAQ:BULL - Get Free Report) has been assigned a consensus recommendation of "Hold" from the five research firms that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $11.00.

Several research firms have recently issued reports on BULL. Scotiabank started coverage on shares of Webull in a report on Wednesday, September 2nd. They issued a "sector perform" rating and a $9.00 price objective for the company. Wall Street Zen upgraded Webull from a "sell" rating to a "hold" rating in a research report on Saturday, August 22nd. Rosenblatt Securities restated a "buy" rating and issued a $15.00 price objective on shares of Webull in a report on Friday, August 28th. Finally, Weiss Ratings raised Webull from a "sell (d-)" rating to a "sell (d)" rating in a research note on Monday, September 14th.

Insider Buying and Selling at Webull

In other news, President Anthony Michael Denier sold 53,846 shares of the firm's stock in a transaction dated Monday, September 21st. The shares were sold at an average price of $8.32, for a total transaction of $447,998.72. Following the completion of the transaction, the president owned 2,224,603 shares in the company, valued at approximately $18,508,696.96. This trade represents a 2.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Haichen Wang sold 55,000 shares of Webull stock in a transaction that occurred on Monday, September 14th. The stock was 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 directly owned 772,046 shares in the company, valued at $6,932,973.08. This represents a 6.65% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 266,813 shares of company stock valued at $2,386,684. 35.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Tidal Investments LLC grew its holdings in shares of Webull by 148.8% in 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 during the last quarter. Renaissance Technologies LLC increased its stake in 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 purchasing an additional 1,170,799 shares in the last quarter. Greenland Capital Management LP raised its holdings in Webull by 0.3% during the 2nd quarter. Greenland Capital Management LP now owns 1,158,725 shares of the company's stock worth $2,225,000 after buying an additional 2,912 shares during the period. Bank of New York Mellon Corp raised its holdings in Webull by 1.7% during the 1st quarter. Bank of New York Mellon Corp now owns 748,970 shares of the company's stock worth $3,595,000 after buying an additional 12,828 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its stake in Webull by 112.6% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 738,600 shares of the company's stock valued at $3,545,000 after buying an additional 391,236 shares in the last quarter. Institutional investors own 92.48% of the company's stock.

Webull Trading Down 5.1%

BULL opened at $7.26 on Friday. The business's 50 day moving average is $8.25 and its 200-day moving average is $7.00. The stock has a market cap of $3.86 billion, a PE ratio of 90.76 and a beta of 0.58. Webull has a twelve month low of $4.50 and a twelve month high of $16.04.

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

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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