Webull (NASDAQ:BULL) Stock Price Up 7.1% - Here's Why

Key Points

• Webull shares jumped 7.1% to about $9.64, although trading volume was 79% below the average session.
• The company’s latest results beat expectations, with adjusted EPS of $0.12 versus a $0.01 consensus estimate and revenue of $198.83 million, up 51.2% year over year.
• Analyst sentiment is moderately positive, with a consensus “Moderate Buy” rating and an average price target of $12.75; however, two executives recently sold shares under a pre-arranged trading plan.

Shares of Webull Corporation (NASDAQ:BULL - Get Free Report) shot up 7.1% on Thursday . The company traded as high as $9.67 and last traded at $9.6420. Approximately 2,571,377 shares changed hands during trading, a decline of 79% from the average session volume of 12,398,712 shares. The stock had previously closed at $9.00.

Analyst Ratings Changes

A number of brokerages have recently commented on BULL. Scotiabank assumed coverage on shares of Webull in a research report on Wednesday. They set a "sector perform" rating and a $9.00 target price on the stock. Weiss Ratings upgraded Webull from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Wednesday, August 19th. Rosenblatt Securities reissued a "buy" rating and issued a $15.00 target price on shares of Webull in a research report on Friday, August 28th. Finally, Wall Street Zen raised shares of Webull from a "sell" rating to a "hold" rating in a research report on Saturday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $12.75.

Webull Stock Up 11.9%

The firm has a market capitalization of $5.36 billion, a PE ratio of 126.70 and a beta of 0.58. The stock has a 50-day moving average price of $7.75 and a 200 day moving average price of $6.68.

Webull (NASDAQ:BULL - Get Free Report) last issued its quarterly 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%. Webull's revenue was up 51.2% on a year-over-year basis. As a group, equities analysts predict that Webull Corporation will post 0.14 earnings per share for the current fiscal year.

Insider Buying and Selling at Webull

In related news, General Counsel Benjamin Worthy James sold 50,273 shares of the business's stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $9.02, for a total transaction of $453,462.46. Following the completion of the sale, the general counsel owned 1,150,991 shares in the company, valued at $10,381,938.82. The trade was a 4.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President Anthony Michael Denier sold 53,848 shares of the stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $8.83, for a total transaction of $475,477.84. Following the completion of the transaction, the president owned 2,332,295 shares in the company, valued at $20,594,164.85. This 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 currently owned by insiders.

Institutional Investors Weigh In On Webull

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Quantinno Capital Management LP acquired a new position in Webull during the first quarter worth approximately $1,584,000. Renaissance Technologies LLC grew its position in shares of Webull by 321.3% during the first quarter. Renaissance Technologies LLC now owns 1,535,199 shares of the company's stock worth $7,369,000 after acquiring an additional 1,170,799 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of Webull in the 4th quarter valued at $799,000. Healthcare of Ontario Pension Plan Trust Fund raised its position 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 valued at $3,545,000 after purchasing an additional 391,236 shares during the last quarter. Finally, WINTON GROUP Ltd boosted its stake in shares of Webull by 319.2% during the fourth quarter. WINTON GROUP Ltd now owns 418,317 shares of the company's stock worth $3,250,000 after buying an additional 318,526 shares during the period. 92.48% of the stock is currently owned by institutional investors and hedge funds.

About Webull

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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