Webull Corporation (NASDAQ:BULL) Receives Consensus Recommendation of "Buy" from Analysts

Key Points

• Webull Corporation (NASDAQ:BULL) has received a consensus recommendation of "Buy" from four analyst firms, with a mix of hold, buy, and strong buy ratings.
• The average twelve-month price target among analysts for Webull is $18.50, with some analysts setting targets as high as $19.00.
• Institutional investors own 92.48% of Webull's stock, indicating strong institutional interest in the company.

Webull Corporation (NASDAQ:BULL - Get Free Report) has been given an average rating of "Buy" by the four ratings firms that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $18.50.

Several equities research analysts have recently issued reports on the stock. Weiss Ratings restated a "sell (d)" rating on shares of Webull in a report on Saturday, September 27th. Zacks Research raised shares of Webull to a "hold" rating in a research report on Friday, September 5th. Northland Securities initiated coverage on shares of Webull in a report on Thursday, September 4th. They issued an "outperform" rating and a $18.00 price objective on the stock. Northland Capmk raised shares of Webull to a "strong-buy" rating in a report on Thursday, September 4th. Finally, Rosenblatt Securities assumed coverage on shares of Webull in a report on Thursday, September 25th. They set a "buy" rating and a $19.00 price objective on the stock.

Institutional Trading of Webull

Several institutional investors have recently modified their holdings of the stock. Osaic Holdings Inc. acquired a new position in shares of Webull during the 2nd quarter worth $30,000. Tower Research Capital LLC TRC acquired a new stake in shares of Webull during the 2nd quarter worth about $69,000. Quantbot Technologies LP acquired a new stake in shares of Webull during the 2nd quarter worth about $71,000. Militia Capital Partners LP purchased a new position in shares of Webull during the 2nd quarter worth about $96,000. Finally, Sequoia Financial Advisors LLC purchased a new position in shares of Webull during the 2nd quarter worth about $120,000. Hedge funds and other institutional investors own 92.48% of the company's stock.

Webull Price Performance

Webull stock traded down $0.19 during midday trading on Friday, reaching $14.19. 23,655,715 shares of the company traded hands, compared to its average volume of 12,996,720. The stock has a market cap of $7.02 billion, a price-to-earnings ratio of -12.67 and a beta of -0.15. The company's 50 day simple moving average is $14.30. Webull has a 12 month low of $9.54 and a 12 month high of $79.56. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.42 and a quick ratio of 1.42.

About Webull

Webull Corp. engages in the provision of financial services. It offers trading, wealth management product distribution, market data and information, user community, and investor education. The company was founded by An Quan Wang in 2016 and is headquartered in St. Petersburg, FL.

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