Webull (NASDAQ:BULL) Earns Outperform Rating from Analysts at Northland Securities

Key Points

• Northland Securities has initiated coverage of Webull (NASDAQ:BULL) with an "outperform" rating and a price target of $18.00, suggesting a potential upside of 38.36% from its previous close.
• Webull received a rating upgrade from "sell" to "hold" by Wall Street Zen, contributing to a consensus rating of "Buy" among analysts.
• Large institutional investors recently acquired significant positions in Webull, indicating a strong interest, with hedge funds owning 92.48% of the stock.

Analysts at Northland Securities initiated coverage on shares of Webull (NASDAQ:BULL - Get Free Report) in a note issued to investors on Thursday, Marketbeat reports. The brokerage set an "outperform" rating and a $18.00 price target on the stock. Northland Securities' target price would suggest a potential upside of 35.03% from the company's current price.

Separately, Wall Street Zen raised Webull from a "sell" rating to a "hold" rating in a research note on Friday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Webull presently has an average rating of "Buy" and a consensus price target of $18.00.

Webull Stock Performance

Shares of BULL traded down $0.06 during trading hours on Thursday, hitting $13.33. 3,320,620 shares of the company were exchanged, compared to its average volume of 12,188,555. The company's 50 day simple moving average is $14.40. Webull has a 52 week low of $9.54 and a 52 week high of $79.56. The company has a market capitalization of $6.15 billion, a P/E ratio of -11.90 and a beta of -0.17. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.42 and a current ratio of 1.42.

Institutional Trading of Webull

A number of hedge funds have recently made changes to their positions in BULL. HSG Holding Ltd purchased a new stake in Webull during the 2nd quarter valued at $113,109,000. General Atlantic L.P. purchased a new position in Webull in the 2nd quarter worth approximately $85,491,000. Marshall Wace LLP acquired a new position in Webull in the 2nd quarter valued at about $14,771,000. Azora Capital LP acquired a new position in Webull in the second quarter valued at approximately $9,216,000. Finally, BNP Paribas Financial Markets purchased a new position in shares of Webull during the second quarter worth about $3,871,000. 92.48% of the stock is owned by institutional investors.

Webull Company Profile

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.