Webull (NASDAQ:BULL) Coverage Initiated at Rosenblatt Securities

Key Points

• Rosenblatt Securities has initiated coverage of Webull (NASDAQ:BULL) with a buy rating and a price target of $19.00, indicating a potential upside of 36.01% from the current stock price.
• As of now, Webull has a consensus rating of Buy with an average target price of $18.50, reflecting a positive outlook among various analysts.
• The company has a market capitalization of $6.91 billion and is experiencing significant institutional investor interest, with 92.48% of its stock owned by institutional investors.

Research analysts at Rosenblatt Securities began coverage on shares of Webull (NASDAQ:BULL - Get Free Report) in a research note issued on Thursday,Benzinga reports. The firm set a "buy" rating and a $19.00 price target on the stock. Rosenblatt Securities' price objective would suggest a potential upside of 36.01% from the stock's current price.

BULL has been the topic of several other reports. Northland Securities initiated coverage on shares of Webull in a report on Thursday, September 4th. They set an "outperform" rating and a $18.00 price target on the stock. Northland Capmk upgraded shares of Webull to a "strong-buy" rating in a report on Thursday, September 4th. Zacks Research upgraded shares of Webull to a "hold" rating in a report on Friday, September 5th. Finally, Wall Street Zen upgraded shares of Webull from a "sell" rating to a "hold" rating in a research note on Friday, August 22nd. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Webull currently has a consensus rating of "Buy" and an average target price of $18.50.

Webull Price Performance

NASDAQ:BULL opened at $13.97 on Thursday. Webull has a one year low of $9.54 and a one year high of $79.56. The company has a market capitalization of $6.91 billion, a P/E ratio of -12.47 and a beta of -0.17. The stock's 50-day simple moving average is $14.46. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.13.

Hedge Funds Weigh In On Webull

A number of institutional investors have recently made changes to their positions in the stock. Osaic Holdings Inc. bought a new position in shares of Webull in the 2nd quarter worth $30,000. Tower Research Capital LLC TRC bought a new position in shares of Webull during the 2nd quarter valued at $69,000. Quantbot Technologies LP bought a new position in shares of Webull during the 2nd quarter valued at $71,000. Militia Capital Partners LP bought a new position in shares of Webull during the 2nd quarter valued at $96,000. Finally, Sequoia Financial Advisors LLC bought a new position in shares of Webull during the 2nd quarter valued at $120,000. Institutional investors own 92.48% of the company's stock.

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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