Webull (NASDAQ:BULL) Shares Gap Down - Should You Sell?

Key Points

• Webull Corporation (NASDAQ:BULL) saw its shares gap down from $12.80 to $12.19 before trading, with the latest trading price at $12.02 amid high volume of over 57 million shares.
• Analyst ratings for Webull vary, with one firm giving a "strong buy" rating and a price target of $18.00, while others have issued "sell" and "hold" ratings, resulting in a consensus rating of "Moderate Buy".
• 92.48% of Webull's shares are owned by institutional investors and hedge funds, indicating significant institutional interest in the company.

Webull Corporation (NASDAQ:BULL - Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $12.80, but opened at $12.19. Webull shares last traded at $12.02, with a volume of 57,750,607 shares changing hands.

Analyst Ratings Changes

BULL has been the topic of a number of recent analyst reports. Northland Capmk raised shares of Webull to a "strong-buy" rating in a research report on Thursday, September 4th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Webull in a research report on Saturday, September 27th. Northland Securities assumed coverage on shares of Webull in a research note on Thursday, September 4th. They set an "outperform" rating and a $18.00 price target on the stock. Zacks Research upgraded shares of Webull to a "hold" rating in a research note 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 equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Webull presently has a consensus rating of "Moderate Buy" and a consensus price target of $18.50.

Webull Price Performance

The company has a 50 day moving average of $14.21. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.13. The stock has a market cap of $5.89 billion, a PE ratio of -10.63 and a beta of -0.15.

Hedge Funds Weigh In On Webull

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Osaic Holdings Inc. acquired a new position in Webull in the second quarter valued at approximately $30,000. Tower Research Capital LLC TRC acquired a new position in Webull in the second quarter valued at approximately $69,000. Quantbot Technologies LP acquired a new position in Webull in the second quarter valued at approximately $71,000. Militia Capital Partners LP acquired a new position in Webull in the second quarter valued at approximately $96,000. Finally, Sequoia Financial Advisors LLC acquired a new position in Webull in the second quarter valued at approximately $120,000. 92.48% of the stock is owned by institutional investors and hedge funds.

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.

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