Webull (NASDAQ:BULL) Shares Gap Up After Earnings Beat

Key Points

• Webull shares jumped after a major earnings beat: The company reported second-quarter EPS of $0.12 versus the $0.01 consensus estimate, while revenue rose 51.2% year over year to $198.8 million. Net income reached $24.4 million, reversing a loss in the prior-year quarter.
• Trading activity and customer metrics surged: Trading-related revenue increased 66%, equity volume rose 73% to $279 billion, and funded accounts reached 5.13 million. Customer assets climbed 79% to $28.5 billion, while Webull repurchased approximately 1.82 million shares.
• Analyst sentiment is broadly positive but mixed: Rosenblatt upgraded Webull to “Buy” and raised its price target to $15, contributing to a “Moderate Buy” consensus and $14 average target price, though other firms maintained or issued “Sell” ratings.

Shares of Webull Corporation (NASDAQ:BULL - Get Free Report) gapped up prior to trading on Thursday following a stronger than expected earnings report. The stock had previously closed at $8.64, but opened at $9.94. Webull shares last traded at $9.5750, with a volume of 13,965,437 shares changing hands.

The company reported $0.12 EPS for the quarter, topping analysts' consensus estimates of $0.01 by $0.11. The company had revenue of $198.83 million during the quarter. Webull had a negative net margin of 1.64% and a positive return on equity of 2.44%. The firm's revenue for the quarter was up 51.2% on a year-over-year basis.

Key Stories Impacting Webull

Here are the key news stories impacting Webull this week:

• Positive Sentiment: Record revenue and return to profitability: Webull reported second-quarter revenue of $198.8 million, up 51.2% year over year, while net income reached $24.4 million versus a $28.3 million loss in the prior-year quarter. Reported EPS of $0.12 exceeded the consensus estimate of $0.01. Webull Reports Second Quarter 2026 Financial Results
• Positive Sentiment: Trading metrics accelerated: Trading-related revenue rose 66%, equity notional volume increased 73% to $279 billion, options volume climbed 68% to 213 million contracts, and daily average revenue trades grew 62% to 1.6 million. The company attributed stronger engagement in part to the elimination of the Pattern Day Trader rule. Webull Delivers Record Q2 2026 Results
• Positive Sentiment: Customer growth and capital returns supported sentiment: Customer assets increased 79% to $28.5 billion, funded accounts reached 5.13 million, and Webull repurchased and canceled approximately 1.82 million shares during the quarter. Management also highlighted international expansion and plans to build its institutional business.
• Positive Sentiment: Analyst support: Rosenblatt Securities assigned Webull a “Buy” rating, adding to the positive reaction to the earnings report. Webull Earns Buy Rating from Rosenblatt Securities
• Neutral Sentiment: Unusually heavy options activity and a broader rally in retail brokerage stocks, helped by rising cryptocurrency prices, may have amplified the move but are less direct indicators of Webull’s fundamentals.
• Negative Sentiment: Recent insider activity included a sale of 75,000 shares by President Anthony Denier. Institutional ownership data was mixed, with some large investors adding shares while others reduced or exited positions.

Wall Street Analysts Forecast Growth

BULL has been the topic of a number of recent analyst reports. Wall Street Zen lowered Webull from a "hold" rating to a "sell" rating in a research note on Saturday, May 2nd. Rosenblatt Securities upped their price target on Webull from $13.00 to $15.00 and gave the company a "buy" rating in a research note on Thursday. Finally, Weiss Ratings lowered Webull from a "sell (d-)" rating to a "sell (e+)" rating in a report on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $14.00.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Yong Rong HK Asset Management Ltd purchased a new position in Webull during the fourth quarter worth about $38,850,000. State Street Corp lifted its holdings in Webull by 23,123.1% during the fourth quarter. State Street Corp now owns 4,342,717 shares of the company's stock valued at $33,743,000 after purchasing an additional 4,324,017 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Webull by 491.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,675,558 shares of the company's stock worth $20,789,000 after buying an additional 3,359,441 shares during the period. Geode Capital Management LLC raised its stake in shares of Webull by 938.5% during the 4th quarter. Geode Capital Management LLC now owns 3,633,150 shares of the company's stock valued at $28,230,000 after purchasing an additional 3,283,295 shares during the period. Finally, Millennium Management LLC boosted its position in shares of Webull by 336.5% in the fourth quarter. Millennium Management LLC now owns 3,433,314 shares of the company's stock valued at $26,677,000 after acquiring an additional 2,646,701 shares during the period. Institutional investors own 92.48% of the company's stock.

Webull Price Performance

The business's 50-day moving average price is $7.31 and its 200 day moving average price is $6.50. The stock has a market capitalization of $4.97 billion, a PE ratio of -8.08 and a beta of 0.53. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.35 and a current ratio of 1.35.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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