Webull (NASDAQ:BULL) Shares Gap Up - What's Next?

Key Points

• Webull Corporation (NASDAQ:BULL) shares experienced a price gap up, opening at $15.22 after a previous close of $14.64.
• Equities analysts have a generally positive outlook on Webull, with an average price target of $18.50 and ratings that include one Strong Buy, two Buy, and one Hold.
• Institutional investors own 92.48% of Webull's stock, indicating significant confidence from major market players.

Webull Corporation (NASDAQ:BULL - Get Free Report) shares gapped up prior to trading on Friday . The stock had previously closed at $14.64, but opened at $15.22. Webull shares last traded at $14.56, with a volume of 14,110,372 shares traded.

Analyst Ratings Changes

A number of equities analysts have weighed in on BULL shares. Northland Securities started coverage on shares of Webull in a research report on Thursday, September 4th. They issued an "outperform" rating and a $18.00 price target for the company. Rosenblatt Securities started coverage on shares of Webull in a research report on Thursday. They issued a "buy" rating and a $19.00 price target for the company. Zacks Research upgraded shares of Webull to a "hold" rating in a research report on Friday, September 5th. Wall Street Zen raised shares of Webull from a "sell" rating to a "hold" rating in a report on Friday, August 22nd. Finally, Northland Capmk raised shares of Webull to a "strong-buy" rating in a report on Thursday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company has an average rating of "Buy" and an average price target of $18.50.

Webull Price Performance

The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.13. The stock has a market cap of $7.35 billion, a price-to-earnings ratio of -13.28 and a beta of -0.17. The stock's 50-day simple moving average is $14.47.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Osaic Holdings Inc. bought a new position in Webull during the 2nd quarter worth about $30,000. Tower Research Capital LLC TRC bought a new position in Webull during the 2nd quarter worth about $69,000. Quantbot Technologies LP bought a new position in Webull during the 2nd quarter worth about $71,000. Militia Capital Partners LP bought a new position in Webull during the 2nd quarter worth about $96,000. Finally, Sequoia Financial Advisors LLC bought a new position in Webull during the 2nd quarter worth about $120,000. 92.48% of the stock is currently 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.

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