Webull (NASDAQ:BULL) Upgraded to Strong-Buy at Northland Capmk

Key Points

• Webull has been upgraded to a "strong-buy" rating by Northland Capital Markets, following analysis from multiple equities analysts.
• The stock currently has a consensus rating of "Strong Buy" with a target price of $18.00, indicating positive market sentiment.
• Webull's shares recently opened at $13.28 and the company has a market cap of $6.13 billion, showcasing its significant presence in the financial services market.

Northland Capmk upgraded shares of Webull (NASDAQ:BULL - Free Report) to a strong-buy rating in a research note released on Thursday,Zacks.com reports.

A number of other equities analysts have also weighed in on BULL. Wall Street Zen upgraded Webull from a "sell" rating to a "hold" rating in a research note on Friday, August 22nd. Northland Securities began coverage on Webull in a research note on Thursday, September 4th. They set an "outperform" rating and a $18.00 price objective for the company. One 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.com, the company presently has an average rating of "Buy" and a consensus target price of $18.00.

Webull Trading Up 1.1%

Shares of NASDAQ BULL traded up $0.15 during trading on Thursday, reaching $13.54. 4,811,512 shares of the company traded hands, compared to its average volume of 12,203,461. The company has a fifty day moving average price of $14.40. The firm has a market cap of $6.25 billion, a PE ratio of -12.09 and a beta of -0.17. Webull has a 12-month low of $9.54 and a 12-month high of $79.56. 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 Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in BULL. HSG Holding Ltd acquired a new position in Webull during the second quarter worth $113,109,000. General Atlantic L.P. acquired a new position in Webull during the second quarter worth $85,491,000. Marshall Wace LLP acquired a new position in Webull during the second quarter worth $14,771,000. Azora Capital LP acquired a new position in Webull during the second quarter worth $9,216,000. Finally, BNP Paribas Financial Markets acquired a new position in Webull during the second quarter worth $3,871,000. 92.48% of the stock is currently 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.