Webull (NASDAQ:BULL) Upgraded at Wall Street Zen

Key Points

• Webull has been upgraded from a "sell" to a "hold" rating by analysts at Wall Street Zen, implying a potentially more favorable outlook for the stock.
• The company reported a quarterly loss of ($0.06) EPS with revenue of $117.37 million for the recent quarter, showcasing its financial performance amid market changes.
• Institutional ownership is significant, with 92.48% of Webull's stock held by institutional investors, indicating strong confidence in the company's prospects.

Webull (NASDAQ:BULL - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a report released on Friday.

Webull Price Performance

BULL opened at $15.41 on Friday. The business's fifty day moving average price is $13.75. The stock has a market cap of $7.11 billion, a P/E ratio of 96.32 and a beta of -0.17. Webull has a 52 week low of $9.54 and a 52 week high of $79.56.

Webull (NASDAQ:BULL - Get Free Report) last released its quarterly earnings data on Thursday, May 22nd. The company reported ($0.06) EPS for the quarter. The business had revenue of $117.37 million during the quarter.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC purchased a new position in shares of Webull in the 2nd quarter valued at $69,000. Quantbot Technologies LP purchased a new position in shares of Webull in the 2nd quarter valued at $71,000. Militia Capital Partners LP purchased a new position in shares of Webull in the 2nd quarter valued at $96,000. Sequoia Financial Advisors LLC purchased a new position in shares of Webull in the 2nd quarter valued at $120,000. Finally, Shay Capital LLC purchased a new position in shares of Webull in the 2nd quarter valued at $120,000. 92.48% of the stock is currently owned by hedge funds and other 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.