Webull's (BULL) Sell (D) Rating Reaffirmed at Weiss Ratings

Key Points

• Weiss Ratings has reaffirmed its "sell (d)" rating for Webull (NASDAQ:BULL), indicating ongoing concerns about the stock's performance.
• Despite the negative outlook from Weiss Ratings, several analysts have initiated coverage with varying ratings, including a "strong-buy" from Northland Capital and a "hold" from Zacks Research.
• Webull's stock price is currently trading at $12.66, significantly lower than its 12-month high of $79.56, highlighting recent volatility in the stock's value.

Webull (NASDAQ:BULL - Get Free Report)'s stock had its "sell (d)" rating reiterated by analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Several other equities analysts have also recently weighed in on the stock. Zacks Research raised shares of Webull to a "hold" rating in a research note on Friday, September 5th. Northland Securities initiated coverage on shares of Webull in a research note on Thursday, September 4th. They issued an "outperform" rating and a $18.00 target price for the company. Northland Capmk raised shares of Webull to a "strong-buy" rating in a research report on Thursday, September 4th. Wall Street Zen raised shares of Webull from a "sell" rating to a "hold" rating in a research report on Friday, August 22nd. Finally, Rosenblatt Securities initiated coverage on shares of Webull in a research report on Thursday, September 25th. They set a "buy" rating and a $19.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $18.50.

Webull Price Performance

Shares of NASDAQ:BULL traded down $0.14 during midday trading on Wednesday, hitting $12.66. The stock had a trading volume of 163,222,626 shares, compared to its average volume of 19,252,886. Webull has a 12 month low of $9.54 and a 12 month high of $79.56. 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 business has a 50-day moving average of $14.18.

Institutional Investors Weigh In On Webull

A number of hedge funds and other institutional investors have recently modified their holdings of BULL. Osaic Holdings Inc. acquired a new stake in shares of Webull during the second quarter worth $30,000. Tower Research Capital LLC TRC acquired a new position in Webull in the second quarter valued at about $69,000. Quantbot Technologies LP acquired a new position in Webull in the second quarter valued at about $71,000. Militia Capital Partners LP acquired a new position in Webull in the second quarter valued at about $96,000. Finally, Sequoia Financial Advisors LLC acquired a new position in Webull in the second quarter valued at about $120,000. Institutional investors and hedge funds own 92.48% of the company's stock.

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.