Webull (NASDAQ:BULL) Trading Up 9.2% – Here’s Why
by Renee Jackson · The Cerbat GemWebull Corporation (NASDAQ:BULL – Get Free Report) shares shot up 9.2% during trading on Tuesday . The company traded as high as $5.75 and last traded at $5.7650. 4,399,910 shares traded hands during trading, a decline of 59% from the average session volume of 10,723,704 shares. The stock had previously closed at $5.28.
Analyst Ratings Changes
A number of brokerages have commented on BULL. Compass Point initiated coverage on shares of Webull in a research note on Monday, March 9th. They set a “buy” rating and a $9.00 price target for the company. Rosenblatt Securities cut their target price on shares of Webull from $15.00 to $12.00 and set a “buy” rating for the company in a research note on Thursday, March 5th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Webull in a research note on Friday, March 27th. Zacks Research cut shares of Webull from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 10th. Finally, Wall Street Zen upgraded shares of Webull from a “sell” rating to a “hold” rating in a research note on Sunday, March 15th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $13.00.
Read Our Latest Stock Report on Webull
Webull Stock Up 8.2%
The business’s fifty day simple moving average is $5.57 and its 200 day simple moving average is $8.23. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.06. The stock has a market cap of $2.87 billion, a price-to-earnings ratio of -4.85 and a beta of 0.11.
Institutional Trading of Webull
Institutional investors have recently bought and sold shares of the business. Legal & General Group Plc acquired a new stake in Webull during the 3rd quarter worth $26,000. Osaic Holdings Inc. acquired a new position in shares of Webull in the 2nd quarter valued at $30,000. Los Angeles Capital Management LLC acquired a new position in shares of Webull in the 4th quarter valued at $34,000. Jones Financial Companies Lllp grew its holdings in shares of Webull by 860.7% in the 3rd quarter. Jones Financial Companies Lllp now owns 2,959 shares of the company’s stock valued at $45,000 after buying an additional 2,651 shares during the period. Finally, Tower Research Capital LLC TRC acquired a new position in shares of Webull in the 2nd quarter valued at $69,000. Institutional investors and hedge funds own 92.48% of the company’s stock.
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.