Brokerages Set Webull Corporation (NASDAQ:BULL) Price Target at $16.50

Webull Corporation (NASDAQ:BULL) has been assigned an average recommendation of “Moderate Buy” from the five research firms that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $16.50.

BULL has been the subject of a number of recent analyst reports. Northland Capmk raised Webull to a “strong-buy” rating in a report on Thursday, September 4th. Wall Street Zen upgraded shares of Webull from a “strong sell” rating to a “hold” rating in a report on Sunday, November 23rd. Northland Securities began coverage on shares of Webull in a research note on Thursday, September 4th. They issued an “outperform” rating and a $18.00 price objective for the company. Rosenblatt Securities decreased their price objective on shares of Webull from $19.00 to $15.00 and set a “buy” rating on the stock in a report on Friday, November 21st. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Webull in a research report on Monday.

Hedge Funds Weigh In On Webull

Several hedge funds have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd acquired a new stake in Webull in the second quarter valued at $439,000. Marathon Trading Investment Management LLC acquired a new position in shares of Webull during the 2nd quarter worth $598,000. Warberg Asset Management LLC purchased a new stake in shares of Webull in the 2nd quarter worth about $359,000. Sequoia Financial Advisors LLC acquired a new stake in Webull in the 2nd quarter valued at about $120,000. Finally, Independent Advisor Alliance increased its holdings in Webull by 9.3% during the 3rd quarter. Independent Advisor Alliance now owns 15,920 shares of the company’s stock valued at $235,000 after acquiring an additional 1,350 shares in the last quarter. 92.48% of the stock is owned by hedge funds and other institutional investors.

Webull Trading Up 0.8%

Shares of BULL stock opened at $9.33 on Friday. The business’s fifty day moving average price is $11.19 and its 200 day moving average price is $12.53. Webull has a 1-year low of $7.57 and a 1-year high of $79.56. The firm has a market capitalization of $4.61 billion, a PE ratio of -8.33 and a beta of -0.17. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.40 and a quick ratio of 1.40.

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.