Webull Target of Unusually Large Options Trading (NASDAQ:BULL)

Webull Corporation (NASDAQ:BULL) saw some unusual options trading activity on Thursday. Traders acquired 113,514 call options on the company. This represents an increase of 68% compared to the typical daily volume of 67,470 call options.

Webull Trading Up 11.6%

BULL traded up $1.04 during trading on Thursday, reaching $10.04. 20,552,664 shares of the company’s stock were exchanged, compared to its average volume of 12,511,316. Webull has a one year low of $4.50 and a one year high of $16.04. The firm has a fifty day moving average price of $7.75 and a two-hundred day moving average price of $6.68. The stock has a market capitalization of $5.34 billion, a PE ratio of 125.70 and a beta of 0.58.

Webull (NASDAQ:BULL) last released its quarterly earnings results on Wednesday, August 19th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.11. The firm had revenue of $198.83 million during the quarter. Webull had a net margin of 6.26% and a return on equity of 5.95%. The firm’s quarterly revenue was up 51.2% compared to the same quarter last year. Sell-side analysts expect that Webull will post 0.14 earnings per share for the current year.

Insider Buying and Selling

In related news, President Anthony Michael Denier sold 53,848 shares of Webull stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $8.83, for a total transaction of $475,477.84. Following the sale, the president directly owned 2,332,295 shares of the company’s stock, valued at approximately $20,594,164.85. The trade was a 2.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Benjamin Worthy James sold 50,273 shares of the company’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $9.02, for a total transaction of $453,462.46. Following the transaction, the general counsel owned 1,150,991 shares of the company’s stock, valued at approximately $10,381,938.82. This represents a 4.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 35.00% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Legal & General Group Plc acquired a new position in shares of Webull during the 3rd quarter valued at $26,000. Osaic Holdings Inc. bought a new stake in Webull in the second quarter valued at $30,000. Los Angeles Capital Management LLC acquired a new position in shares of Webull during the fourth quarter valued at about $34,000. Ritter Alpha LP acquired a new position in shares of Webull during the first quarter valued at about $48,000. Finally, Versant Capital Management Inc boosted its position in shares of Webull by 79.8% during the 2nd quarter. Versant Capital Management Inc now owns 7,335 shares of the company’s stock worth $48,000 after purchasing an additional 3,255 shares in the last quarter. 92.48% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on BULL. Weiss Ratings upgraded shares of Webull from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, August 19th. Wall Street Zen upgraded Webull from a “sell” rating to a “hold” rating in a research report on Saturday, August 22nd. Scotiabank assumed coverage on Webull in a report on Wednesday. They issued a “sector perform” rating and a $9.00 target price for the company. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $15.00 target price on shares of Webull in a research report on Friday, August 28th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $12.75.

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.