Webull (NASDAQ:BULL) Announces Quarterly Earnings Results

Webull (NASDAQ:BULL) announced its earnings results on Wednesday. The company reported $0.04 EPS for the quarter, topping the consensus estimate of $0.01 by $0.03, Zacks reports. Webull had a negative net margin of 1.64% and a positive return on equity of 2.44%.

Webull Stock Up 9.0%

Shares of NASDAQ:BULL traded up $0.71 during midday trading on Wednesday, reaching $8.64. The company had a trading volume of 31,662,785 shares, compared to its average volume of 11,766,353. Webull has a 1-year low of $4.50 and a 1-year high of $16.04. The stock has a market cap of $4.59 billion, a PE ratio of -7.45 and a beta of 0.53. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.06. The business’s 50 day moving average price is $7.26 and its 200 day moving average price is $6.49.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. State Street Corp boosted its holdings in shares of Webull by 23,123.1% in the 4th quarter. State Street Corp now owns 4,342,717 shares of the company’s stock valued at $33,743,000 after buying an additional 4,324,017 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Webull by 491.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,675,558 shares of the company’s stock valued at $20,789,000 after buying an additional 3,359,441 shares in the last quarter. Geode Capital Management LLC increased its holdings in Webull by 938.5% during the fourth quarter. Geode Capital Management LLC now owns 3,633,150 shares of the company’s stock worth $28,230,000 after buying an additional 3,283,295 shares during the last quarter. Millennium Management LLC increased its holdings in Webull by 336.5% during the fourth quarter. Millennium Management LLC now owns 3,433,314 shares of the company’s stock worth $26,677,000 after buying an additional 2,646,701 shares during the last quarter. Finally, Marex Group plc increased its holdings in Webull by 313.3% during the fourth quarter. Marex Group plc now owns 2,107,938 shares of the company’s stock worth $16,379,000 after buying an additional 1,597,921 shares during the last quarter. 92.48% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on BULL shares. Wall Street Zen cut shares of Webull from a “hold” rating to a “sell” rating in a report on Saturday, May 2nd. Rosenblatt Securities reaffirmed a “buy” rating and issued a $13.00 price objective on shares of Webull in a research report on Tuesday. Finally, Weiss Ratings lowered shares of Webull from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $13.33.

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.