30,000 Shares in Webull Corporation $BULL Bought by Warberg Asset Management LLC

Warberg Asset Management LLC purchased a new stake in Webull Corporation (NASDAQ:BULL) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 30,000 shares of the company’s stock, valued at approximately $359,000.

A number of other institutional investors also recently bought and sold shares of BULL. Geode Capital Management LLC purchased a new position in shares of Webull in the 2nd quarter valued at about $3,810,000. Marathon Trading Investment Management LLC acquired a new position in Webull in the second quarter valued at approximately $598,000. Caitong International Asset Management Co. Ltd acquired a new position in Webull in the second quarter valued at approximately $439,000. Finally, Sequoia Financial Advisors LLC purchased a new position in Webull in the second quarter valued at approximately $120,000. 92.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on BULL. Zacks Research upgraded shares of Webull to a “hold” rating in a research report on Friday, September 5th. Northland Capmk upgraded shares of Webull to a “strong-buy” rating in a research note on Thursday, September 4th. Wall Street Zen upgraded shares of Webull from a “sell” rating to a “hold” rating in a research note on Friday, August 22nd. Rosenblatt Securities dropped their price objective on Webull from $19.00 to $15.00 and set a “buy” rating on the stock in a report on Friday. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Webull in a research report on Wednesday, October 8th. One investment 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 given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $16.50.

Webull Price Performance

Shares of BULL opened at $8.29 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.42 and a current ratio of 1.42. Webull Corporation has a fifty-two week low of $7.57 and a fifty-two week high of $79.56. The firm has a 50-day simple moving average of $11.59 and a 200-day simple moving average of $12.77. The company has a market capitalization of $4.10 billion, a price-to-earnings ratio of -7.40 and a beta of -0.17.

About Webull

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.