Webull’s (BULL) “Buy” Rating Reaffirmed at Rosenblatt Securities

Webull (NASDAQ:BULL)‘s stock had its “buy” rating reiterated by analysts at Rosenblatt Securities in a research report issued on Wednesday,Benzinga reports. They currently have a $12.00 target price on the stock. Rosenblatt Securities’ target price would suggest a potential upside of 118.18% from the company’s current price.

BULL has been the subject of several other reports. Zacks Research downgraded shares of Webull from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 10th. Compass Point began coverage on shares of Webull in a report on Monday, March 9th. They issued a “buy” rating and a $9.00 price objective on the stock. Weiss Ratings raised Webull from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, June 3rd. Finally, Wall Street Zen lowered Webull from a “hold” rating to a “sell” rating in a report on Saturday, May 2nd. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $13.00.

Webull Price Performance

Shares of Webull stock opened at $5.50 on Wednesday. The firm has a market capitalization of $2.93 billion, a PE ratio of -4.74 and a beta of 0.56. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.06. Webull has a 12 month low of $4.50 and a 12 month high of $18.32. The business’s 50-day moving average price is $6.27 and its 200-day moving average price is $6.95.

Institutional Investors Weigh In On Webull

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Legal & General Group Plc bought a new stake in shares of Webull in the 3rd quarter worth about $26,000. Osaic Holdings Inc. bought a new stake in Webull during the 2nd quarter valued at $30,000. Jones Financial Companies Lllp lifted its stake in Webull by 860.7% in the third quarter. Jones Financial Companies Lllp now owns 2,959 shares of the company’s stock worth $45,000 after acquiring an additional 2,651 shares during the period. Los Angeles Capital Management LLC purchased a new position in Webull during the fourth quarter valued at approximately $34,000. Finally, Tower Research Capital LLC TRC bought a new position in shares of Webull in the 2nd quarter worth $69,000. 92.48% of the stock is currently owned by hedge funds and other institutional investors.

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.