Webull (NASDAQ:BULL) Stock Price Up 9.5% – Here’s Why

Webull Corporation (NASDAQ:BULL)’s share price rose 9.5% during trading on Wednesday . The company traded as high as $5.88 and last traded at $6.0220. Approximately 2,045,177 shares were traded during mid-day trading, a decline of 83% from the average daily volume of 12,225,116 shares. The stock had previously closed at $5.50.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on BULL. Rosenblatt Securities reiterated a “buy” rating and issued a $12.00 price target on shares of Webull in a research note on Wednesday. Zacks Research lowered Webull from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 10th. Compass Point began coverage on Webull in a research note on Monday, March 9th. They issued a “buy” rating and a $9.00 price target for the company. Wall Street Zen lowered Webull from a “hold” rating to a “sell” rating in a research note on Saturday, May 2nd. Finally, Weiss Ratings upgraded Webull from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, June 3rd. One investment 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $13.00.

Webull Price Performance

The firm’s fifty day simple moving average is $6.27 and its 200 day simple moving average is $6.95. The firm has a market cap of $3.26 billion, a P/E ratio of -5.30 and a beta of 0.56. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.35 and a current ratio of 1.35.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in BULL. Lunate Capital Ltd bought a new position in shares of Webull during the 3rd quarter valued at about $231,084,000. Yong Rong HK Asset Management Ltd bought a new position in shares of Webull during the 4th quarter valued at about $38,850,000. State Street Corp boosted its holdings in shares of Webull by 23,123.1% during the 4th quarter. State Street Corp now owns 4,342,717 shares of the company’s stock valued at $33,743,000 after purchasing an additional 4,324,017 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Webull by 491.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,675,558 shares of the company’s stock valued at $20,789,000 after purchasing an additional 3,359,441 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Webull by 938.5% during the 4th quarter. Geode Capital Management LLC now owns 3,633,150 shares of the company’s stock valued at $28,230,000 after purchasing an additional 3,283,295 shares during the last quarter. Institutional investors own 92.48% of the company’s stock.

Webull Company Profile

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.