Webull (NASDAQ:BULL) Receives Buy Rating from Rosenblatt Securities

Webull (NASDAQ:BULL)‘s stock had its “buy” rating reiterated by stock analysts at Rosenblatt Securities in a research note issued to investors on Tuesday,Benzinga reports. They presently have a $12.00 price target on the stock. Rosenblatt Securities’ price objective would indicate a potential upside of 94.17% from the company’s current price.

Several other research firms also recently weighed in on BULL. 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 initiated coverage on shares of Webull in a research note on Monday, March 9th. They issued a “buy” rating and a $9.00 price target for the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Webull in a research note on Friday, March 27th. Finally, Wall Street Zen cut shares of Webull from a “hold” rating to a “sell” rating in a report on Saturday, May 2nd. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Webull has an average rating of “Moderate Buy” and a consensus target price of $13.00.

Webull Price Performance

Shares of NASDAQ BULL opened at $6.18 on Tuesday. Webull has a twelve month low of $4.50 and a twelve month high of $18.32. The firm has a fifty day simple moving average of $6.08 and a 200 day simple moving average of $7.19. The company has a market capitalization of $3.29 billion, a PE ratio of -5.33 and a beta of 0.60. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.06.

Webull (NASDAQ:BULL) last announced its earnings results on Wednesday, March 4th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). Webull had a positive return on equity of 2.50% and a negative net margin of 1.64%.The firm had revenue of $165.20 million for the quarter, compared to the consensus estimate of $159.99 million. Webull’s revenue was up 49.8% compared to the same quarter last year. On average, sell-side analysts forecast that Webull will post 0.07 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Independent Advisor Alliance boosted its holdings in Webull by 9.3% during the third quarter. Independent Advisor Alliance now owns 15,920 shares of the company’s stock worth $235,000 after purchasing an additional 1,350 shares during the last quarter. Legal & General Group Plc purchased a new position in Webull during the third quarter worth about $26,000. NewEdge Advisors LLC boosted its holdings in Webull by 7.9% during the fourth quarter. NewEdge Advisors LLC now owns 25,918 shares of the company’s stock worth $201,000 after purchasing an additional 1,895 shares during the last quarter. Osaic Holdings Inc. purchased a new position in Webull during the second quarter worth about $30,000. Finally, Jones Financial Companies Lllp boosted 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 valued at $45,000 after acquiring an additional 2,651 shares during the last quarter. 92.48% of the stock is currently owned by hedge funds and other institutional investors.

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.