Webull (NASDAQ:BULL) Shares Gap Up – Still a Buy?

Webull Corporation (NASDAQ:BULLGet Free Report) shares gapped up prior to trading on Wednesday . The stock had previously closed at $5.82, but opened at $6.29. Webull shares last traded at $6.3150, with a volume of 10,340,022 shares.

Webull News Summary

Here are the key news stories impacting Webull this week:

Wall Street Analysts Forecast Growth

BULL has been the subject of a number of research analyst reports. Compass Point initiated coverage on Webull in a research report on Monday, March 9th. They issued a “buy” rating and a $9.00 target price for the company. Rosenblatt Securities cut their target price on Webull from $15.00 to $12.00 and set a “buy” rating for the company in a research report on Thursday, March 5th. Wall Street Zen upgraded Webull from a “sell” rating to a “hold” rating in a research report on Sunday, March 15th. Weiss Ratings restated a “sell (d-)” rating on shares of Webull in a research report on Friday, March 27th. Finally, Zacks Research downgraded Webull from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 10th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $13.00.

View Our Latest Report on BULL

Webull Price Performance

The business has a 50-day moving average price of $5.55 and a 200 day moving average price of $8.16. The company has a market cap of $3.24 billion, a price-to-earnings ratio of -5.46 and a beta of 0.11. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.06.

Institutional Investors Weigh In On Webull

A number of institutional investors and hedge funds have recently modified their holdings of BULL. Lunate Capital Ltd acquired a new stake in shares of Webull during the 3rd quarter valued at $231,084,000. Yong Rong HK Asset Management Ltd acquired a new stake in shares of Webull during the 4th quarter valued at $38,850,000. State Street Corp lifted its position 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 acquiring an additional 4,324,017 shares during the last quarter. Goldman Sachs Group Inc. lifted its position 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 acquiring an additional 3,359,441 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position 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 acquiring an additional 3,283,295 shares during the last quarter. Institutional investors and hedge funds own 92.48% of the company’s stock.

About Webull

(Get Free Report)

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.

Further Reading

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