Webull Sees Unusually High Options Volume (NASDAQ:BULL)

Webull Corporation (NASDAQ:BULL) was the recipient of some unusual options trading activity on Thursday. Investors bought 113,514 call options on the company. This represents an increase of approximately 68% compared to the average daily volume of 67,470 call options.

Insiders Place Their Bets

In other news, General Counsel Benjamin Worthy James sold 50,273 shares of Webull stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $9.02, for a total value of $453,462.46. Following the completion of the transaction, the general counsel owned 1,150,991 shares of the company’s stock, valued at $10,381,938.82. This trade represents a 4.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, President Anthony Michael Denier sold 53,848 shares of the business’s stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $8.83, for a total transaction of $475,477.84. Following the transaction, the president owned 2,332,295 shares in the company, valued at $20,594,164.85. This represents a 2.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 35.00% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC bought a new stake in Webull during the second quarter worth $3,810,000. Quantbot Technologies LP acquired a new position in shares of Webull during the 2nd quarter worth $71,000. Sandia Investment Management LP bought a new stake in shares of Webull during the 2nd quarter worth $771,000. Cable Car Capital LP bought a new stake in shares of Webull during the 2nd quarter worth $1,046,000. Finally, AQR Arbitrage LLC acquired a new stake in Webull in the second quarter valued at about $1,747,000. 92.48% of the stock is owned by institutional investors.

Webull Trading Up 11.6%

BULL stock traded up $1.04 during trading hours on Thursday, hitting $10.04. 20,552,664 shares of the stock were exchanged, compared to its average volume of 12,511,316. The firm has a market capitalization of $5.34 billion, a P/E ratio of 125.70 and a beta of 0.58. The company has a 50-day simple moving average of $7.75 and a two-hundred day simple moving average of $6.68. Webull has a 12 month low of $4.50 and a 12 month high of $16.04.

Webull (NASDAQ:BULL) last announced its earnings results on Wednesday, August 19th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.11. Webull had a net margin of 6.26% and a return on equity of 5.95%. The company had revenue of $198.83 million during the quarter. Webull’s revenue was up 51.2% compared to the same quarter last year. On average, equities research analysts predict that Webull will post 0.14 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on BULL shares. Weiss Ratings upgraded Webull from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, August 19th. Scotiabank started coverage on Webull in a report on Wednesday. They set a “sector perform” rating and a $9.00 target price on the stock. Rosenblatt Securities reiterated a “buy” rating and issued a $15.00 price objective on shares of Webull in a report on Friday, August 28th. Finally, Wall Street Zen raised shares of Webull from a “sell” rating to a “hold” rating in a report on Saturday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $12.75.

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.