Webull (NASDAQ:BULL) Now Covered by Analysts at Scotiabank

Stock analysts at Scotiabank began coverage on shares of Webull (NASDAQ:BULL) in a research report issued on Wednesday, MarketBeat Ratings reports. The brokerage set a “sector perform” rating and a $9.00 price target on the stock. Scotiabank’s price objective indicates a potential downside of 1.42% from the company’s previous close.

Other equities research analysts have also issued research reports about the company. Rosenblatt Securities restated a “buy” rating and set a $15.00 target price on shares of Webull in a research report on Friday, August 28th. Wall Street Zen upgraded Webull from a “sell” rating to a “hold” rating in a report on Saturday, August 22nd. Finally, Weiss Ratings raised Webull from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $12.75.

Webull Stock Down 3.7%

BULL opened at $9.13 on Wednesday. Webull has a twelve month low of $4.50 and a twelve month high of $16.04. The company has a fifty day moving average of $7.70 and a 200-day moving average of $6.66. The stock has a market cap of $4.86 billion, a PE ratio of 114.14 and a beta of 0.57.

Webull (NASDAQ:BULL) last released its earnings results on Wednesday, August 19th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.11. The business had revenue of $198.83 million for the quarter. Webull had a net margin of 6.26% and a return on equity of 5.95%. The business’s revenue for the quarter was up 51.2% compared to the same quarter last year. Sell-side analysts anticipate that Webull will post 0.14 EPS for the current fiscal year.

Insider Transactions at Webull

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

Institutional Investors Weigh In On Webull

Several hedge funds and other institutional investors have recently modified their holdings of BULL. Corient Private Wealth LP lifted its holdings in shares of Webull by 76.4% in the 2nd quarter. Corient Private Wealth LP now owns 406,761 shares of the company’s stock worth $2,652,000 after purchasing an additional 176,233 shares in the last quarter. California State Teachers Retirement System raised its holdings in Webull by 100.7% during the second quarter. California State Teachers Retirement System now owns 30,188 shares of the company’s stock worth $197,000 after buying an additional 15,144 shares during the last quarter. Greenland Capital Management LP raised its holdings in Webull by 0.3% during the second quarter. Greenland Capital Management LP now owns 1,158,725 shares of the company’s stock worth $2,225,000 after buying an additional 2,912 shares during the last quarter. HB Wealth Management LLC bought a new position in shares of Webull in the second quarter valued at $96,000. Finally, Handelsbanken Fonder AB acquired a new position in shares of Webull during the second quarter valued at about $510,000. 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.