Northland Capmk Upgrades Webull (NASDAQ:BULL) to Strong-Buy

Webull (NASDAQ:BULL) was upgraded by investment analysts at Northland Capmk to a “strong-buy” rating in a research report issued on Thursday,Zacks.com reports.

Other analysts have also recently issued reports about the stock. Wall Street Zen raised shares of Webull from a “sell” rating to a “hold” rating in a research report on Friday, August 22nd. Northland Securities started coverage on Webull in a research note on Thursday. They set an “outperform” rating and a $18.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Strong Buy” and a consensus price target of $18.00.

Webull Stock Down 2.6%

Webull stock opened at $12.93 on Thursday. Webull has a 52-week low of $9.54 and a 52-week high of $79.56. The stock has a fifty day simple moving average of $14.37. The firm has a market capitalization of $5.97 billion, a price-to-earnings ratio of -11.54 and a beta of -0.17. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.13.

Institutional Investors Weigh In On Webull

Large investors have recently added to or reduced their stakes in the company. AQR Arbitrage LLC acquired a new stake in Webull during the 2nd quarter valued at $1,747,000. Cable Car Capital LP acquired a new stake in Webull during the 2nd quarter valued at $1,046,000. Sandia Investment Management LP acquired a new stake in Webull during the 2nd quarter valued at $771,000. Azora Capital LP acquired a new stake in Webull during the 2nd quarter valued at $9,216,000. Finally, Sassicaia Capital Advisers LLC acquired a new stake in Webull during the 2nd quarter valued at $1,770,000. 92.48% of the stock is owned by institutional investors and hedge funds.

Webull Company Profile

Webull Corp. engages in the provision of financial services. It offers trading, wealth management product distribution, market data and information, user community, and investor education. The company was founded by An Quan Wang in 2016 and is headquartered in St. Petersburg, FL.