Rosenblatt Securities Issues Pessimistic Forecast for Webull (NASDAQ:BULL) Stock Price

Webull (NASDAQ:BULL) had its price objective dropped by equities research analysts at Rosenblatt Securities from $19.00 to $15.00 in a report released on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. Rosenblatt Securities’ price objective would suggest a potential upside of 80.94% from the stock’s current price.

Several other equities analysts also recently issued reports on BULL. Wall Street Zen upgraded Webull from a “sell” rating to a “hold” rating in a research report on Friday, August 22nd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Webull in a report on Wednesday, October 8th. Zacks Research upgraded shares of Webull to a “hold” rating in a research report on Friday, September 5th. Northland Capmk upgraded shares of Webull to a “strong-buy” rating in a research report on Thursday, September 4th. Finally, Northland Securities started coverage on shares of Webull in a research note on Thursday, September 4th. They issued an “outperform” rating and a $18.00 target price for the company. One investment 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’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $16.50.

Webull Stock Performance

NASDAQ:BULL opened at $8.29 on Friday. The stock has a market capitalization of $4.10 billion, a P/E ratio of -7.40 and a beta of -0.17. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.13. Webull has a 1 year low of $7.57 and a 1 year high of $79.56. The firm has a 50 day moving average of $11.59 and a 200-day moving average of $12.75.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Legal & General Group Plc acquired a new stake in shares of Webull during the 3rd quarter worth approximately $26,000. Osaic Holdings Inc. acquired a new position in Webull in the second quarter valued at approximately $30,000. 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. Tower Research Capital LLC TRC acquired a new stake in Webull during the 2nd quarter worth $69,000. Finally, Quantbot Technologies LP acquired a new stake in Webull during the 2nd quarter worth $71,000. 92.48% of the stock is currently owned by institutional investors and hedge funds.

About Webull

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.