Webull (NASDAQ:BULL) Cut to Hold at Zacks Research

Zacks Research downgraded shares of Webull (NASDAQ:BULL) from a strong-buy rating to a hold rating in a research report report published on Tuesday,Zacks.com reports.

A number of other research firms have also recently commented on BULL. Rosenblatt Securities reiterated a “buy” rating and set a $15.00 price objective on shares of Webull in a research report on Friday, January 23rd. Wall Street Zen upgraded Webull from a “strong sell” rating to a “hold” rating in a research note on Sunday, November 23rd. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Webull in a research note on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $16.50.

Webull Price Performance

NASDAQ BULL opened at $5.87 on Tuesday. The stock has a market capitalization of $2.95 billion, a price-to-earnings ratio of -5.24 and a beta of -0.10. Webull has a 1-year low of $5.78 and a 1-year high of $79.56. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.40 and a quick ratio of 1.40. The business’s fifty day moving average price is $8.02 and its 200-day moving average price is $10.88.

Institutional Investors Weigh In On Webull

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BULL. Legal & General Group Plc bought a new stake in Webull during the 3rd quarter worth approximately $26,000. Osaic Holdings Inc. bought a new stake in shares of Webull during the 2nd quarter valued at $30,000. Jones Financial Companies Lllp lifted its stake in shares of Webull by 860.7% during the 3rd quarter. Jones Financial Companies Lllp now owns 2,959 shares of the company’s stock valued at $45,000 after buying an additional 2,651 shares in the last quarter. Los Angeles Capital Management LLC purchased a new position in shares of Webull during the 4th quarter valued at $34,000. Finally, Tower Research Capital LLC TRC bought a new position in Webull in the 2nd quarter worth $69,000. 92.48% of the stock is owned by hedge funds and other institutional investors.

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.