Shares of Webull Corporation (NASDAQ:BULL) have received an average recommendation of “Moderate Buy” from five analysts covering the company, according to MarketBeat Ratings. The breakdown of analyst ratings includes one sell rating, one hold, two buy ratings, and one strong buy. The average target price for the stock over the next year is set at $16.50.
Several investment firms have recently issued reports concerning Webull’s stock performance. Notably, on November 21, 2023, Rosenblatt Securities adjusted its price target from $19.00 to $15.00 while maintaining a “buy” rating. In contrast, Wall Street Zen upgraded the stock from a “strong sell” to a “hold” rating on November 23, 2023. Additionally, Weiss Ratings reaffirmed a “sell (d-)” rating in a note dated December 29, 2023.
Market Performance and Investor Activity
On Friday, shares of Webull opened at $8.46, reflecting a 0.4% increase in trading. The company has a market capitalization of $4.25 billion and a P/E ratio of -7.55. Over the past year, the stock has experienced significant volatility, with a low of $7.57 and a high of $79.56.
Institutional investors have shown a keen interest in Webull, with several firms recently adjusting their stakes. SG Americas Securities LLC dramatically increased its holdings by 3,486.6% in the fourth quarter, now owning 413,279 shares valued at approximately $3.2 million after acquiring 401,756 additional shares. FNY Investment Advisers LLC also raised its stake by 40.1%, acquiring 45,000 shares valued at around $665,000.
Furthermore, Cantor Fitzgerald L. P. purchased a new stake worth about $1.475 million, while Lunate Capital Ltd invested approximately $231,084,000. In total, institutional investors and hedge funds own 92.48% of Webull’s stock.
Company Overview and Services
Webull Financial LLC operates as a commission-free online brokerage platform, providing individual investors with access to U.S. equities, exchange-traded funds (ETFs), options, and cryptocurrencies. The platform features mobile and desktop applications that deliver real-time market data, advanced charting tools, customizable watchlists, and efficient order execution.
Designed to cater to both self-directed traders and investors, Webull offers an intuitive interface alongside professional-grade analytics. Additionally, the company provides educational resources and research tools aimed at helping users make informed investment decisions.
As Webull continues to navigate the complexities of the financial markets, the recommendations from analysts and activity from institutional investors will likely play a crucial role in shaping its future performance.
