Webull (NASDAQ:BULL) Shares Up 7.1% – Here’s What Happened

Webull Corporation (NASDAQ:BULL) shot up 7.1% during mid-day trading on Thursday . The stock traded as high as $9.67 and last traded at $9.6420. 2,571,377 shares were traded during trading, a decline of 79% from the average session volume of 12,398,712 shares. The stock had previously closed at $9.00.

Wall Street Analyst Weigh In

BULL has been the topic of a number of research analyst reports. Rosenblatt Securities reissued a “buy” rating and set a $15.00 price objective on shares of Webull in a report on Friday, August 28th. Weiss Ratings raised shares of Webull from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, August 19th. Wall Street Zen raised shares of Webull from a “sell” rating to a “hold” rating in a research note on Saturday, August 22nd. Finally, Scotiabank assumed coverage on Webull in a research note on Wednesday. They set a “sector perform” rating and a $9.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $12.75.

Webull Stock Up 11.9%

The company has a market cap of $5.36 billion, a PE ratio of 126.70 and a beta of 0.58. The stock’s 50 day simple moving average is $7.75 and its two-hundred day simple moving average is $6.68.

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

Insider Activity

In other Webull news, General Counsel Benjamin Worthy James sold 50,273 shares of Webull stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $9.02, for a total transaction of $453,462.46. Following the sale, the general counsel directly owned 1,150,991 shares in the company, valued at $10,381,938.82. The trade was a 4.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President Anthony Michael Denier sold 53,848 shares of the firm’s stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $8.83, for a total transaction of $475,477.84. Following the sale, the president directly owned 2,332,295 shares of the company’s stock, valued at $20,594,164.85. The trade was a 2.26% decrease in their position. 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. Insiders own 35.00% of the company’s stock.

Institutional Investors Weigh In On Webull

Several institutional investors and hedge funds have recently bought and sold shares of BULL. Legal & General Group Plc bought a new stake in shares of Webull in the 3rd quarter worth approximately $26,000. Osaic Holdings Inc. bought a new stake in shares of Webull during the second quarter valued at approximately $30,000. Los Angeles Capital Management LLC acquired a new position in shares of Webull during the fourth quarter worth approximately $34,000. Ritter Alpha LP bought a new position in Webull in the 1st quarter worth approximately $48,000. Finally, Versant Capital Management Inc increased its position in Webull by 79.8% in the 2nd quarter. Versant Capital Management Inc now owns 7,335 shares of the company’s stock valued at $48,000 after acquiring an additional 3,255 shares during the period. Institutional investors and hedge funds own 92.48% of the company’s stock.

About Webull

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.