Webull (NASDAQ:BULL) Earns Sector Perform Rating from Analysts at Scotiabank

Scotiabank assumed coverage on shares of Webull (NASDAQ:BULL) in a research note issued to investors on Wednesday morning, MarketBeat Ratings reports. The firm issued a sector perform rating and a $9.00 target price on the stock.

A number of other equities research analysts have also recently commented on the company. Rosenblatt Securities reiterated a “buy” rating and set a $15.00 target price on shares of Webull in a research note on Friday, August 28th. Weiss Ratings upgraded shares of Webull from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, August 19th. Finally, Wall Street Zen upgraded shares of Webull from a “sell” rating to a “hold” rating in a report on Saturday, August 22nd. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $11.00.

Webull Trading Down 2.6%

Shares of BULL opened at $9.74 on Wednesday. The company has a market capitalization of $5.18 billion, a price-to-earnings ratio of 121.77 and a beta of 0.58. The stock has a 50 day moving average of $7.88 and a 200 day moving average of $6.73. Webull has a 12 month low of $4.50 and a 12 month high of $16.04.

Webull (NASDAQ:BULL) last posted its quarterly earnings data on Wednesday, August 19th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.11. The business had revenue of $198.83 million for the quarter. Webull had a return on equity of 5.95% and a net margin of 6.26%.Webull’s quarterly revenue was up 51.2% compared to the same quarter last year. As a group, equities research analysts predict that Webull will post 0.14 earnings per share for the current year.

Insiders Place Their Bets

In other Webull news, General Counsel Benjamin James sold 50,273 shares of the firm’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $9.02, for a total value of $453,462.46. Following the completion of the sale, the general counsel directly owned 1,150,991 shares of the company’s stock, valued at $10,381,938.82. This trade represents a 4.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, President Anthony Michael Denier sold 53,848 shares of the business’s stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $8.83, for a total value of $475,477.84. Following the completion of the sale, the president owned 2,332,295 shares in the company, valued at approximately $20,594,164.85. The trade was a 2.26% decrease in their ownership of the stock. 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. Company insiders own 35.00% of the company’s stock.

Institutional Investors Weigh In On Webull

Several institutional investors have recently added to or reduced their stakes in the business. State Street Corp boosted its position in Webull by 23,123.1% during the fourth quarter. State Street Corp now owns 4,342,717 shares of the company’s stock worth $33,743,000 after purchasing an additional 4,324,017 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Webull by 491.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,675,558 shares of the company’s stock valued at $20,789,000 after purchasing an additional 3,359,441 shares during the period. Geode Capital Management LLC raised its position in shares of Webull by 938.5% in the fourth quarter. Geode Capital Management LLC now owns 3,633,150 shares of the company’s stock valued at $28,230,000 after purchasing an additional 3,283,295 shares during the period. Millennium Management LLC lifted its stake in shares of Webull by 336.5% during the 4th quarter. Millennium Management LLC now owns 3,433,314 shares of the company’s stock valued at $26,677,000 after buying an additional 2,646,701 shares in the last quarter. Finally, Marex Group plc lifted its stake in shares of Webull by 313.3% during the 4th quarter. Marex Group plc now owns 2,107,938 shares of the company’s stock valued at $16,379,000 after buying an additional 1,597,921 shares in the last quarter. 92.48% of the stock is owned by hedge funds and other institutional investors.

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.