Webull (NASDAQ:BULL) Earns “Buy” Rating from Rosenblatt Securities

Webull (NASDAQ:BULL)‘s stock had its “buy” rating reiterated by stock analysts at Rosenblatt Securities in a note issued to investors on Tuesday,Benzinga reports. They presently have a $13.00 price objective on the stock. Rosenblatt Securities’ target price would suggest a potential upside of 59.31% from the company’s previous close.

Several other research firms also recently issued reports on BULL. Wall Street Zen downgraded Webull from a “hold” rating to a “sell” rating in a report on Saturday, May 2nd. Weiss Ratings cut Webull from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $13.33.

Webull Stock Up 1.5%

NASDAQ:BULL opened at $8.16 on Tuesday. Webull has a 52 week low of $4.50 and a 52 week high of $17.08. The stock’s fifty day moving average is $7.21 and its two-hundred day moving average is $6.49. The stock has a market capitalization of $4.34 billion, a price-to-earnings ratio of -7.03 and a beta of 0.53. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.06.

Hedge Funds 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 acquired a new position in shares of Webull in the third quarter worth $26,000. Osaic Holdings Inc. acquired a new stake in shares of Webull in the second quarter valued at $30,000. Los Angeles Capital Management LLC acquired a new stake in shares of Webull in the fourth quarter valued at $34,000. Ritter Alpha LP purchased a new position in Webull in the first quarter valued at $48,000. Finally, Versant Capital Management Inc boosted its holdings in Webull by 79.8% in the second quarter. Versant Capital Management Inc now owns 7,335 shares of the company’s stock valued at $48,000 after purchasing an additional 3,255 shares during the period. Hedge funds and other institutional investors 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.