Rosenblatt Securities Cuts Webull (NASDAQ:BULL) Price Target to $15.00

Webull (NASDAQ:BULL) had its price objective trimmed by Rosenblatt Securities from $19.00 to $15.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other brokerages have also recently commented on BULL. Weiss Ratings reiterated a “sell (d)” rating on shares of Webull in a research report on Wednesday, October 8th. Wall Street Zen raised shares of Webull from a “sell” rating to a “hold” rating in a report on Friday, August 22nd. Northland Capmk upgraded Webull to a “strong-buy” rating in a research report on Thursday, September 4th. Zacks Research raised Webull to a “hold” rating in a research note on Friday, September 5th. Finally, Northland Securities started coverage on Webull in a research note on Thursday, September 4th. They issued an “outperform” rating and a $18.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $16.50.

Webull Price Performance

Shares of BULL stock opened at $8.29 on Friday. The stock has a 50-day moving average price of $11.59 and a 200 day moving average price of $12.73. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.10. The firm has a market cap of $4.10 billion, a price-to-earnings ratio of -7.40 and a beta of -0.17. Webull has a 12 month low of $7.57 and a 12 month high of $79.56.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Lunate Capital Ltd bought a new stake in shares of Webull in the third quarter worth about $231,084,000. Advisory Services Network LLC acquired a new position in shares of Webull in the 3rd quarter valued at approximately $119,000. NewEdge Advisors LLC bought a new stake in Webull during the 3rd quarter worth approximately $355,000. XTX Topco Ltd bought a new stake in Webull during the 3rd quarter worth approximately $589,000. Finally, Vienna Asset Management LLC acquired a new stake in Webull during the 3rd quarter worth approximately $2,136,000. 92.48% of the stock is owned by institutional investors and hedge funds.

About Webull

Webull Corp. engages in the provision of financial services. It offers trading, wealth management product distribution, market data and information, user community, and investor education. The company was founded by An Quan Wang in 2016 and is headquartered in St. Petersburg, FL.