Norges Bank Invests $17.04 Million in Bullish $BLSH

Norges Bank bought a new position in shares of Bullish (NYSE:BLSH) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 450,000 shares of the company’s stock, valued at approximately $17,042,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Ameritas Advisory Services LLC purchased a new stake in shares of Bullish during the third quarter worth about $29,000. 10Elms LLP purchased a new stake in shares of Bullish during the third quarter worth about $32,000. Rakuten Securities Inc. acquired a new position in Bullish in the fourth quarter worth about $28,000. Strs Ohio acquired a new position in Bullish in the fourth quarter worth about $30,000. Finally, Allworth Financial LP acquired a new position in Bullish in the third quarter worth about $65,000.

Analysts Set New Price Targets

A number of equities analysts recently commented on BLSH shares. Citigroup decreased their price target on Bullish from $67.00 to $65.00 and set a “buy” rating for the company in a research note on Wednesday, March 18th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $61.00 price target on shares of Bullish in a research note on Friday, May 15th. Weiss Ratings reiterated a “sell (d)” rating on shares of Bullish in a research note on Friday, March 27th. Rosenblatt Securities lifted their price target on Bullish from $39.00 to $45.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 13th. Finally, Cantor Fitzgerald lifted their price target on Bullish from $39.00 to $43.00 and gave the stock an “overweight” rating in a research note on Friday, May 15th. Four investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $51.92.

Key Bullish News

Here are the key news stories impacting Bullish this week:

• Negative Sentiment: One article warned that “crypto winter” may be setting in, citing Bitcoin falling below $60,000, record ETF outflows, and institutional selling. Because Bullish is a crypto trading and market infrastructure platform, it is viewed as highly exposed to a downturn in digital-asset activity. Article Title
• Negative Sentiment: Bullish also released May 2026 monthly metrics, but the market appears to be focusing less on the company’s operating update and more on the broader decline in crypto sentiment and trading volumes, which can pressure revenue expectations. Article Title
• Neutral Sentiment: Another piece looked at Bullish’s valuation after its recent pullback, framing the stock as still expensive on a price-to-sales basis despite the selloff. That keeps valuation concerns in focus for investors. Article Title

Insider Activity at Bullish

In other news, CEO Thomas W. Farley sold 80,000 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $43.95, for a total transaction of $3,516,000.00. Following the completion of the transaction, the chief executive officer directly owned 80,000 shares of the company’s stock, valued at approximately $3,516,000. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Bullish Stock Down 0.9%

NYSE:BLSH opened at $26.97 on Wednesday. The firm has a market capitalization of $4.07 billion and a PE ratio of -4.12. The stock has a 50 day moving average of $37.36 and a 200-day moving average of $37.56. Bullish has a 52 week low of $24.79 and a 52 week high of $118.00. The company has a current ratio of 26.42, a quick ratio of 25.23 and a debt-to-equity ratio of 0.18.

Bullish (NYSE:BLSH) last posted its earnings results on Thursday, May 14th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.04). The company had revenue of $92.83 million for the quarter. Bullish had a negative net margin of 314.40% and a positive return on equity of 1.82%. Bullish’s revenue for the quarter was up 48.8% compared to the same quarter last year. Analysts predict that Bullish will post 0.72 EPS for the current year.

Bullish Company Profile

Bullish (NYSE: BLSH) is a company that develops and operates digital asset market infrastructure, including a cryptocurrency trading platform and related technology services. The firm’s stated activities focus on providing exchange services, market structure and trading technology designed to support the listing, execution and clearing of digital assets. Bullish positions itself as a bridge between traditional capital markets practices and the evolving cryptocurrency ecosystem.

The business was announced in connection with Block.one, the software developer known for its work on the EOS blockchain, and was formed with the intent of creating a regulated, institutional-grade marketplace for digital assets.