Bullish (NYSE:BLSH) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Bullish (NYSE:BLSH) from a sell rating to a hold rating in a research report sent to investors on Saturday.

A number of other equities research analysts have also weighed in on BLSH. Weiss Ratings restated a “sell (d)” rating on shares of Bullish in a report on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $61.00 target price on shares of Bullish in a research report on Friday, May 15th. Cantor Fitzgerald upped their price target on shares of Bullish from $39.00 to $43.00 and gave the company an “overweight” rating in a research report on Friday, May 15th. Rosenblatt Securities raised their price objective on Bullish from $39.00 to $45.00 and gave the company a “neutral” rating in a research note on Wednesday, May 13th. Finally, Zacks Research downgraded Bullish from a “hold” rating to a “strong sell” rating in a report on Monday, July 13th. Four research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Bullish currently has an average rating of “Hold” and an average target price of $50.67.

Bullish Price Performance

BLSH opened at $22.48 on Friday. The company has a current ratio of 26.42, a quick ratio of 25.23 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $3.39 billion and a P/E ratio of -3.43. The stock has a 50-day moving average price of $29.12 and a 200-day moving average price of $33.99. Bullish has a 12-month low of $21.76 and a 12-month high of $118.00.

Bullish (NYSE:BLSH) last released its earnings results on Thursday, May 14th. The company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.04). Bullish had a positive return on equity of 1.82% and a negative net margin of 314.40%.The firm had revenue of $92.83 million during the quarter. The firm’s quarterly revenue was up 48.8% on a year-over-year basis. Equities analysts predict that Bullish will post 0.54 earnings per share for the current fiscal year.

Insider Transactions at Bullish

In related news, CEO Thomas W. Farley sold 80,000 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer owned 80,000 shares in the company, valued at $3,516,000. The trade was a 50.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Institutional Investors Weigh In On Bullish

Large investors have recently made changes to their positions in the business. ARK Investment Management LLC raised its holdings in shares of Bullish by 87.1% during the fourth quarter. ARK Investment Management LLC now owns 4,821,700 shares of the company’s stock valued at $182,598,000 after acquiring an additional 2,244,991 shares in the last quarter. Amova Asset Management Americas Inc. increased its position in Bullish by 51.9% during the 1st quarter. Amova Asset Management Americas Inc. now owns 3,836,063 shares of the company’s stock valued at $137,139,000 after purchasing an additional 1,311,243 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its position in Bullish by 51.6% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,833,886 shares of the company’s stock valued at $136,985,000 after purchasing an additional 1,304,573 shares during the period. Invesco Ltd. raised its holdings in Bullish by 87.2% in the 4th quarter. Invesco Ltd. now owns 2,197,520 shares of the company’s stock worth $83,220,000 after purchasing an additional 1,023,835 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its position in shares of Bullish by 7.2% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,563,985 shares of the company’s stock worth $59,228,000 after purchasing an additional 104,724 shares during the period.

Bullish News Roundup

Here are the key news stories impacting Bullish this week:

• Positive Sentiment: BlackRock CEO Larry Fink said he is “very bullish” on markets and noted that bitcoin and the broader crypto market have become more stable after leverage washed out, which could support sentiment for crypto-related stocks like Bullish. Article: Blackrock CEO Larry Fink ‘Very Bullish’ on Markets as Bitcoin Stabilizes
• Neutral Sentiment: Several headlines showed Wall Street turning bullish on other large-cap names, including Apple, 3M, Moody’s, Cintas, Rambus, and Johnson & Johnson, but these updates do not directly affect Bullish’s fundamentals.
• Negative Sentiment: Taiwan Semiconductor’s strong results still failed to stop its stock from falling amid a global AI selloff, reinforcing a broader risk-off tone that can pressure speculative and momentum-driven stocks such as Bullish. Article: Taiwan Semiconductor Posts 34% Q2 Revenue Growth; Analyst Raises Price Target On ‘Highly Bullish’ Investment Outlook
• Negative Sentiment: Analyst downgrades on names like ONEOK and Etsy add to the cautious tone around equities, suggesting investors are more selective with risk assets today.

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.