Bullish (NYSE:BLSH) Stock Picked Up by Analysts at Stonex Financial

Investment analysts at Stonex Financial assumed coverage on shares of Bullish (NYSE:BLSH) in a research note issued on Monday, Zacks reports. The firm set a “strong-buy” rating on the stock.

Several other analysts also recently commented on BLSH. Canaccord Genuity Group reaffirmed a “buy” rating and set a $45.00 target price on shares of Bullish in a report on Wednesday, September 23rd. Freedom Broker assumed coverage on shares of Bullish in a report on Tuesday, November 3rd. They issued a “hold” rating on the stock. Weiss Ratings upgraded shares of Bullish from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, October 14th. Wall Street Zen upgraded Bullish from a “sell” rating to a “hold” rating in a report on Monday, August 3rd. Finally, UBS Group set a $43.00 target price on Bullish in a research report on Monday, September 21st. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $44.36.

Bullish Stock Down 2.8%

BLSH opened at $22.17 on Monday. Bullish has a 1-year low of $20.06 and a 1-year high of $48.93. The stock’s fifty day simple moving average is $31.68 and its 200 day simple moving average is $31.78. The company has a current ratio of 23.52, a quick ratio of 22.41 and a debt-to-equity ratio of 0.20. The stock has a market cap of $3.34 billion, a PE ratio of -2.39 and a beta of 1.06.

Bullish (NYSE:BLSH) last released its quarterly earnings data on Thursday, August 13th. The company reported $0.09 EPS for the quarter, hitting analysts’ consensus estimates of $0.09. Bullish had a negative net margin of 389.38% and a positive return on equity of 2.48%. The firm had revenue of $92.62 million during the quarter. The firm’s revenue for the quarter was up 62.5% compared to the same quarter last year. As a group, research analysts expect that Bullish will post 0.44 earnings per share for the current year.

Hedge Funds Weigh In On Bullish

Several institutional investors and hedge funds have recently modified their holdings of BLSH. Essential Partners LLC bought a new stake in Bullish in the 1st quarter valued at about $27,000. Jacobi Capital Management LLC acquired a new stake in shares of Bullish in the third quarter valued at approximately $45,000. Global Retirement Partners LLC raised its position in shares of Bullish by 790.4% in the third quarter. Global Retirement Partners LLC now owns 1,478 shares of the company’s stock valued at $52,000 after buying an additional 1,312 shares in the last quarter. Rothschild Investment LLC raised its position in shares of Bullish by 1,600.0% in the third quarter. Rothschild Investment LLC now owns 1,700 shares of the company’s stock valued at $59,000 after buying an additional 1,600 shares in the last quarter. Finally, CoreCap Advisors LLC bought a new stake in shares of Bullish in the third quarter valued at approximately $67,000.

More Bullish News

Here are the key news stories impacting Bullish this week:

• Neutral Sentiment: Bullish’s new president backed an “issuer-first” model for tokenized stocks. The stance reinforces the company’s focus on tokenized securities, a potential longer-term opportunity, but the article provides no new financial outlook, deal, or adoption figures to establish an immediate earnings impact. Bullish’s New President Backs Issuer-First Model for Tokenized Stocks

Bullish Company Profile

Bullish is a digital asset company that operates the Bullish exchange, a platform focused on cryptocurrency trading and financial services for institutional and professional clients. Its offerings include spot and derivatives trading, along with related market and liquidity services. The company was founded in 2021 and expanded its digital asset and media businesses through its 2023 acquisition of CoinDesk, which provides cryptocurrency news, data, research and industry events. Bullish serves clients in multiple international markets, subject to local regulations.