IQ EQ FUND MANAGEMENT IRELAND Ltd Buys New Stake in Bullish $BLSH

IQ EQ FUND MANAGEMENT IRELAND Ltd acquired a new stake in Bullish (NYSE:BLSH) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 53,805 shares of the company’s stock, valued at approximately $3,423,000.

Several other institutional investors also recently bought and sold shares of BLSH. Nwam LLC purchased a new stake in shares of Bullish during the third quarter worth $4,540,000. Sumitomo Mitsui Trust Group Inc. purchased a new stake in Bullish during the 3rd quarter worth about $91,782,000. Renaissance Capital LLC acquired a new stake in Bullish in the 3rd quarter valued at about $2,436,000. Stephens Investment Management Group LLC acquired a new stake in Bullish in the 3rd quarter valued at about $27,080,000. Finally, Massachusetts Financial Services Co. MA purchased a new position in shares of Bullish in the 3rd quarter valued at about $92,824,000.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on BLSH. Canaccord Genuity Group reduced their target price on shares of Bullish from $68.00 to $50.00 and set a “buy” rating on the stock in a report on Monday, November 24th. JPMorgan Chase & Co. dropped their price objective on shares of Bullish from $45.00 to $42.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 27th. Wall Street Zen cut shares of Bullish from a “hold” rating to a “sell” rating in a research report on Sunday, November 23rd. Sanford C. Bernstein reissued a “market perform” rating and issued a $50.00 target price on shares of Bullish in a report on Tuesday, January 6th. Finally, Citigroup cut their price target on Bullish from $77.00 to $67.00 and set a “buy” rating on the stock in a research note on Monday, December 22nd. Five analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $53.25.

Key Headlines Impacting Bullish

Here are the key news stories impacting Bullish this week:

• Positive Sentiment: Revenue and trading activity grew materially year-over-year; management highlighted record revenue and product expansion (bitcoin options) that support longer‑term customer and fee growth. Bullish Reports Fourth Quarter 2025 Results
• Positive Sentiment: Liquidity metrics remain strong on the balance sheet (very high quick/current ratios), which reduces short‑term solvency risk and gives management flexibility to operate through volatility. Bullish releases January 2026 monthly metrics
• Neutral Sentiment: Wider crypto-market commentary remains positive (several high‑profile voices and surveys projecting higher BTC prices), which is supportive for Bullish over a multi‑quarter horizon but doesn’t offset the immediate earnings reaction. ‘I’ve Never Been More Bullish on Crypto’: Balaji Srinivasan on Why Today’s Price Doesn’t Reflect What’s Coming
• Neutral Sentiment: Industry forecasts (e.g., Finder survey) and selective institutional buys into crypto-related stocks provide a tailwind for the sector, but the impact on Bullish depends on persistent volume and fee capture. Finder’s Latest Survey Predicts Bitcoin at $133K by End of 2026
• Negative Sentiment: Large EPS miss: Bullish reported a GAAP loss and EPS of ($3.73) vs. consensus ~$0.16, driven by significant digital asset writedowns — this is the main catalyst for the negative share reaction and short‑term volatility. Bullish reports Q4 loss as bitcoin options trading grows, shares whipsaw after earnings
• Negative Sentiment: Investors reacted to the earnings-call detail and the magnitude of non‑cash writedowns; transcripts indicate the company is navigating price volatility that materially moves reported earnings. Bullish (BLSH) Q4 2025 Earnings Call Transcript

Bullish Price Performance

NYSE BLSH opened at $24.85 on Friday. The firm has a fifty day moving average of $39.61. Bullish has a 12 month low of $24.79 and a 12 month high of $118.00. The company has a debt-to-equity ratio of 0.13, a current ratio of 38.78 and a quick ratio of 36.58. The stock has a market cap of $3.63 billion and a P/E ratio of 1,242.55.

Bullish (NYSE:BLSH) last announced its quarterly earnings results on Thursday, February 5th. The company reported ($3.73) earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($3.89). The company had revenue of $92.50 million during the quarter. Bullish had a negative net margin of 0.04% and a negative return on equity of 6.70%. Bullish’s revenue was up 67.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.37 earnings per share.

Bullish 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.