Bullish (NYSE:BLSH – Get Free Report)’s stock price reached a new 52-week low during mid-day trading on Wednesday after JPMorgan Chase & Co. lowered their price target on the stock from $43.00 to $26.00. JPMorgan Chase & Co. currently has a neutral rating on the stock. Bullish traded as low as $23.88 and last traded at $23.76, with a volume of 2225148 shares traded. The stock had previously closed at $25.96.
Several other equities research analysts have also issued reports on BLSH. Citigroup lowered their price objective on Bullish from $67.00 to $65.00 and set a “buy” rating for the company in a research note on Wednesday, March 18th. Rosenblatt Securities raised 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. Cantor Fitzgerald boosted their price objective on Bullish from $39.00 to $43.00 and gave the company an “overweight” rating in a report on Friday, May 15th. Weiss Ratings restated a “sell (d)” rating on shares of Bullish in a report on Friday, March 27th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $61.00 price objective on shares of Bullish in a report on Friday, May 15th. Four research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $50.67.
Get Our Latest Stock Analysis on Bullish
Insider Buying and Selling
Trending Headlines about Bullish
Here are the key news stories impacting Bullish this week:
- Negative Sentiment: JPMorgan cut Bullish’s price target to $26 from $43 and maintained a neutral rating, which suggests softer upside expectations and may have weighed on the stock. Benzinga report on JPMorgan target cut
- Neutral Sentiment: Broader analyst commentary across the market remains mixed, with some sectors and peers seeing upgrades while others face downgrades; this does not directly change Bullish’s fundamentals but reflects a cautious analyst backdrop. Benzinga market analyst roundup
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of the company. Essential Partners LLC acquired a new position in shares of Bullish in the first quarter valued at about $27,000. J. Derek Lewis & Associates Inc. boosted its stake in shares of Bullish by 59.1% in the first quarter. J. Derek Lewis & Associates Inc. now owns 14,000 shares of the company’s stock worth $500,000 after buying an additional 5,200 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of Bullish by 145.0% in the first quarter. Bank of America Corp DE now owns 113,508 shares of the company’s stock worth $4,056,000 after buying an additional 67,173 shares during the last quarter. Intrinsic Edge Capital Management LLC purchased a new stake in shares of Bullish in the first quarter worth about $7,830,000. Finally, Quantinno Capital Management LP purchased a new stake in shares of Bullish in the first quarter worth about $2,457,000.
Bullish Stock Down 8.5%
The company has a quick ratio of 25.23, a current ratio of 26.42 and a debt-to-equity ratio of 0.18. The stock has a market cap of $3.58 billion and a PE ratio of -3.63. The business has a 50 day moving average price of $36.53 and a 200 day moving average price of $37.11.
Bullish (NYSE:BLSH – Get Free Report) last issued its quarterly earnings results on Thursday, May 14th. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.04). The business had revenue of $92.83 million for the quarter. Bullish had a positive return on equity of 1.82% and a negative net margin of 314.40%.The company’s quarterly revenue was up 48.8% on a year-over-year basis. Equities research analysts expect that Bullish will post 0.72 EPS for the current fiscal year.
About Bullish
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.
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