Wall Street Zen upgraded shares of Bullish (NYSE:BLSH – Free Report) from a sell rating to a hold rating in a research note published on Monday.
Other equities analysts have also issued research reports about the company. JPMorgan Chase & Co. cut their target price on Bullish from $43.00 to $26.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 16th. Citigroup reissued a “buy” rating on shares of Bullish in a research report on Monday, July 27th. Rosenblatt Securities lifted their price objective on shares of Bullish from $39.00 to $45.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 13th. Weiss Ratings reiterated a “sell (d)” rating on shares of Bullish in a research note on Wednesday, June 24th. Finally, Cantor Fitzgerald increased their target price 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. Four equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Bullish currently has a consensus rating of “Hold” and a consensus price target of $50.67.
Get Our Latest Report on Bullish
Bullish Stock Down 0.1%
Bullish (NYSE:BLSH – Get Free Report) last announced 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 company had revenue of $92.83 million during the quarter. Bullish had a negative net margin of 314.40% and a positive return on equity of 1.82%. The company’s quarterly revenue was up 48.8% compared to the same quarter last year. On average, analysts forecast that Bullish will post 0.54 earnings per share for the current fiscal year.
Insider Transactions at Bullish
In other Bullish news, CEO Thomas W. Farley sold 80,000 shares of the stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $43.95, for a total value of $3,516,000.00. Following the completion of the sale, the chief executive officer directly owned 80,000 shares in the company, valued at approximately $3,516,000. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Institutional Investors Weigh In On Bullish
Large investors have recently modified their holdings of the business. Handelsbanken Fonder AB acquired a new position in shares of Bullish during the second quarter valued at about $330,000. Essential Partners LLC acquired a new stake in Bullish in the 1st quarter worth approximately $27,000. J. Derek Lewis & Associates Inc. grew its position in Bullish by 59.1% during the 1st quarter. J. Derek Lewis & Associates Inc. now owns 14,000 shares of the company’s stock worth $500,000 after purchasing an additional 5,200 shares during the last quarter. Bank of America Corp DE grew its position in Bullish by 145.0% during the 1st quarter. Bank of America Corp DE now owns 113,508 shares of the company’s stock worth $4,056,000 after purchasing an additional 67,173 shares during the last quarter. Finally, Intrinsic Edge Capital Management LLC acquired a new position in Bullish during the 1st quarter valued at approximately $7,830,000.
Trending Headlines about Bullish
Here are the key news stories impacting Bullish this week:
- Positive Sentiment: Expanded crypto utility through shareholder distributions. Equiniti and Bullish are supporting Elemental Royalty’s dividend distribution, which gives eligible shareholders the option to receive Tether Gold (XAU₮). The arrangement highlights Bullish’s role in enabling blockchain-based financial services and could strengthen its visibility among corporate and institutional users, although the immediate revenue impact was not disclosed. Equiniti and Bullish Support Elemental Royalty Dividend Distribution Offering a Tether Gold Payment Option
- Positive Sentiment: Favorable sentiment toward crypto-related private markets. Growing trading activity in pre-IPO companies is being viewed as evidence of expanding crypto-based financial infrastructure. This is an industry-level tailwind for Bullish’s digital-asset exchange and market-services businesses, though the article does not identify a specific new contract or financial benefit for BLSH. Trading in Pre-IPO Companies Is Taking Off in Popularity
- Neutral Sentiment: Most other reports are unrelated to Bullish. Articles covering software stocks, retail downgrades, ETFs, and analyst calls on companies such as Micron and Uber do not provide a direct read-through on BLSH.
- Negative Sentiment: Underlying valuation and profitability concerns remain. Bullish recently missed quarterly EPS expectations, continues to report a deeply negative net margin, and trades below its 50-day and 200-day moving averages. These factors may be offsetting the limited positive impact from the latest partnership news.
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.
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