Shares of Bullish (NYSE:BLSH – Get Free Report) have been assigned a consensus recommendation of “Hold” from the thirteen analysts that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $48.9167.
Several research analysts have recently issued reports on the company. Canaccord Genuity Group reduced their price target on Bullish from $50.00 to $45.00 and set a “buy” rating on the stock in a research report on Monday, August 17th. Cantor Fitzgerald increased their target price on Bullish from $39.00 to $43.00 and gave the company an “overweight” rating in a research note on Friday, May 15th. Wall Street Zen upgraded Bullish from a “sell” rating to a “hold” rating in a report on Monday, August 3rd. Weiss Ratings cut Bullish from a “sell (d)” rating to a “sell (e+)” rating in a research note on Friday, August 14th. Finally, JPMorgan Chase & Co. cut their price target on shares of Bullish from $26.00 to $25.00 and set a “neutral” rating on the stock in a research report on Friday, August 14th.
Get Our Latest Research Report on Bullish
Bullish Trading Up 0.1%
Bullish (NYSE:BLSH – Get Free Report) last posted its quarterly earnings results on Thursday, August 13th. The company reported $0.09 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.09. The business had revenue of $92.62 million during the quarter. Bullish had a negative net margin of 389.38% and a positive return on equity of 2.48%. Bullish’s revenue for the quarter was up 62.5% compared to the same quarter last year. As a group, equities research analysts expect that Bullish will post 0.44 EPS for the current year.
Institutional Investors Weigh In On Bullish
Large investors have recently bought and sold shares of the company. Quantinno Capital Management LP acquired a new position in shares of Bullish in the first quarter valued at approximately $2,457,000. Intrinsic Edge Capital Management LLC bought a new stake in shares of Bullish during the first quarter worth $7,830,000. Harvest Portfolios Group Inc. acquired a new stake in shares of Bullish during the fourth quarter worth $1,990,000. Stephens Investment Management Group LLC raised its holdings in shares of Bullish by 99.7% during the fourth quarter. Stephens Investment Management Group LLC now owns 850,248 shares of the company’s stock worth $32,199,000 after acquiring an additional 424,523 shares during the period. Finally, Renaissance Technologies LLC lifted its position in Bullish by 178.4% in the 1st quarter. Renaissance Technologies LLC now owns 156,833 shares of the company’s stock valued at $5,604,000 after acquiring an additional 100,500 shares in the last quarter.
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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