Zacks Research upgraded shares of Bullish (NYSE:BLSH – Free Report) from a strong sell rating to a hold rating in a research note published on Monday,Zacks reports.
A number of other equities analysts also recently issued reports on BLSH. Wall Street Zen raised shares of Bullish from a “sell” rating to a “hold” rating in a report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $61.00 price target on shares of Bullish in a research report on Friday, May 15th. Citigroup reiterated a “buy” rating on shares of Bullish in a research note on Monday, July 27th. Rosenblatt Securities cut their price objective on shares of Bullish from $42.50 to $30.00 and set a “neutral” rating for the company in a research report on Friday, August 14th. Finally, Canaccord Genuity Group reduced their price objective on Bullish from $50.00 to $45.00 and set a “buy” rating for the company in a research note on Monday, August 17th. Four investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Bullish presently has an average rating of “Hold” and a consensus price target of $48.92.
View Our Latest Research Report on Bullish
Bullish Trading Down 2.8%
Bullish (NYSE:BLSH – Get Free Report) last released its quarterly earnings results on Thursday, August 13th. The company reported $0.09 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.09. Bullish had a positive return on equity of 2.48% and a negative net margin of 389.38%.The business had revenue of $92.62 million during the quarter. The business’s quarterly revenue was up 62.5% on a year-over-year basis. Analysts expect that Bullish will post 0.44 EPS for the current year.
Hedge Funds Weigh In On Bullish
Several large investors have recently added to or reduced their stakes in the company. Essential Partners LLC bought a new position in shares of Bullish in the first quarter worth approximately $27,000. MetLife Investment Management LLC bought a new stake in shares of Bullish during the 4th quarter valued at $30,000. Strs Ohio bought a new stake in shares of Bullish during the 4th quarter valued at $30,000. Kestra Advisory Services LLC purchased a new position in shares of Bullish during the 4th quarter valued at $61,000. Finally, Advisory Services Network LLC purchased a new position in shares of Bullish during the 3rd quarter valued at $125,000.
Trending Headlines about Bullish
Here are the key news stories impacting Bullish this week:
- Positive Sentiment: Bullish’s $100 million commitment gives the company exposure to demand for financing backed by high-value graphics processing units, which are increasingly used for AI computing. The initiative could diversify revenue beyond its core digital-asset market infrastructure business and strengthen its positioning in an emerging financial niche. Bullish Commits $100 Million to GPU-Backed AI Loans via USD.AI
- Neutral Sentiment: The investment is a capital deployment rather than immediately reported revenue or earnings, so the financial benefit will depend on loan demand, yields, collateral values and repayment performance. Investors may also continue to focus on Bullish’s high valuation and volatile trading history while waiting for evidence that the initiative contributes materially to results.
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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