Bullish (NYSE:BLSH – Get Free Report) has earned a consensus rating of “Hold” from the ten brokerages that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and five have given a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $45.89.
A number of equities research analysts have recently issued reports on BLSH shares. Zacks Research upgraded Bullish from a “strong sell” rating to a “hold” rating in a research note on Monday, August 31st. Rosenblatt Securities decreased their price target on Bullish from $42.50 to $30.00 and set a “neutral” rating for the company in a research note on Friday, August 14th. UBS Group set a $43.00 target price on shares of Bullish in a report on Monday. Citigroup reaffirmed a “buy” rating on shares of Bullish in a research report on Monday, July 27th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and set a $45.00 price target on shares of Bullish in a report on Wednesday.
Check Out Our Latest Report on Bullish
Trending Headlines about Bullish
- Positive Sentiment: Canaccord Genuity Group reaffirmed its Buy rating on Bullish and set a $45 price target. The recommendation reinforces Wall Street confidence in the company’s growth prospects. Bullish Earns Buy Rating from Canaccord Genuity Group
- Positive Sentiment: Bullish and Equiniti formed the Issuer Sponsored Token Coalition with participants from brokerage, trading and market infrastructure. The group aims to establish standards for tokenized securities, potentially strengthening Bullish’s positioning in digital-asset market infrastructure over the longer term. Coalition to Advance Issuer-Sponsored Tokenized Securities
- Positive Sentiment: Separate peer-review articles examine Bullish against competitors and may be contributing to investor attention by highlighting its relative market position and operating metrics. Bullish Versus Its Peers Critical Survey Bullish and the Competition Head to Head Review
- Positive Sentiment: Bullish’s partnership with Marex to expand institutional access to digital assets adds another distribution channel and supports the company’s strategy of attracting professional-market participants. Bullish and Marex Partner to Expand Institutional Access
- Neutral Sentiment: The tokenization coalition and Marex partnership are strategic developments, but the reports do not provide immediate revenue, earnings or transaction-volume forecasts. Investors may therefore view their financial impact as longer term.
- Negative Sentiment: An insider sold approximately $9.9 million of Bullish shares, which could increase the perceived share overhang and raise caution about near-term supply. The filing does not by itself indicate a change in the company’s fundamentals. Bullish Insider Share Sale
Institutional Investors Weigh In On Bullish
Several hedge funds have recently modified their holdings of the business. Integrated Wealth Concepts LLC acquired a new stake in Bullish during the second quarter valued at approximately $59,000. AXQ Capital LP bought a new position in Bullish in the 2nd quarter worth approximately $739,000. Wellington Management Group LLP boosted its holdings in Bullish by 787.0% in the second quarter. Wellington Management Group LLP now owns 77,829 shares of the company’s stock valued at $1,824,000 after acquiring an additional 69,055 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in Bullish in the second quarter valued at approximately $138,000. Finally, Handelsbanken Fonder AB acquired a new stake in shares of Bullish during the second quarter worth $330,000.
Bullish Stock Performance
NYSE BLSH opened at $39.70 on Friday. Bullish has a fifty-two week low of $20.55 and a fifty-two week high of $70.50. The stock has a market cap of $5.99 billion and a price-to-earnings ratio of -4.29. The business has a fifty day moving average of $29.61 and a 200-day moving average of $32.29. The company has a quick ratio of 22.41, a current ratio of 23.52 and a debt-to-equity ratio of 0.20.
Bullish (NYSE:BLSH – Get Free Report) last released its earnings results on Thursday, August 13th. The company reported $0.09 EPS for the quarter, meeting the consensus estimate of $0.09. The firm had revenue of $92.62 million during the quarter. Bullish had a positive return on equity of 2.48% and a negative net margin of 389.38%.The company’s quarterly revenue was up 62.5% compared to the same quarter last year. As a group, analysts predict that Bullish will post 0.46 earnings per share for the current fiscal year.
Bullish Company Profile
Bullish is a digital asset exchange and financial technology company that provides infrastructure and trading services for the cryptocurrency market. Its platform is designed to serve institutional and professional investors, offering access to digital asset trading and related market services.
The company’s activities include spot cryptocurrency trading, custody and portfolio-management tools, lending services, and market data. Bullish emphasizes institutional-grade infrastructure, liquidity, security and regulatory compliance in the operation of its digital asset marketplace.
Bullish was founded in 2021 and was established with backing from Block.one and other investors.
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