Bullish $BLSH Shares Acquired by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC lifted its holdings in Bullish (NYSE:BLSH – Free Report) by 38.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,178,599 shares of the company’s stock after buying an additional 328,351 shares during the period. Stephens Investment Management Group LLC’s holdings in Bullish were worth $42,111,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of BLSH. Rakuten Securities Inc. acquired a new stake in Bullish in the 4th quarter valued at about $28,000. Strs Ohio acquired a new position in shares of Bullish during the 4th quarter worth approximately $30,000. MetLife Investment Management LLC purchased a new stake in shares of Bullish in the fourth quarter valued at approximately $30,000. Kestra Advisory Services LLC purchased a new stake in shares of Bullish in the fourth quarter valued at approximately $61,000. Finally, Allworth Financial LP acquired a new stake in shares of Bullish in the third quarter valued at approximately $65,000.

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Insiders Place Their Bets

In other Bullish news, CEO Thomas W. Farley sold 80,000 shares of Bullish 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 transaction, the chief executive officer directly owned 80,000 shares of the company’s stock, valued at $3,516,000. The trade was a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on BLSH shares. Rosenblatt Securities lifted their price objective on Bullish from $39.00 to $45.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 13th. Cantor Fitzgerald upped their target price on Bullish from $39.00 to $43.00 and gave the company an “overweight” rating in a report on Friday, May 15th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Bullish in a research note on Wednesday, June 24th. Citigroup lowered their price target on shares of Bullish from $67.00 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday, March 18th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Bullish from $43.00 to $26.00 and set a “neutral” rating for the company in a report on Tuesday, June 16th. Four equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $50.67.

Check Out Our Latest Stock Analysis on BLSH

Bullish Stock Performance

NYSE:BLSH opened at $25.55 on Friday. Bullish has a fifty-two week low of $21.76 and a fifty-two week high of $118.00. The company has a debt-to-equity ratio of 0.18, a quick ratio of 25.23 and a current ratio of 26.42. The company has a 50 day moving average price of $32.39 and a 200 day moving average price of $35.27. The stock has a market capitalization of $3.85 billion and a P/E ratio of -3.90.

Bullish (NYSE:BLSH – Get Free Report) last released its quarterly earnings results on Thursday, May 14th. The company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.04). Bullish had a positive return on equity of 1.82% and a negative net margin of 314.40%.The firm had revenue of $92.83 million for the quarter. The business’s revenue was up 48.8% compared to the same quarter last year. Equities research analysts forecast that Bullish will post 0.6 EPS for the current year.

About Bullish

(Free Report)

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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