Bullish (NYSE:BLSH) Stock Rating Upgraded by Wall Street Zen

Bullish (NYSE:BLSH) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Saturday.

A number of other analysts have also recently commented on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $61.00 target price on shares of Bullish in a report on Friday, May 15th. Weiss Ratings restated a “sell (d)” rating on shares of Bullish in a report on Wednesday, June 24th. Rosenblatt Securities raised their target price on shares of Bullish from $39.00 to $45.00 and gave the company a “neutral” rating in a research note on Wednesday, May 13th. Cantor Fitzgerald upped their price target on Bullish from $39.00 to $43.00 and gave the stock an “overweight” rating in a research note on Friday, May 15th. Finally, Zacks Research lowered Bullish from a “hold” rating to a “strong sell” rating in a research report on Monday, July 13th. Four equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $50.67.

Bullish Trading Down 3.7%

NYSE:BLSH opened at $22.48 on Friday. The company has a 50-day moving average price of $29.12 and a 200-day moving average price of $33.99. The stock has a market cap of $3.39 billion and a price-to-earnings ratio of -3.43. The company has a current ratio of 26.42, a quick ratio of 25.23 and a debt-to-equity ratio of 0.18. Bullish has a 12 month low of $21.76 and a 12 month high of $118.00.

Bullish (NYSE:BLSH) last posted its earnings results on Thursday, May 14th. The company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.04). The firm had revenue of $92.83 million for the quarter. Bullish had a positive return on equity of 1.82% and a negative net margin of 314.40%.The company’s quarterly revenue was up 48.8% on a year-over-year basis. Equities analysts predict that Bullish will post 0.57 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Thomas W. Farley sold 80,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief executive officer directly owned 80,000 shares of the company’s stock, valued at approximately $3,516,000. This represents a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of BLSH. Rakuten Securities Inc. purchased a new position in shares of Bullish in the fourth quarter worth $28,000. Essential Partners LLC purchased a new stake in shares of Bullish during the first quarter valued at $27,000. MetLife Investment Management LLC bought a new stake in Bullish in the 4th quarter worth about $30,000. Strs Ohio purchased a new position in Bullish in the 4th quarter worth about $30,000. Finally, Allworth Financial LP bought a new position in Bullish during the 3rd quarter valued at about $65,000.

Key Bullish News

Here are the key news stories impacting Bullish this week:

• Positive Sentiment: BlackRock CEO Larry Fink said he is “very bullish” on markets and noted that bitcoin and the broader crypto market have become more stable after leverage washed out, which could support sentiment for crypto-related stocks like Bullish. Article: Blackrock CEO Larry Fink ‘Very Bullish’ on Markets as Bitcoin Stabilizes
• Neutral Sentiment: Several headlines showed Wall Street turning bullish on other large-cap names, including Apple, 3M, Moody’s, Cintas, Rambus, and Johnson & Johnson, but these updates do not directly affect Bullish’s fundamentals.
• Negative Sentiment: Taiwan Semiconductor’s strong results still failed to stop its stock from falling amid a global AI selloff, reinforcing a broader risk-off tone that can pressure speculative and momentum-driven stocks such as Bullish. Article: Taiwan Semiconductor Posts 34% Q2 Revenue Growth; Analyst Raises Price Target On ‘Highly Bullish’ Investment Outlook
• Negative Sentiment: Analyst downgrades on names like ONEOK and Etsy add to the cautious tone around equities, suggesting investors are more selective with risk assets today.

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.