Intrinsic Edge Capital Management LLC Buys Shares of 219,154 Bullish $BLSH

Intrinsic Edge Capital Management LLC purchased a new stake in Bullish (NYSE:BLSH) in the 1st quarter, HoldingsChannel.com reports. The firm purchased 219,154 shares of the company’s stock, valued at approximately $7,830,000. Bullish accounts for approximately 1.3% of Intrinsic Edge Capital Management LLC’s holdings, making the stock its 22nd biggest holding.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BLSH. Rakuten Securities Inc. purchased a new position in Bullish during the fourth quarter valued at approximately $28,000. Strs Ohio purchased a new position in shares of Bullish in the 4th quarter valued at $30,000. MetLife Investment Management LLC bought a new position in shares of Bullish in the 4th quarter worth $30,000. Kestra Advisory Services LLC purchased a new stake in shares of Bullish during the 4th quarter worth $61,000. Finally, California State Teachers Retirement System bought a new stake in Bullish during the fourth quarter valued at about $78,000.

Analyst Ratings Changes

A number of brokerages have commented on BLSH. Wall Street Zen downgraded shares of Bullish from a “hold” rating to a “sell” rating in a report on Sunday. Rosenblatt Securities lifted their price objective on shares of Bullish from $39.00 to $45.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $61.00 target price on shares of Bullish in a research report on Friday, May 15th. JPMorgan Chase & Co. reduced their price target on Bullish from $43.00 to $26.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 16th. Finally, Citigroup reiterated a “buy” rating on shares of Bullish in a report on Monday. Four equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Bullish has an average rating of “Hold” and an average target price of $50.67.

Bullish Stock Performance

BLSH opened at $21.79 on Thursday. Bullish has a 52-week low of $21.73 and a 52-week high of $118.00. The company has a quick ratio of 25.23, a current ratio of 26.42 and a debt-to-equity ratio of 0.18. The company has a market cap of $3.29 billion and a P/E ratio of -3.33. The firm’s 50-day moving average price is $26.61 and its 200-day moving average price is $33.03.

Bullish (NYSE:BLSH) last released its 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). The company had revenue of $92.83 million during the quarter. Bullish had a positive return on equity of 1.82% and a negative net margin of 314.40%.The firm’s revenue was up 48.8% compared to the same quarter last year. As a group, equities analysts anticipate that Bullish will post 0.54 EPS for the current fiscal year.

Trending Headlines about Bullish

Here are the key news stories impacting Bullish this week:

• Positive Sentiment: Crypto influencer Ansem expressed strong optimism about Bitcoin, Solana and broader digital-asset adoption, citing improving infrastructure and long-term innovation. Positive sentiment toward cryptocurrency markets could indirectly benefit Bullish’s digital-asset trading and exchange business, although the article does not mention BLSH specifically. “I’ve Never Been This Bullish,” Says Top Crypto Influencer
• Neutral Sentiment: Jensen Huang’s bullish outlook on artificial-intelligence spending reinforces optimism around technology and growth stocks, but Nvidia’s prospects do not provide a direct catalyst for Bullish. Jensen Huang’s Bullish Call on the AI Market
• Neutral Sentiment: Analyst coverage and rating changes for Micron, First Solar, Palantir, CrowdStrike, Caterpillar, Clorox and other companies are unrelated to Bullish’s operations or valuation. Recent analyst coverage

Insider Activity

In other Bullish news, CEO Thomas W. Farley sold 80,000 shares of the firm’s stock in a transaction on Monday, May 11th. The shares were 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 owned 80,000 shares of the company’s stock, valued at approximately $3,516,000. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

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.