Bullish (NYSE:BLSH) Hits New 1-Year Low – What’s Next?

Bullish (NYSE:BLSH)’s share price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $41.90 and last traded at $42.3950, with a volume of 818563 shares traded. The stock had previously closed at $45.50.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Keefe, Bruyette & Woods started coverage on Bullish in a research report on Monday, September 15th. They issued a “market perform” rating and a $55.00 price target on the stock. UBS Group set a $63.00 target price on Bullish in a research note on Friday, September 19th. Sanford C. Bernstein assumed coverage on Bullish in a research report on Monday, September 8th. They issued a “market perform” rating and a $60.00 price target for the company. New Street Research set a $56.00 price objective on shares of Bullish in a research report on Thursday, September 18th. Finally, Wall Street Zen upgraded shares of Bullish from a “sell” rating to a “hold” rating in a research note on Saturday. Four equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $57.33.

Bullish Trading Down 6.2%

The company has a current ratio of 24.59, a quick ratio of 22.75 and a debt-to-equity ratio of 0.20. The firm has a market cap of $5.62 billion and a PE ratio of -769.48. The company has a 50 day moving average of $56.33.

Bullish (NYSE:BLSH) last released its quarterly earnings results on Wednesday, September 17th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.01). The business had revenue of $57.00 million for the quarter, compared to analyst estimates of $55.91 million. Bullish has set its Q3 2025 guidance at EPS.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. ARK Investment Management LLC purchased a new stake in shares of Bullish in the third quarter valued at $163,904,000. Massachusetts Financial Services Co. MA bought a new stake in Bullish in the third quarter worth about $92,824,000. Sumitomo Mitsui Trust Group Inc. bought a new position in shares of Bullish during the third quarter valued at approximately $91,782,000. Amova Asset Management Americas Inc. purchased a new stake in shares of Bullish in the third quarter worth approximately $91,431,000. Finally, Invesco Ltd. bought a new stake in shares of Bullish during the 3rd quarter worth approximately $74,658,000.

About Bullish

Bullish is an institutionally focused global digital asset platform that provides market infrastructure and information services. Our objective is to provide mission critical products and services that are designed to help institutions grow their businesses, empower individual customers, and drive the adoption of stablecoins, digital assets, and blockchain technology.