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

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

A number of other research analysts also recently issued reports on BLSH. Rosenblatt Securities upped their price objective on Bullish from $39.00 to $45.00 and gave the company a “neutral” rating in a research note on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $61.00 price target on shares of Bullish in a report on Friday, May 15th. Zacks Research lowered shares of Bullish from a “hold” rating to a “strong sell” rating in a research report on Monday, July 13th. Cantor Fitzgerald raised their price objective on shares of Bullish from $39.00 to $43.00 and gave the stock an “overweight” rating in a report on Friday, May 15th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Bullish from $43.00 to $26.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 16th. Four analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $50.67.

Bullish Price Performance

Shares of NYSE BLSH opened at $22.48 on Friday. Bullish has a twelve month low of $21.76 and a twelve month high of $118.00. The stock’s 50 day moving average price is $29.12 and its 200-day moving average price is $33.94. The company has a market capitalization of $3.39 billion and a PE ratio of -3.43. The company has a quick ratio of 25.23, a current ratio of 26.42 and a debt-to-equity ratio of 0.18.

Bullish (NYSE:BLSH) last released its earnings results on Thursday, May 14th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.04). The business had revenue of $92.83 million during the quarter. Bullish had a negative net margin of 314.40% and a positive return on equity of 1.82%. Bullish’s revenue for the quarter was up 48.8% compared to the same quarter last year. On average, equities analysts anticipate that Bullish will post 0.54 EPS for the current year.

Insider Activity at Bullish

In other news, CEO Thomas W. Farley sold 80,000 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of $43.95, for a total transaction of $3,516,000.00. Following the completion of the transaction, the chief executive officer owned 80,000 shares in the company, 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 Securities & Exchange Commission, which can be accessed through this hyperlink.

Institutional Investors Weigh In On Bullish

Large investors have recently added to or reduced their stakes in the company. Essential Partners LLC purchased a new stake in Bullish during the first quarter valued at about $27,000. Rakuten Securities Inc. purchased a new position in shares of Bullish in the fourth quarter worth about $28,000. Strs Ohio bought a new stake in shares of Bullish in the fourth quarter valued at approximately $30,000. MetLife Investment Management LLC bought a new stake in shares of Bullish in the fourth quarter valued at approximately $30,000. Finally, Kestra Advisory Services LLC purchased a new stake in shares of Bullish during the 4th quarter valued at approximately $61,000.

Trending Headlines about Bullish

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.

About Bullish

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.