Bullish (NYSE:BLSH) Trading Down 4.4% – What’s Next?

Bullish (NYSE:BLSH) traded down 4.4% on Thursday . The company traded as low as $36.52 and last traded at $36.6810. 396,911 shares traded hands during mid-day trading, a decline of 72% from the average session volume of 1,436,301 shares. The stock had previously closed at $38.37.

Key Headlines Impacting Bullish

Here are the key news stories impacting Bullish this week:

• Positive Sentiment: Datadog analyst turns bullish ahead of Q4, calling for >23% growth (ex-OAI) — a positive read for software/AI sentiment that can lift risk appetite for tech-related names. This Datadog Analyst Expects Significant Q4 Beat, Turns Bullish Ahead Of Print
• Neutral Sentiment: Amazon analysts are sharpening bullish targets — positive for broader tech leadership but not a direct catalyst for BLSH. Amazon Stock Trending: Analysts Sharpen Bullish Targets
• Neutral Sentiment: New bullish analyst coverage on Micron and other sector initiations — may drive rotation into semiconductors and AI supply chain names, not directly into Bullish. This Micron Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Thursday
• Neutral Sentiment: Other analyst activity (Elanco, Oklo, Crescent Biopharma, Albemarle, Darden, Ondas) shows mixed upgrades/initiations across sectors — overall noise that can reallocate flows but contains no Bullish-specific catalyst. Examples: Elanco upgrade and BofA turning bullish on Oklo. This Elanco Animal Health Analyst Turns Bullish; Here Are Top 5 Upgrades For Thursday

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Citigroup cut their price target on shares of Bullish from $77.00 to $67.00 and set a “buy” rating for the company in a research note on Monday, December 22nd. Canaccord Genuity Group cut their price objective on Bullish from $68.00 to $50.00 and set a “buy” rating for the company in a report on Monday, November 24th. Wall Street Zen cut Bullish from a “hold” rating to a “sell” rating in a report on Sunday, November 23rd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Bullish in a research note on Monday, December 29th. Finally, Rosenblatt Securities lowered their price objective on shares of Bullish from $55.00 to $52.00 and set a “buy” rating for the company in a report on Thursday, January 15th. Five analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $53.58.

Bullish Stock Down 5.0%

The company has a debt-to-equity ratio of 0.13, a quick ratio of 36.58 and a current ratio of 38.78. The company has a fifty day moving average of $41.30. The stock has a market cap of $5.33 billion and a PE ratio of 1,823.50.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of BLSH. Newbridge Financial Services Group Inc. grew its position in shares of Bullish by 40.1% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 4,435 shares of the company’s stock worth $168,000 after buying an additional 1,270 shares during the last quarter. SteelPeak Wealth LLC bought a new stake in Bullish in the fourth quarter valued at $286,000. JPMorgan Chase & Co. bought a new stake in Bullish in the third quarter valued at $9,864,000. Tudor Investment Corp ET AL purchased a new position in Bullish during the 3rd quarter valued at $10,124,000. Finally, Hudson Bay Capital Management LP purchased a new stake in shares of Bullish in the 3rd quarter worth about $5,778,000.

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.