Bullish (NYSE:BLSH) Now Covered by Freedom Broker

Freedom Broker began coverage on shares of Bullish (NYSE:BLSH) in a research note issued to investors on Tuesday,Zacks reports. The brokerage issued a hold rating on the stock.

Several other analysts have also weighed in on BLSH. Keefe, Bruyette & Woods lowered their price objective on shares of Bullish from $55.00 to $40.00 and set a “market perform” rating for the company in a research note on Tuesday, September 29th. Weiss Ratings raised shares of Bullish from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, October 14th. Citigroup restated a “buy” rating on shares of Bullish in a report on Monday, July 27th. UBS Group set a $43.00 price target on shares of Bullish in a research note on Monday, September 21st. Finally, Rosenblatt Securities decreased their price target on shares of Bullish from $42.50 to $30.00 and set a “neutral” rating for the company in a research note on Friday, August 14th. Five equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Bullish presently has an average rating of “Hold” and an average target price of $44.36.

Bullish Trading Up 0.5%

Shares of BLSH stock opened at $23.07 on Tuesday. Bullish has a fifty-two week low of $20.55 and a fifty-two week high of $48.93. The company has a debt-to-equity ratio of 0.20, a quick ratio of 22.41 and a current ratio of 23.52. The stock has a 50 day simple moving average of $32.62 and a two-hundred day simple moving average of $32.11. The company has a market cap of $3.48 billion, a P/E ratio of -2.49 and a beta of 1.06.

Bullish (NYSE:BLSH) last posted its quarterly earnings results on Thursday, August 13th. The company reported $0.09 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.09. The firm had revenue of $92.62 million for the quarter. Bullish had a positive return on equity of 2.48% and a negative net margin of 389.38%. The business’s revenue for the quarter was up 62.5% on a year-over-year basis. Research analysts forecast that Bullish will post 0.44 earnings per share for the current year.

Institutional Investors Weigh In On Bullish

A number of hedge funds have recently added to or reduced their stakes in the company. Guild Investment Management Inc. raised its position in shares of Bullish by 76.3% during the third quarter. Guild Investment Management Inc. now owns 61,733 shares of the company’s stock worth $2,154,000 after purchasing an additional 26,713 shares during the period. Inscription Capital LLC acquired a new stake in Bullish in the 3rd quarter valued at $229,000. Commonwealth Equity Services LLC acquired a new stake in Bullish in the 3rd quarter valued at $675,000. Cidel Asset Management Inc. bought a new stake in Bullish during the 3rd quarter valued at $229,000. Finally, VestGen Advisors LLC bought a new stake in Bullish during the 3rd quarter valued at $288,000.

More Bullish News

Here are the key news stories impacting Bullish this week:

• Positive Sentiment: Bullish and Equiniti reported transferring 61 million tokenized shares at the NYSE, and Bullish selected Solana, Aptos and Ethereum as initial network partners for its tokenized-share service. The rollout could broaden the company’s digital-asset infrastructure and create opportunities for future activity and revenue, although the reports provided no financial guidance or revenue estimates. Read More..
• Neutral Sentiment: Aptos was separately reported as an initial network partner for the service, reinforcing the multi-chain rollout but adding no separate disclosed financial details. Read More..
• Negative Sentiment: ARK Invest reduced its Bullish holdings, selling about 342,545 shares valued at roughly $8 million across recent sessions, according to a report. The selling may weigh on sentiment, though it does not by itself indicate a change in Bullish’s business outlook. Read More..

Bullish Company Profile

Bullish is a digital asset trading and financial technology company that operates a regulated cryptocurrency exchange. Its platform is designed to provide trading and market infrastructure for digital assets, including spot trading and other services for institutional and professional investors.

The company’s offerings include access to cryptocurrency markets, custody and settlement capabilities, and tools intended to support liquidity, execution and portfolio management. Bullish also publishes digital asset market news and analysis through its media operations.

Bullish was established in 2021 and launched its exchange that year.