Stephens Investment Management Group LLC Buys Shares of 425,725 Bullish $BLSH

Stephens Investment Management Group LLC purchased a new stake in Bullish (NYSE:BLSH) during the 3rd quarter, Holdings Channel reports. The firm purchased 425,725 shares of the company’s stock, valued at approximately $27,080,000.

Other hedge funds also recently made changes to their positions in the company. Tradewinds Capital Management LLC bought a new position in Bullish in the 3rd quarter worth approximately $25,000. CWM LLC bought a new stake in Bullish during the 3rd quarter valued at $31,000. Albion Financial Group UT acquired a new position in Bullish during the 3rd quarter worth $64,000. Benjamin Edwards Inc. bought a new position in shares of Bullish in the third quarter worth $730,000. Finally, Renaissance Capital LLC acquired a new position in shares of Bullish during the third quarter valued at $2,436,000.

Key Bullish News

Here are the key news stories impacting Bullish this week:

• Positive Sentiment: Rosenblatt reiterated a Buy on Bullish, emphasizing conviction in the company’s institutional digital-asset platform despite an upcoming IPO lock-up unlock that could create volatility. Rosenblatt reiterates buy on Bullish even as IPO unlock looms
• Positive Sentiment: Recent analyst coverage and deep-dive write-ups highlight continued Wall Street interest in BLSH, summarizing multiple analyst perspectives that keep the stock on investors’ radar. This ongoing coverage can support demand into catalysts such as earnings. Deep Dive Into Bullish Stock: Analyst Perspectives
• Neutral Sentiment: Bullish set its Q4 2025 earnings release and conference call for Feb. 5, 2026 — a clear near-term catalyst that could drive volatility depending on results and guidance. Investors are positioning ahead of that date. Bullish to announce fourth quarter 2025 financial results
• Neutral Sentiment: Market and technical context: shares are trading above the previous session, but remain below the 50‑day moving average. Volume today is slightly below average, and the stock sits well off its 12‑month high — factors that can amplify moves around news. (Background market data)
• Neutral Sentiment: Wider crypto-market developments — for example, positive regulatory/market signals for tokens like XRP — can indirectly support interest in digital-asset platforms such as Bullish, but the impact is speculative and depends on trading volumes and custody demand. XRP Holds Technical Footing as Ripple’s Expanding Global Regulatory Footprint Strengthens Bullish Narrative
• Negative Sentiment: Rosenblatt trimmed its price target on BLSH from $55 to $52 while keeping a Buy rating — the cut signals more tempered near-term upside and highlights risks (including potential selling when IPO lock-ups expire). That target reduction may cap some optimism. Analyst price-target change noted by Benzinga

Analyst Ratings Changes

BLSH has been the subject of several research analyst reports. JPMorgan Chase & Co. reduced their price objective on shares of Bullish from $63.00 to $46.00 and set a “neutral” rating for the company in a report on Tuesday, November 18th. Wall Street Zen lowered shares of Bullish from a “hold” rating to a “sell” rating in a research note on Sunday, November 23rd. Deutsche Bank Aktiengesellschaft upgraded shares of Bullish from a “hold” rating to a “buy” rating and lowered their price objective for the company from $52.00 to $51.00 in a research note on Wednesday, November 19th. Canaccord Genuity Group dropped their target price on Bullish from $68.00 to $50.00 and set a “buy” rating on the stock in a report on Monday, November 24th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Bullish in a research note on Monday, December 29th. Five research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $53.58.

Bullish Price Performance

BLSH stock opened at $39.01 on Friday. The firm has a market capitalization of $5.70 billion and a price-to-earnings ratio of 1,950.50. Bullish has a 12 month low of $34.24 and a 12 month high of $118.00. The company has a current ratio of 38.78, a quick ratio of 36.58 and a debt-to-equity ratio of 0.13. The company’s 50 day simple moving average is $41.73.

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.