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

Wall Street Zen upgraded shares of Bullish (NYSE:BLSH) from a sell rating to a hold rating in a report issued on Saturday morning.

Several other research analysts also recently commented on the stock. Canaccord Genuity Group cut their price target on shares of Bullish from $68.00 to $50.00 and set a “buy” rating for the company in a report on Monday, November 24th. Weiss Ratings restated a “sell (d)” rating on shares of Bullish in a research report on Monday, December 29th. Deutsche Bank Aktiengesellschaft raised Bullish from a “hold” rating to a “buy” rating and lowered their price target for the company from $52.00 to $51.00 in a report on Wednesday, November 19th. Rosenblatt Securities cut their price objective on Bullish from $52.00 to $39.00 and set a “buy” rating for the company in a report on Friday. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $50.00 target price on shares of Bullish in a research note on Tuesday, January 6th. Five analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $52.08.

Bullish Stock Performance

NYSE:BLSH opened at $27.41 on Friday. The company’s fifty day moving average is $39.28. The company has a market cap of $4.01 billion and a price-to-earnings ratio of 1,370.50. The company has a debt-to-equity ratio of 0.13, a quick ratio of 36.58 and a current ratio of 38.78. Bullish has a 52-week low of $24.79 and a 52-week high of $118.00.

Bullish (NYSE:BLSH) last posted its earnings results on Thursday, February 5th. The company reported ($3.73) earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($3.89). The company had revenue of $92.50 million for the quarter. Bullish had a negative net margin of 0.95% and a negative return on equity of 11.02%. The firm’s quarterly revenue was up 67.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.37 earnings per share.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Nwam LLC bought a new position in shares of Bullish during the third quarter valued at approximately $4,540,000. Sumitomo Mitsui Trust Group Inc. bought a new position in Bullish in the 3rd quarter worth $91,782,000. Renaissance Capital LLC purchased a new stake in shares of Bullish in the 3rd quarter worth about $2,436,000. Stephens Investment Management Group LLC bought a new stake in shares of Bullish during the 3rd quarter valued at about $27,080,000. Finally, Massachusetts Financial Services Co. MA purchased a new position in shares of Bullish during the third quarter valued at about $92,824,000.

Bullish News Roundup

Here are the key news stories impacting Bullish this week:

• Positive Sentiment: High-profile buying lifted demand — Cathie Wood’s Ark-related activity added shares to its crypto exposure after the earnings release, signaling institutional confidence that likely supported the rally. Cathie Wood Loads Up On Bullish After Earnings
• Positive Sentiment: Rosenblatt trimmed its price target from $52 to $39 but kept a “buy” rating — the maintained buy stance from a sell‑side firm provides tactical support despite a lower PT. Rosenblatt Price Target Note
• Neutral Sentiment: Company reported strong top-line growth: Q4 revenue rose ~67.6% year-over-year and Bullish published January monthly metrics — revenue strength and improving volumes are constructive, even as profitability is under pressure. Bullish Q4 Results (Business Wire)
• Negative Sentiment: Big EPS miss and GAAP loss weighed on sentiment — Bullish reported ($3.73) EPS versus a $0.16 consensus and posted a GAAP loss driven by digital‑asset writedowns, creating headline risk and volatility. Earnings Summary & Transcript
• Negative Sentiment: JPMorgan lowered its price target from $42 to $41 and moved to “neutral” — that downgrade reduces the conviction among some institutional and quant investors, even though the PT still sits above the current share price. JPMorgan Price Target Note
• Negative Sentiment: Coverage highlighting “significant losses, modest growth” underscores continued profitability concerns and may keep downside pressure until writedowns stabilize. Crowdfund Insider: Losses & Growth

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.