Bullish (NYSE:BLSH) Trading Up 10.1% – Here’s Why

Bullish (NYSE:BLSH) shares traded up 10.1% during mid-day trading on Monday . The stock traded as high as $30.73 and last traded at $30.2350. 987,825 shares were traded during mid-day trading, a decline of 56% from the average session volume of 2,230,156 shares. The stock had previously closed at $27.45.

Trending Headlines about Bullish

Here are the key news stories impacting Bullish this week:

• Positive Sentiment: Institutional buying: ARK Invest has increased its Bullish position, with multiple reports noting Ark’s additional purchases — a strong vote of confidence that likely lifted demand for the shares. Cathie Wood Buys More Bullish
• Positive Sentiment: Regulatory progress and institutional interest: Coverage notes that Bullish has secured key U.S. approvals and that institutional interest is building — a fundamental catalyst for long-term revenue and credibility. Bullish Gains Key U.S. Approvals
• Positive Sentiment: Earnings-call tone: Management’s recent earnings call highlighted accelerating revenue growth and improving margins, which supports a constructive medium-term outlook despite short-term volatility. Earnings Call Highlights
• Neutral Sentiment: Media/analyst chatter: Bullish is frequently mentioned in trading roundups and analyst initiation lists, which raises visibility but produces mixed short-term flow depending on headlines. ARK Stock Trades Coverage
• Neutral Sentiment: Valuation debate: Coverage is calling out Bullish’s high price-to-sales and mixed recent share performance — this keeps analysts divided and can amplify volatility as investors reassess target multiples. Valuation Assessment
• Negative Sentiment: Prior earnings miss and high valuation risk: The company’s recent quarterly report showed a large EPS miss (and a very high trailing P/E), which raises near-term execution and profitability concerns despite revenue growth. This likely pressured sentiment and contributed to today’s decline.
• Negative Sentiment: Technical/flow pressure: The stock is trading below its 50‑day moving average and well off its 52‑week high, with elevated intraday volume — signs that short-term selling or profit-taking has weighed on the share price.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of Bullish in a research note on Monday, December 29th. Rosenblatt Securities dropped their target price on Bullish from $52.00 to $39.00 and set a “buy” rating on the stock in a research report on Friday, February 6th. JPMorgan Chase & Co. cut their target price on Bullish from $42.00 to $41.00 and set a “neutral” rating for the company in a research note on Friday, February 6th. Wall Street Zen upgraded Bullish from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Citigroup cut their price objective on Bullish from $77.00 to $67.00 and set a “buy” rating for the company in a research report on Monday, December 22nd. Five investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Bullish currently has an average rating of “Hold” and an average price target of $52.08.

Bullish Stock Performance

The stock has a market cap of $4.64 billion and a price-to-earnings ratio of 317.35. The firm has a fifty day moving average of $38.59. The company has a current ratio of 29.28, a quick ratio of 27.69 and a debt-to-equity ratio of 0.15.

Bullish (NYSE:BLSH) last posted its earnings results on Thursday, February 5th. The company reported ($3.73) EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($3.89). Bullish had a negative return on equity of 10.58% and a negative net margin of 0.95%.The firm had revenue of $92.50 million for the quarter. During the same quarter last year, the firm posted $1.37 EPS. The business’s quarterly revenue was up 67.6% compared to the same quarter last year.

Hedge Funds Weigh In On Bullish

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BLSH. ARK Investment Management LLC grew its position in shares of Bullish by 87.1% in the fourth quarter. ARK Investment Management LLC now owns 4,821,700 shares of the company’s stock valued at $182,598,000 after purchasing an additional 2,244,991 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in Bullish by 75.3% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,529,313 shares of the company’s stock worth $95,785,000 after buying an additional 1,086,420 shares in the last quarter. Amova Asset Management Americas Inc. raised its holdings in shares of Bullish by 75.7% in the fourth quarter. Amova Asset Management Americas Inc. now owns 2,524,820 shares of the company’s stock worth $95,514,000 after acquiring an additional 1,087,452 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Bullish by 7.2% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,563,985 shares of the company’s stock valued at $59,228,000 after acquiring an additional 104,724 shares in the last quarter. Finally, UBS Group AG boosted its stake in shares of Bullish by 486.1% during the fourth quarter. UBS Group AG now owns 1,309,248 shares of the company’s stock valued at $49,581,000 after acquiring an additional 1,085,846 shares during the last quarter.

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.