Keefe, Bruyette & Woods Cuts Bullish (NYSE:BLSH) Price Target to $40.00

Bullish (NYSE:BLSH) had its target price decreased by Keefe, Bruyette & Woods from $55.00 to $40.00 in a research note issued to investors on Tuesday,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the stock.

Other equities research analysts have also recently issued research reports about the company. Citigroup reiterated a “buy” rating on shares of Bullish in a report on Monday, July 27th. Canaccord Genuity Group restated a “buy” rating and issued a $45.00 price objective on shares of Bullish in a research report on Wednesday, September 23rd. Wall Street Zen raised Bullish from a “sell” rating to a “hold” rating in a research note on Monday, August 3rd. Zacks Research raised Bullish from a “strong sell” rating to a “hold” rating in a research note on Monday, August 31st. Finally, Weiss Ratings cut Bullish from a “sell (d)” rating to a “sell (e+)” rating in a research report on Friday, August 14th. Five equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $44.64.

Bullish Stock Down 0.5%

Shares of NYSE BLSH opened at $34.72 on Tuesday. Bullish has a 12-month low of $20.55 and a 12-month high of $70.50. The company has a market capitalization of $5.24 billion, a PE ratio of -3.75 and a beta of 0.70. The company has a debt-to-equity ratio of 0.20, a current ratio of 23.52 and a quick ratio of 22.41. The firm’s 50-day moving average is $30.83 and its two-hundred day moving average is $32.26.

Bullish (NYSE:BLSH) last issued its quarterly earnings data on Thursday, August 13th. The company reported $0.09 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.09. Bullish had a negative net margin of 389.38% and a positive return on equity of 2.48%. The business had revenue of $92.62 million during the quarter. Bullish’s revenue for the quarter was up 62.5% on a year-over-year basis. Equities analysts anticipate that Bullish will post 0.46 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in BLSH. Essential Partners LLC purchased a new stake in Bullish in the 1st quarter valued at about $27,000. SteelPeak Wealth LLC increased its stake in shares of Bullish by 13.5% during the 1st quarter. SteelPeak Wealth LLC now owns 8,577 shares of the company’s stock valued at $306,000 after acquiring an additional 1,019 shares during the last quarter. Lazard Asset Management LLC lifted its holdings in shares of Bullish by 1.4% during the 1st quarter. Lazard Asset Management LLC now owns 136,453 shares of the company’s stock worth $4,875,000 after acquiring an additional 1,871 shares during the period. Integrated Wealth Concepts LLC purchased a new position in shares of Bullish during the 2nd quarter worth about $59,000. Finally, Cetera Investment Advisers boosted its position in shares of Bullish by 14.5% in the first quarter. Cetera Investment Advisers now owns 22,825 shares of the company’s stock worth $816,000 after acquiring an additional 2,884 shares during the last quarter.

Trending Headlines about Bullish

Here are the key news stories impacting Bullish this week:

• Positive Sentiment: Brokerages cited in a recent report assign Bullish an average price target of $45.89, implying meaningful upside from the stock’s recent trading level. This target may help support investor interest, although it is not a guarantee of future performance. Bullish Stock Has Average Price Target of $45.89 According to Brokerages
• Neutral Sentiment: Reports comparing Bullish with industry peers offer relative-performance and valuation context, but the available summaries do not disclose a material change in earnings expectations, operations or analyst ratings. Comparing Bullish and Its Peers Contrasting Bullish and Its Peers
• Negative Sentiment: Keefe, Bruyette & Woods issued a pessimistic forecast for Bullish (BLSH). The report’s cautious outlook likely weighs on the shares by highlighting downside risk and offsetting the more optimistic consensus price target. Keefe, Bruyette and Woods Issues Pessimistic Forecast for Bullish Stock Price

Bullish Company Profile

Bullish is a digital asset financial services company that operates a regulated cryptocurrency exchange and related market infrastructure. Its platform is designed to serve institutional and professional investors by providing access to spot digital asset trading, custody, lending and other trading services.

The company also develops technology intended to support deeper liquidity, transparent price discovery and efficient execution in cryptocurrency markets. Bullish has operated internationally, serving customers and market participants across multiple global jurisdictions, subject to applicable regulatory requirements.

Bullish was established in 2021 with backing from Block.one and other investors.