Bullish (NYSE:BLSH) Trading Down 5.5% – Time to Sell?

by · The Cerbat Gem

Bullish (NYSE:BLSH – Get Free Report)’s share price dropped 5.5% on Friday . The company traded as low as $38.60 and last traded at $38.7620. Approximately 2,049,509 shares changed hands during trading, a decline of 53% from the average daily volume of 4,328,247 shares. The stock had previously closed at $41.02.

Analyst Ratings Changes

A number of research analysts recently commented on BLSH shares. Zacks Research upgraded Bullish to a “hold” rating in a research note on Tuesday, September 9th. Citigroup increased their target price on shares of Bullish from $66.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, September 18th. Jefferies Financial Group started coverage on Bullish in a report on Monday, September 8th. They issued a “hold” rating and a $49.00 target price for the company. Wall Street Zen lowered Bullish from a “hold” rating to a “sell” rating in a research report on Saturday, October 25th. Finally, Cantor Fitzgerald raised their price objective on Bullish from $56.00 to $59.00 and gave the company an “overweight” rating in a research note on Thursday, September 18th. Four investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Bullish presently has an average rating of “Hold” and an average price target of $57.33.

Get Our Latest Analysis on BLSH

Bullish Trading Down 6.2%

The company has a debt-to-equity ratio of 0.20, a quick ratio of 22.75 and a current ratio of 24.59. The company has a market capitalization of $5.62 billion and a P/E ratio of -769.48. The company’s 50 day simple moving average is $56.61.

Bullish (NYSE:BLSH – Get Free Report) last issued its quarterly earnings data on Wednesday, September 17th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.01). The company had revenue of $57.00 million during the quarter, compared to analyst estimates of $55.91 million. Bullish has set its Q3 2025 guidance at EPS.

Institutional Trading of Bullish

Hedge funds have recently added to or reduced their stakes in the stock. ARK Investment Management LLC acquired a new position in shares of Bullish during the third quarter worth $163,904,000. Massachusetts Financial Services Co. MA bought a new position in Bullish in the third quarter valued at about $92,824,000. Sumitomo Mitsui Trust Group Inc. acquired a new stake in shares of Bullish during the third quarter valued at about $91,782,000. Amova Asset Management Americas Inc. acquired a new position in Bullish in the 3rd quarter valued at approximately $91,431,000. Finally, Invesco Ltd. bought a new position in Bullish during the 3rd quarter worth $74,658,000.

About Bullish

(Get Free Report)

Bullish is an institutionally focused global digital asset platform that provides market infrastructure and information services. Our objective is to provide mission critical products and services that are designed to help institutions grow their businesses, empower individual customers, and drive the adoption of stablecoins, digital assets, and blockchain technology.

Featured Articles