Bullish (NYSE:BLSH) Rating Increased to Hold at Wall Street Zen

Bullish (NYSE:BLSH) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday.

Other research analysts also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of Bullish in a report on Monday, September 8th. They issued a “hold” rating and a $51.00 target price for the company. Oppenheimer started coverage on Bullish in a research report on Monday, September 8th. They issued a “market perform” rating on the stock. JPMorgan Chase & Co. initiated coverage on Bullish in a research report on Monday, September 8th. They set a “neutral” rating and a $50.00 target price for the company. Compass Point reissued a “neutral” rating on shares of Bullish in a research note on Thursday, September 18th. Finally, Cantor Fitzgerald upped their price target on Bullish from $56.00 to $59.00 and gave the stock an “overweight” rating in a research note on Thursday, September 18th. Four equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $57.33.

Bullish Trading Down 6.2%

Bullish stock opened at $38.47 on Friday. Bullish has a 12-month low of $38.33 and a 12-month high of $118.00. The stock has a market cap of $5.62 billion and a price-to-earnings ratio of -769.48. The business has a 50 day moving average price of $56.33. The company has a quick ratio of 22.75, a current ratio of 24.59 and a debt-to-equity ratio of 0.20.

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

Hedge Funds Weigh In On Bullish

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tradewinds Capital Management LLC bought a new stake in Bullish in the 3rd quarter worth approximately $25,000. Ameritas Advisory Services LLC purchased a new position in shares of Bullish in the third quarter valued at $29,000. CWM LLC purchased a new position in shares of Bullish in the third quarter valued at $31,000. 10Elms LLP bought a new stake in Bullish in the third quarter worth $32,000. Finally, Tsfg LLC purchased a new stake in Bullish during the third quarter valued at $45,000.

About Bullish

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.