Bullish (NYSE:BLSH) Raised to “Hold” at Wall Street Zen

Bullish (NYSE:BLSH) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

A number of other analysts also recently commented on the stock. Citigroup decreased their price objective on shares of Bullish from $77.00 to $67.00 and set a “buy” rating on the stock in a report on Monday, December 22nd. Sanford C. Bernstein reissued a “market perform” rating and set a $50.00 price target on shares of Bullish in a research note on Tuesday, January 6th. Canaccord Genuity Group dropped their price objective on Bullish from $68.00 to $50.00 and set a “buy” rating for the company in a report on Monday, November 24th. Weiss Ratings reissued a “sell (d)” rating on shares of Bullish in a research report on Monday, December 29th. Finally, Deutsche Bank Aktiengesellschaft raised Bullish from a “hold” rating to a “buy” rating and cut their price objective for the company from $52.00 to $51.00 in a research report on Wednesday, November 19th. Five research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $52.08.

Bullish Trading Up 10.1%

BLSH stock opened at $27.41 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 38.78 and a quick ratio of 36.58. The firm has a market capitalization of $4.01 billion and a P/E ratio of 1,370.50. The company has a 50 day moving average price of $39.28. Bullish has a twelve month low of $24.79 and a twelve month high of $118.00.

Bullish (NYSE:BLSH) last released its quarterly earnings results on Thursday, February 5th. The company reported ($3.73) EPS for the quarter, missing the consensus estimate of $0.16 by ($3.89). Bullish had a negative net margin of 0.95% and a negative return on equity of 11.02%. The business had revenue of $92.50 million during the quarter. During the same period last year, the business posted $1.37 EPS. Bullish’s revenue was up 67.6% compared to the same quarter last year.

Institutional Investors Weigh In On Bullish

Large investors have recently made changes to their positions in the company. Tradewinds Capital Management LLC bought a new position in shares of Bullish in the third quarter worth $25,000. Ameritas Advisory Services LLC bought a new stake in Bullish during the third quarter worth approximately $29,000. CWM LLC acquired a new position in shares of Bullish in the 3rd quarter worth $31,000. 10Elms LLP purchased a new position in Bullish in the 3rd quarter worth about $32,000. Finally, Tsfg LLC purchased a new position in shares of Bullish in the third quarter worth approximately $45,000.

Key Bullish News

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.