Bullish (NYSE:BLSH) Downgraded by Wall Street Zen to Sell

Wall Street Zen lowered shares of Bullish (NYSE:BLSH) from a hold rating to a sell rating in a report issued on Sunday morning.

Other analysts have also recently issued research reports about the company. Sanford C. Bernstein reiterated a “market perform” rating and set a $50.00 price objective on shares of Bullish in a research report on Tuesday, January 6th. Rosenblatt Securities decreased their price target on shares of Bullish from $52.00 to $39.00 and set a “buy” rating on the stock in a research note on Friday, February 6th. Weiss Ratings reiterated a “sell (d)” rating on shares of Bullish in a report on Monday, December 29th. JPMorgan Chase & Co. reduced their price objective on shares of Bullish from $42.00 to $41.00 and set a “neutral” rating on the stock in a research note on Friday, February 6th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Bullish from a “hold” rating to a “buy” rating and decreased their target price for the stock from $52.00 to $51.00 in a research report on Wednesday, November 19th. Five investment 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 currently has a consensus rating of “Hold” and an average target price of $52.08.

Bullish Price Performance

Shares of BLSH opened at $31.74 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 27.69 and a current ratio of 29.28. Bullish has a 1-year low of $24.79 and a 1-year high of $118.00. The stock has a market cap of $4.64 billion and a PE ratio of 317.39. The stock’s 50 day simple moving average is $37.96.

Bullish (NYSE:BLSH) last announced 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). The company had revenue of $92.50 million for the quarter. Bullish had a negative net margin of 0.95% and a negative return on equity of 10.58%. The business’s revenue was up 67.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.37 EPS.

Institutional Investors Weigh In On Bullish

Several hedge funds have recently modified their holdings of BLSH. Kestra Advisory Services LLC acquired a new position in Bullish during the fourth quarter worth approximately $61,000. Stifel Financial Corp purchased a new stake in shares of Bullish during the 4th quarter valued at $263,000. B & T Capital Management DBA Alpha Capital Management grew its stake in shares of Bullish by 37.1% during the 4th quarter. B & T Capital Management DBA Alpha Capital Management now owns 15,514 shares of the company’s stock valued at $588,000 after buying an additional 4,202 shares during the period. Alyeska Investment Group L.P. increased its holdings in shares of Bullish by 3.9% during the 4th quarter. Alyeska Investment Group L.P. now owns 623,559 shares of the company’s stock worth $23,614,000 after buying an additional 23,559 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. purchased a new position in shares of Bullish in the 4th quarter worth $9,750,000.

More Bullish News

Here are the key news stories impacting Bullish this week:

• Positive Sentiment: Ark Invest / Cathie Wood continued to buy Bullish, signaling institutional conviction and driving demand for BLSH. Bullish Stock (BLSH) Jumps as Cathie Wood Makes 10th Straight Daily Purchase. Here’s Why.
• Positive Sentiment: Crypto market momentum: Bitcoin is reversing and probing toward $70,000, which tends to boost volume and sentiment for crypto-exchange stocks like Bullish. Bitcoin Eyes $70,000 Reclaim As Ethereum, XRP, Dogecoin Flip Green — Bullish Weekend Ahead?
• Neutral Sentiment: Consensus Hong Kong 2026 wrapped with strong attendance and continued institutional focus on digital assets — a longer-term positive signal for industry growth, but not an immediate earnings catalyst for BLSH. Consensus Hong Kong 2026 Concludes with 11,000 Attendees, Driving the Global Dialogue on Finance and Digital Assets
• Neutral Sentiment: Media and analyst attention (coverage and comparisons) is increasing, which can amplify moves but doesn’t guarantee fundamentals will improve in the near term. Why Bullish Stock Is Bolting Higher This Week
• Negative Sentiment: Recent fundamentals remain a drag: Bullish’s Feb. 5 quarter showed a large EPS miss and negative net margin, leaving the stock vulnerable if institutional buying fades. (Earnings release / company filings)
• Negative Sentiment: Valuation and technical pressure — high PE ratio and the stock trading below its 50‑day moving average — increase downside risk if crypto flows or sentiment reverse quickly.

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.