Bullish’s (BLSH) “Neutral” Rating Reiterated at Rosenblatt Securities

Rosenblatt Securities reiterated their neutral rating on shares of Bullish (NYSE:BLSH) in a research report released on Thursday morning, Marketbeat Ratings reports. The brokerage currently has a $39.00 price objective on the stock.

A number of other research analysts have also weighed in on the company. Sanford C. Bernstein reissued a “market perform” rating and issued a $50.00 price objective on shares of Bullish in a report on Tuesday, January 6th. Wall Street Zen raised Bullish from a “sell” rating to a “hold” rating in a report on Monday, February 23rd. JPMorgan Chase & Co. dropped their target price on Bullish from $42.00 to $41.00 and set a “neutral” rating on the stock in a report on Friday, February 6th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Bullish in a report on Friday, March 27th. Finally, Citigroup dropped their target price on Bullish from $67.00 to $65.00 and set a “buy” rating on the stock in a report on Wednesday, March 18th. Four analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Bullish currently has an average rating of “Hold” and a consensus price target of $51.92.

Bullish Stock Up 0.9%

Shares of BLSH stock opened at $36.43 on Thursday. The stock’s 50-day simple moving average is $34.29 and its 200-day simple moving average is $42.40. The company has a debt-to-equity ratio of 0.15, a quick ratio of 27.69 and a current ratio of 29.28. The firm has a market capitalization of $5.50 billion and a PE ratio of 364.34. Bullish has a fifty-two week low of $24.79 and a fifty-two week high of $118.00.

Bullish (NYSE:BLSH) last announced its quarterly earnings data on Friday, February 6th. The company reported ($3.73) earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($3.89). The firm had revenue of $92.51 million during the quarter. Bullish had a negative net margin of 0.95% and a negative return on equity of 10.58%. The business’s revenue for the quarter was up 67.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.37 earnings per share.

Institutional Trading of Bullish

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Tradewinds Capital Management LLC acquired a new stake in Bullish in the third quarter valued at approximately $25,000. Rakuten Securities Inc. acquired a new stake in Bullish in the fourth quarter valued at approximately $28,000. Ameritas Advisory Services LLC acquired a new stake in Bullish in the third quarter valued at approximately $29,000. Strs Ohio acquired a new stake in Bullish in the fourth quarter valued at approximately $30,000. Finally, MetLife Investment Management LLC acquired a new stake in Bullish in the fourth quarter valued at approximately $30,000.

Trending Headlines about Bullish

Here are the key news stories impacting Bullish this week:

• Neutral Sentiment: Rosenblatt set a $39 price target and the firm’s coverage puts implied modest upside (~7%), signaling a cautious view rather than an outright bullish endorsement. Rosenblatt coverage & PT
• Negative Sentiment: Media reports say Rosenblatt has downgraded Bullish (BLSH), which typically pressures the stock as investors reprice near-term expectations and reduce conviction. Rosenblatt downgrades BLSH
• Negative Sentiment: Company fundamentals remain a headwind: Bullish reported a large EPS miss in its last quarter, negative net margins and a very high P/E, which make the stock sensitive to negative analyst revisions and increase downside risk until profitability metrics improve. (Background company results)

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.