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

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

Other equities analysts also recently issued research reports about the company. Sanford C. Bernstein reiterated a “market perform” rating and issued a $50.00 price objective on shares of Bullish in a report on Tuesday, January 6th. Weiss Ratings reiterated a “sell (d)” rating on shares of Bullish in a research note on Monday, December 29th. Canaccord Genuity Group dropped their price target on shares of Bullish from $68.00 to $50.00 and set a “buy” rating on the stock in a research note on Monday, November 24th. Deutsche Bank Aktiengesellschaft raised shares of Bullish from a “hold” rating to a “buy” rating and lowered their price target for the company from $52.00 to $51.00 in a report on Wednesday, November 19th. Finally, JPMorgan Chase & Co. cut their target price on Bullish from $42.00 to $41.00 and set a “neutral” rating for the company in a research report on Friday, February 6th. Five equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $52.08.

Bullish Trading Up 0.1%

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

Bullish (NYSE:BLSH) last released its quarterly earnings results on Thursday, February 5th. The company reported ($3.73) earnings per share for the quarter, missing the consensus estimate of $0.16 by ($3.89). The business had revenue of $92.50 million during the quarter. Bullish had a negative net margin of 0.95% and a negative return on equity of 10.58%. The firm’s quarterly revenue was up 67.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.37 earnings per share.

Hedge Funds Weigh In On Bullish

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

Key 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.