CenterBook Partners LP Takes Position in Bullish $BLSH

CenterBook Partners LP purchased a new position in Bullish (NYSE:BLSH) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 18,621 shares of the company’s stock, valued at approximately $1,184,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Tradewinds Capital Management LLC bought a new position in shares of Bullish in the third quarter worth approximately $25,000. Ameritas Advisory Services LLC purchased a new position in Bullish in the 3rd quarter worth approximately $29,000. CWM LLC purchased a new stake in Bullish during the 3rd quarter valued at $31,000. Tsfg LLC purchased a new stake in Bullish during the 3rd quarter valued at $45,000. Finally, Albion Financial Group UT bought a new stake in shares of Bullish in the 3rd quarter worth $64,000.

Bullish Stock Down 1.7%

Shares of BLSH opened at $31.82 on Friday. The stock has a 50-day moving average of $36.61. 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 52 week low of $24.79 and a 52 week high of $118.00. The stock has a market capitalization of $4.65 billion and a PE ratio of 318.18.

Bullish (NYSE:BLSH) last announced its quarterly earnings data on Thursday, February 5th. The company reported ($3.73) earnings per share (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 company’s revenue for the quarter was up 67.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.37 EPS.

Trending Headlines about Bullish

Here are the key news stories impacting Bullish this week:

• Positive Sentiment: Coinbase CEO bullish on stablecoins — Continued executive confidence that stablecoins will become a primary payment layer for AI agents supports long-term demand for crypto infrastructure and on‑exchange stablecoin flows, which could benefit other regulated crypto platforms like Bullish. Coinbase CEO ‘Extremely Bullish’ on Stablecoins
• Positive Sentiment: Wall Street turning bullish on AI / Nvidia ahead of earnings — Several items show rising optimism around Nvidia and AI (RBC analyst, hedge fund interest, and broader bullish takes). Strong AI/tech momentum tends to lift trading volumes and risk appetite, which can increase crypto trading activity and platform revenue for exchanges like Bullish. Top RBC Capital Analyst Is Bullish on Nvidia
• Neutral Sentiment: Macro/market headlines and analyst moves — Miscellaneous analyst upgrades/downgrades and an insider buy at Microsoft are encouraging for overall market liquidity but have indirect, muted impact on Bullish. These items can nudge sentiment but are not direct drivers of exchange revenues. Microsoft Insider Buy
• Negative Sentiment: Bullish’s own fundamentals and earnings miss weigh on the stock — BLSH reported a large EPS miss (reported -$3.73 vs. consensus $0.16) despite revenue growth (~67.6% year-over-year). The company shows a very high P/E (~318) and the stock is below its 50-day moving average, which amplifies investor concern about near-term profitability and valuation; those company-specific factors are the primary reasons shares are down.
• Negative Sentiment: Lower-than-average intraday volume and technical setup — Recent trading volume is below the stock’s average and the share price sits nearer its 1‑year low than its high, which can magnify downside on negative news and reduce short-term liquidity for buyers.

Analyst Ratings Changes

BLSH has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft raised Bullish from a “hold” rating to a “buy” rating and dropped their price objective for the company from $52.00 to $51.00 in a research report on Wednesday, November 19th. JPMorgan Chase & Co. dropped their target price on shares of Bullish from $42.00 to $41.00 and set a “neutral” rating on the stock in a report on Friday, February 6th. Rosenblatt Securities decreased their target price on shares of Bullish from $52.00 to $39.00 and set a “buy” rating for the company in a research note on Friday, February 6th. Sanford C. Bernstein restated a “market perform” rating and issued a $50.00 price target on shares of Bullish in a research note on Tuesday, January 6th. Finally, Wall Street Zen cut Bullish from a “hold” rating to a “sell” rating in a research report on Sunday, February 15th. Five analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Bullish currently has an average rating of “Hold” and an average target price of $52.08.

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.