Exchange Traded Concepts LLC Lowers Stake in Bullish $BLSH

Exchange Traded Concepts LLC reduced its stake in shares of Bullish (NYSE:BLSH) by 18.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 132,980 shares of the company’s stock after selling 30,875 shares during the period. Exchange Traded Concepts LLC owned approximately 0.09% of Bullish worth $5,036,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. bought a new position in Bullish in the third quarter valued at $9,864,000. Tudor Investment Corp ET AL bought a new stake in Bullish during the third quarter worth about $10,124,000. Hudson Bay Capital Management LP bought a new stake in Bullish during the third quarter worth about $5,778,000. Allworth Financial LP purchased a new position in shares of Bullish in the 3rd quarter worth about $65,000. Finally, IFP Advisors Inc purchased a new position in shares of Bullish in the 3rd quarter worth about $89,000.

Wall Street Analyst Weigh In

BLSH has been the topic of a number of research reports. Weiss Ratings reissued a “sell (d)” rating on shares of Bullish in a report on Friday. Rosenblatt Securities cut their target price on Bullish from $52.00 to $39.00 and set a “buy” rating for the company in a research note on Friday, February 6th. JPMorgan Chase & Co. decreased their price target 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. 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. Finally, Citigroup lowered their price objective on shares of Bullish from $67.00 to $65.00 and set a “buy” rating for the company in a report on Wednesday, March 18th. Five analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $51.92.

Bullish Stock Down 3.5%

BLSH opened at $33.22 on Tuesday. The company has a market cap of $5.01 billion and a P/E ratio of 332.19. The business’s 50-day moving average price is $34.04 and its 200-day moving average price is $43.77. 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 12 month low of $24.79 and a 12 month high of $118.00.

Bullish (NYSE:BLSH) last issued its earnings results on Friday, February 6th. The company reported ($3.73) earnings per share 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 10.58%. The company had revenue of $92.51 million for the quarter. During the same period in the previous year, the company earned $1.37 EPS. Bullish’s revenue for the quarter was up 67.6% compared to the same quarter last year.

More Bullish News

Here are the key news stories impacting Bullish this week:

• Positive Sentiment: Institutional investors show enthusiasm for crypto catalysts (XRP, Solana), signaling potential higher trading volumes and institutional flow into the sector that could benefit exchanges like Bullish. 73% of Institutional Investors Are Bullish About This Set of Catalysts for XRP and Solana
• Positive Sentiment: XRP momentum picked up after bullish commentary from Ripple’s CEO and actions around a Goldman Sachs ETF — short-term crypto activity and volatility can drive order flow and fee revenue for crypto exchanges. XRP Price Ignites as Ripple CEO’s Bullish Fire and Goldman Sachs ETF Move Electrify Traders
• Positive Sentiment: Analyst bullishness on Coinbase’s strategic pivot underscores a possible structural improvement across crypto trading platforms — a positive sector narrative that could eventually lift Bullish if industry monetization expands. Why I’m Bullish on Coinbase’s (COIN) Pivot to the Agentic Economy
• Neutral Sentiment: An article contrasts Prestige Wealth (AURE) and Bullish (BLSH), offering valuation and competitive context; informative but not a catalyst by itself unless it prompts investor repositioning. Contrasting Prestige Wealth (NASDAQ:AURE) and Bullish (NYSE:BLSH)
• Negative Sentiment: Broader analyst downgrades and selective risk-off moves across stocks (reported by Benzinga/others) can sap appetite for high‑multiple, industry-sensitive names like Bullish and prompt short-term selling. This Terns Pharmaceuticals Analyst Is No Longer Bullish; Here Are Top 4 Downgrades For Monday

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.