Bullish (NYSE:BLSH) Raised to “Hold” at Wall Street Zen

Bullish (NYSE:BLSH) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Saturday.

BLSH has been the topic of a number of other reports. Citigroup lowered their price objective on Bullish from $77.00 to $67.00 and set a “buy” rating on the stock in a research report on Monday, December 22nd. Weiss Ratings restated a “sell (d)” rating on shares of Bullish in a research note on Monday, December 29th. JPMorgan Chase & Co. lowered their price target on shares of Bullish from $42.00 to $41.00 and set a “neutral” rating on the stock in a research report on Friday. Deutsche Bank Aktiengesellschaft upgraded shares of Bullish from a “hold” rating to a “buy” rating and dropped their price objective for the stock from $52.00 to $51.00 in a research note on Wednesday, November 19th. Finally, Sanford C. Bernstein restated a “market perform” rating and set a $50.00 target price on shares of Bullish in a research report on Tuesday, January 6th. Five investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Bullish has an average rating of “Hold” and an average price target of $52.08.

Bullish Stock Up 10.1%

Shares of BLSH stock opened at $27.41 on Friday. Bullish has a 12-month low of $24.79 and a 12-month high of $118.00. The firm has a market capitalization of $4.01 billion and a P/E ratio of 1,370.50. The stock’s 50 day moving average is $39.28. The company has a debt-to-equity ratio of 0.15, a current ratio of 29.28 and a quick ratio of 27.69.

Bullish (NYSE:BLSH) last posted its earnings results on Thursday, February 5th. The company reported ($3.73) EPS for the quarter, missing the consensus estimate of $0.16 by ($3.89). The firm 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 company’s revenue was up 67.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.37 earnings per share.

Institutional Investors Weigh In On Bullish

Several institutional investors and hedge funds have recently bought and sold shares of the company. Leonteq Securities AG acquired a new stake in Bullish during the fourth quarter worth about $106,000. Harvest Portfolios Group Inc. acquired a new position in shares of Bullish in the 4th quarter valued at approximately $1,990,000. Stephens Investment Management Group LLC lifted its holdings in shares of Bullish by 99.7% during the 4th quarter. Stephens Investment Management Group LLC now owns 850,248 shares of the company’s stock worth $32,199,000 after acquiring an additional 424,523 shares during the period. Benjamin Edwards Inc. boosted its position in shares of Bullish by 73.4% during the 4th quarter. Benjamin Edwards Inc. now owns 19,892 shares of the company’s stock worth $753,000 after acquiring an additional 8,420 shares in the last quarter. Finally, Strs Ohio bought a new position 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:

• Positive Sentiment: High-profile buying lifted demand — Cathie Wood’s Ark-related activity added shares to its crypto exposure after the earnings release, signaling institutional confidence that likely supported the rally. Cathie Wood Loads Up On Bullish After Earnings
• Positive Sentiment: Rosenblatt trimmed its price target from $52 to $39 but kept a “buy” rating — the maintained buy stance from a sell‑side firm provides tactical support despite a lower PT. Rosenblatt Price Target Note
• Neutral Sentiment: Company reported strong top-line growth: Q4 revenue rose ~67.6% year-over-year and Bullish published January monthly metrics — revenue strength and improving volumes are constructive, even as profitability is under pressure. Bullish Q4 Results (Business Wire)
• Negative Sentiment: Big EPS miss and GAAP loss weighed on sentiment — Bullish reported ($3.73) EPS versus a $0.16 consensus and posted a GAAP loss driven by digital‑asset writedowns, creating headline risk and volatility. Earnings Summary & Transcript
• Negative Sentiment: JPMorgan lowered its price target from $42 to $41 and moved to “neutral” — that downgrade reduces the conviction among some institutional and quant investors, even though the PT still sits above the current share price. JPMorgan Price Target Note
• Negative Sentiment: Coverage highlighting “significant losses, modest growth” underscores continued profitability concerns and may keep downside pressure until writedowns stabilize. Crowdfund Insider: Losses & Growth

Bullish Company Profile

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.