20,000 Bullish $BLSH Shares Acquired by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. boosted its stake in Bullish (NYSE:BLSH) by 16.7% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 140,000 shares of the company’s stock after buying an additional 20,000 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Bullish were worth $4,885,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Amova Asset Management Americas Inc. lifted its position in Bullish by 51.9% during the first quarter. Amova Asset Management Americas Inc. now owns 3,836,063 shares of the company’s stock worth $137,139,000 after acquiring an additional 1,311,243 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Bullish by 51.6% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,833,886 shares of the company’s stock worth $136,985,000 after acquiring an additional 1,304,573 shares during the period. Stephens Investment Management Group LLC grew its position in shares of Bullish by 38.6% in the first quarter. Stephens Investment Management Group LLC now owns 1,178,599 shares of the company’s stock valued at $42,111,000 after purchasing an additional 328,351 shares during the last quarter. Galaxy Digital Inc. acquired a new position in shares of Bullish in the first quarter valued at approximately $22,331,000. Finally, Intrinsic Edge Capital Management LLC acquired a new position in shares of Bullish in the first quarter valued at approximately $7,830,000.

Bullish Price Performance

Shares of NYSE BLSH opened at $28.16 on Friday. The stock has a market capitalization of $4.25 billion, a PE ratio of -3.04 and a beta of 0.70. The company has a debt-to-equity ratio of 0.20, a current ratio of 23.52 and a quick ratio of 22.41. The business has a fifty day moving average price of $33.18 and a two-hundred day moving average price of $31.61. Bullish has a fifty-two week low of $20.55 and a fifty-two week high of $56.92.

Bullish (NYSE:BLSH) last released its earnings results on Thursday, August 13th. The company reported $0.09 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.09. The company had revenue of $92.62 million for the quarter. Bullish had a positive return on equity of 2.48% and a negative net margin of 389.38%. Bullish’s quarterly revenue was up 62.5% on a year-over-year basis. As a group, equities analysts predict that Bullish will post 0.44 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on BLSH shares. Keefe, Bruyette & Woods dropped their price target on Bullish from $55.00 to $40.00 and set a “market perform” rating for the company in a report on Tuesday, September 29th. Zacks Research raised shares of Bullish from a “strong sell” rating to a “hold” rating in a report on Monday, August 31st. Compass Point upgraded shares of Bullish from a “neutral” rating to a “buy” rating and increased their target price for the stock from $30.00 to $51.00 in a research report on Monday, September 14th. Rosenblatt Securities decreased their target price on shares of Bullish from $42.50 to $30.00 and set a “neutral” rating on the stock in a research report on Friday, August 14th. Finally, Wall Street Zen raised shares of Bullish from a “sell” rating to a “hold” rating in a report on Monday, August 3rd. Five analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Bullish currently has a consensus rating of “Hold” and an average price target of $44.36.

Bullish Company Profile

Bullish is a digital asset trading and financial technology company that operates a regulated cryptocurrency exchange. Its platform is designed to provide trading and market infrastructure for digital assets, including spot trading and other services for institutional and professional investors.

The company’s offerings include access to cryptocurrency markets, custody and settlement capabilities, and tools intended to support liquidity, execution and portfolio management. Bullish also publishes digital asset market news and analysis through its media operations.

Bullish was established in 2021 and launched its exchange that year.