Bullish (NYSE:BLSH) Now Covered by Analysts at Stonex Financial

Stonex Financial started coverage on shares of Bullish (NYSE:BLSH) in a research report released on Monday,Zacks reports. The firm issued a strong-buy rating on the stock.

Other equities research analysts have also issued research reports about the stock. Zacks Research raised shares of Bullish from a “strong sell” rating to a “hold” rating in a research report on Monday, August 31st. Freedom Capital started coverage on shares of Bullish in a report on Tuesday, November 3rd. They issued a “hold” rating on the stock. Freedom Broker started coverage on shares of Bullish in a report on Tuesday, November 3rd. They issued a “hold” rating on the stock. UBS Group set a $43.00 target price on shares of Bullish in a report on Monday, September 21st. Finally, Wall Street Zen upgraded shares of Bullish from a “sell” rating to a “hold” rating in a research report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Bullish presently has a consensus rating of “Hold” and a consensus target price of $44.36.

Bullish Trading Down 2.8%

NYSE:BLSH opened at $22.17 on Monday. The company has a market cap of $3.34 billion, a PE ratio of -2.39 and a beta of 1.06. The company has a current ratio of 23.52, a quick ratio of 22.41 and a debt-to-equity ratio of 0.20. The company has a 50 day simple moving average of $31.68 and a two-hundred day simple moving average of $31.78. Bullish has a 12 month low of $20.06 and a 12 month high of $48.93.

Bullish (NYSE:BLSH) last released its quarterly earnings results on Thursday, August 13th. The company reported $0.09 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.09. The firm 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%. The business’s quarterly revenue was up 62.5% on a year-over-year basis. Research analysts forecast that Bullish will post 0.44 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in BLSH. Amova Asset Management Americas Inc. increased its holdings in Bullish by 51.9% in the 1st 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 in the last quarter. Voya Investment Management LLC boosted its position in shares of Bullish by 1,009.8% in the third quarter. Voya Investment Management LLC now owns 807,778 shares of the company’s stock worth $28,183,000 after purchasing an additional 734,989 shares during the period. Galaxy Digital Inc. bought a new position in shares of Bullish in the first quarter worth approximately $22,331,000. Intrinsic Edge Capital Management LLC bought a new position in shares of Bullish in the first quarter worth approximately $7,830,000. Finally, Renaissance Technologies LLC increased its stake in shares of Bullish by 178.4% in the first quarter. Renaissance Technologies LLC now owns 156,833 shares of the company’s stock worth $5,604,000 after purchasing an additional 100,500 shares in the last quarter.

Trending Headlines about Bullish

Here are the key news stories impacting Bullish this week:

• Neutral Sentiment: Bullish’s new president backed an “issuer-first” model for tokenized stocks. The stance reinforces the company’s focus on tokenized securities, a potential longer-term opportunity, but the article provides no new financial outlook, deal, or adoption figures to establish an immediate earnings impact. Bullish’s New President Backs Issuer-First Model for Tokenized Stocks

About Bullish

Bullish is a digital asset company that operates the Bullish exchange, a platform focused on cryptocurrency trading and financial services for institutional and professional clients. Its offerings include spot and derivatives trading, along with related market and liquidity services. The company was founded in 2021 and expanded its digital asset and media businesses through its 2023 acquisition of CoinDesk, which provides cryptocurrency news, data, research and industry events. Bullish serves clients in multiple international markets, subject to local regulations.