Ghisallo Capital Management LLC Buys Shares of 110,000 Bullish $BLSH

Ghisallo Capital Management LLC bought a new position in shares of Bullish (NYSE:BLSH) during the third quarter, Holdings Channel reports. The institutional investor bought 110,000 shares of the company’s stock, valued at approximately $6,997,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Newbridge Financial Services Group Inc. bought a new stake in shares of Bullish during the 3rd quarter valued at about $201,000. Arrowstreet Capital Limited Partnership bought a new position in Bullish in the third quarter worth about $10,911,000. Invesco Ltd. bought a new position in Bullish in the third quarter worth about $74,658,000. Sei Investments Co. acquired a new position in Bullish in the third quarter valued at approximately $361,000. Finally, UBS Group AG acquired a new position in Bullish in the third quarter valued at approximately $14,211,000.

Key Stories Impacting Bullish

Here are the key news stories impacting Bullish this week:

• Positive Sentiment: Bullish officially claimed the third-largest spot crypto exchange ranking for February, reporting roughly $76 billion in spot volume — a direct catalyst for higher trading-volume expectations and fee revenue upside. Bullish Becomes Third-Largest Crypto Exchange
• Positive Sentiment: Independent crypto press and market sites echoed the ranking, noting Bullish overtook Coinbase in spot volume — coverage that likely amplified buying interest and short-term sentiment. Bullish (BLSH) Stock Climbs as Exchange Claims Third Spot in Global Trading Volume
• Positive Sentiment: Market commentary and equity pages reported the move higher after the exchange ranking was publicized, reinforcing short-term momentum for BLSH shares. Bullish Stock (BLSH) Ticks Up as Exchange Becomes Third-Largest, Beating Coinbase
• Neutral Sentiment: Broader crypto market moves (geopolitical-driven spikes and volatility) can raise platform volumes but also increase short-term churn; impact on sustained revenue depends on whether volumes persist. Bitcoin, Ethereum, XRP, Dogecoin Spike As Iran’s New Leader Signals Continued Hormuz Strait Closure
• Neutral Sentiment: Institutional accumulation narratives for major tokens (e.g., Ethereum) may support exchange volumes over time but don’t guarantee improved margins for trading platforms. Institutional Conviction Fuels Bullish Ethereum Outlook Despite Brutal Crypto Selloff
• Negative Sentiment: Fundamentals remain a concern: Bullish reported a large EPS miss for its Feb quarter (reported -$3.73 vs. est. $0.16), negative net margin and negative ROE despite revenue growth — reasons for caution on valuation and sustainable profitability. Bullish Stock Profile & Recent Results
• Negative Sentiment: Valuation and technicals: the stock trades well below its 200-day average and at a high P/E, which makes it sensitive to any reversal in crypto volumes or margin pressure. Bullish Stock Profile & Recent Results

Bullish Stock Performance

Shares of NYSE BLSH opened at $36.69 on Friday. Bullish has a 12-month low of $24.79 and a 12-month high of $118.00. The company has a market cap of $5.36 billion and a PE ratio of 366.87. The stock has a 50 day simple moving average of $34.43 and a 200-day simple moving average of $45.43. 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 (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 business 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%. Bullish’s revenue for the quarter was up 67.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.37 EPS.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Rosenblatt Securities dropped their price target on Bullish from $52.00 to $39.00 and set a “buy” rating on the stock in a research report on Friday, February 6th. Wall Street Zen upgraded Bullish from a “sell” rating to a “hold” rating in a research report on Monday, February 23rd. Citigroup lowered their price objective on Bullish from $77.00 to $67.00 and set a “buy” rating for the company in a research note on Monday, December 22nd. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $50.00 target price on shares of Bullish in a research report on Tuesday, January 6th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Bullish in a report on Monday, December 29th. Five analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $52.08.

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.