Bullish (NYSE:BLSH) Price Target Lowered to $30.00 at Rosenblatt Securities

Bullish (NYSE:BLSH) had its price objective reduced by stock analysts at Rosenblatt Securities from $42.50 to $30.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Rosenblatt Securities’ price target points to a potential upside of 9.09% from the stock’s current price.

BLSH has been the topic of several other reports. Cantor Fitzgerald upped their price objective on shares of Bullish from $39.00 to $43.00 and gave the stock an “overweight” rating in a research report on Friday, May 15th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $61.00 price target on shares of Bullish in a research note on Friday, May 15th. Wall Street Zen raised shares of Bullish from a “sell” rating to a “hold” rating in a report on Monday, August 3rd. Zacks Research cut shares of Bullish from a “hold” rating to a “strong sell” rating in a research report on Monday, July 13th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Bullish from $43.00 to $26.00 and set a “neutral” rating for the company in a report on Tuesday, June 16th. Four research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $49.42.

Bullish Price Performance

NYSE:BLSH opened at $27.50 on Friday. Bullish has a 52-week low of $20.55 and a 52-week high of $85.00. The stock has a fifty day moving average of $24.53 and a 200 day moving average of $31.92. The company has a debt-to-equity ratio of 0.18, a quick ratio of 25.23 and a current ratio of 26.42. The firm has a market capitalization of $4.15 billion and a price-to-earnings ratio of -4.20.

Bullish (NYSE:BLSH) last released its quarterly earnings results on Thursday, August 13th. The company reported $0.09 earnings per share for the quarter, meeting the consensus estimate of $0.09. Bullish had a positive return on equity of 1.82% and a negative net margin of 314.40%.The firm had revenue of $92.62 million for the quarter. The firm’s quarterly revenue was up 62.5% on a year-over-year basis. On average, research analysts expect that Bullish will post 0.52 EPS for the current fiscal year.

Institutional Investors Weigh In On Bullish

Hedge funds have recently made changes to their positions in the business. ARK Investment Management LLC boosted its stake in shares of Bullish by 87.1% in the 4th quarter. ARK Investment Management LLC now owns 4,821,700 shares of the company’s stock valued at $182,598,000 after purchasing an additional 2,244,991 shares in the last quarter. Amova Asset Management Americas Inc. lifted its stake in Bullish by 51.9% in the first quarter. Amova Asset Management Americas Inc. now owns 3,836,063 shares of the company’s stock worth $137,139,000 after purchasing an additional 1,311,243 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its position in Bullish by 51.6% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,833,886 shares of the company’s stock valued at $136,985,000 after buying an additional 1,304,573 shares during the period. Invesco Ltd. purchased a new stake in Bullish during the third quarter valued at about $74,658,000. Finally, UBS Group AG grew its stake in shares of Bullish by 486.1% during the fourth quarter. UBS Group AG now owns 1,309,248 shares of the company’s stock valued at $49,581,000 after buying an additional 1,085,846 shares during the last quarter.

Key Headlines Impacting Bullish

Here are the key news stories impacting Bullish this week:

• Positive Sentiment: Revenue and adjusted profitability improved materially. Second-quarter adjusted revenue rose 62% year over year to $92.6 million, while adjusted EBITDA more than tripled to $29.5 million. Adjusted net income was $14.3 million, compared with a $6 million loss a year earlier. Subscription, services and other revenue reached a record $62.7 million, helping offset softer exchange activity. Bullish shares jump as Q2 adjusted revenue surges
• Positive Sentiment: Tokenized equity trading created a new growth narrative. Bullish announced the first trades of tokenized shares on a Gibraltar Financial Services Commission-regulated digital-asset exchange. The shares can trade 24/7, settle against a U.S. dollar stablecoin and provide direct ownership rights. Management described tokenized stocks as a major opportunity, with the planned Equiniti acquisition intended to provide registry and transfer-agent capabilities. Bullish sees tokenized stocks as a growth opportunity
• Neutral Sentiment: Core exchange activity weakened. Quarterly trading volume declined to $179.6 billion from $197.4 billion, and average daily volume fell to $2 billion from $2.2 billion. This makes the company’s growing subscription and services business increasingly important to sustaining revenue growth. Bullish stock surges after topping Q2 revenue estimates
• Negative Sentiment: Headline earnings remained pressured by digital-asset marks. Bullish recorded a net loss of roughly $280 million, largely reflecting write-downs tied to the value of its Bitcoin and other digital-asset holdings. The company also has a negative net margin, underscoring continued earnings volatility. Bullish gains despite Bitcoin write-down
• Negative Sentiment: Valuation and insider selling remain risks. One analysis argued that BLSH may still trade above fair value after its prior decline, while CEO Tom Farley has reported multiple open-market sales and no purchases in the past six months. The $4.2 billion Equiniti acquisition also remains subject to regulatory approval and execution risk. Bullish stock may sit above fair value

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.