Bullish (NYSE:BLSH) Stock Has Average Price Target of $44.36

Shares of Bullish (NYSE:BLSH) have received an average rating of “Hold” from the twelve brokerages that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, six have given a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $44.36.

BLSH has been the topic of several recent research reports. Wall Street Zen upgraded Bullish from a “sell” rating to a “hold” rating in a report on Monday, August 3rd. UBS Group set a $43.00 price objective on Bullish in a report on Monday, September 21st. Canaccord Genuity Group reaffirmed a “buy” rating and set a $45.00 target price on shares of Bullish in a research report on Wednesday, September 23rd. JPMorgan Chase & Co. cut their target price on Bullish from $26.00 to $25.00 and set a “neutral” rating on the stock in a report on Friday, August 14th. Finally, Compass Point upgraded 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 report on Monday, September 14th.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Essential Partners LLC bought a new position in shares of Bullish in the first quarter valued at approximately $27,000. SteelPeak Wealth LLC boosted its position in shares of Bullish by 13.5% during the first quarter. SteelPeak Wealth LLC now owns 8,577 shares of the company’s stock valued at $306,000 after buying an additional 1,019 shares during the last quarter. Lazard Asset Management LLC grew its holdings in Bullish by 1.4% during the first quarter. Lazard Asset Management LLC now owns 136,453 shares of the company’s stock worth $4,875,000 after buying an additional 1,871 shares in the last quarter. CoreCap Advisors LLC bought a new stake in Bullish during the third quarter worth $67,000. Finally, Integrated Wealth Concepts LLC purchased a new stake in Bullish in the 2nd quarter valued at $59,000.

Bullish Price Performance

BLSH stock opened at $27.34 on Tuesday. The stock has a market capitalization of $4.12 billion, a PE ratio of -2.95 and a beta of 0.70. The company’s 50-day moving average is $32.89 and its 200-day moving average is $31.77. The company has a debt-to-equity ratio of 0.20, a current ratio of 23.52 and a quick ratio of 22.41. Bullish has a 1 year low of $20.55 and a 1 year high of $60.14.

Bullish (NYSE:BLSH) last issued its earnings results on Thursday, August 13th. The company reported $0.09 EPS for the quarter, meeting the consensus estimate of $0.09. Bullish had a positive return on equity of 2.48% and a negative net margin of 389.38%. The company had revenue of $92.62 million during the quarter. The business’s revenue was up 62.5% on a year-over-year basis. Equities research analysts expect that Bullish will post 0.46 EPS for the current fiscal year.

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.