Bullish (NYSE:BLSH) Coverage Initiated by Analysts at Stonex Financial

Investment analysts at Stonex Financial initiated coverage on shares of Bullish (NYSE:BLSH) in a research report issued to clients and investors on Monday, Zacks reports. The firm set a “strong-buy” rating on the stock.

Other research analysts have also recently issued research reports about the stock. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $45.00 price target on shares of Bullish in a report on Wednesday, September 23rd. Freedom Capital began coverage on shares of Bullish in a report on Tuesday, November 3rd. They set a “hold” rating on the stock. Freedom Broker initiated coverage on Bullish in a research report on Tuesday, November 3rd. They issued a “hold” rating on the stock. Weiss Ratings raised Bullish from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, October 14th. Finally, Citigroup reiterated a “buy” rating on shares of Bullish in a research note on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Bullish currently has a consensus rating of “Hold” and an average target price of $44.36.

Bullish Stock Performance

BLSH opened at $22.17 on Monday. Bullish has a 52-week low of $20.06 and a 52-week high of $48.93. The company has a quick ratio of 22.41, a current ratio of 23.52 and a debt-to-equity ratio of 0.20. The company has a market cap of $3.34 billion, a P/E ratio of 60.00 and a beta of 1.06. The firm’s 50-day moving average price is $31.68 and its 200-day moving average price is $31.78.

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

Hedge Funds Weigh In On Bullish

Several large investors have recently made changes to their positions in BLSH. Essential Partners LLC purchased a new stake in shares of Bullish in the first quarter valued at approximately $27,000. SteelPeak Wealth LLC grew its holdings in Bullish by 13.5% in the 1st 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 in the last quarter. Jacobi Capital Management LLC acquired a new position in Bullish in the 3rd quarter valued at about $45,000. Global Retirement Partners LLC increased its holdings in shares of Bullish by 790.4% during the 3rd quarter. Global Retirement Partners LLC now owns 1,478 shares of the company’s stock worth $52,000 after buying an additional 1,312 shares during the last quarter. Finally, Rothschild Investment LLC raised its position in shares of Bullish by 1,600.0% during the 3rd quarter. Rothschild Investment LLC now owns 1,700 shares of the company’s stock valued at $59,000 after buying an additional 1,600 shares during the period.

More Bullish News

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

Bullish Company Profile

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.