Bullish (NYSE:BLSH) Hits New 12-Month Low – Here’s Why

Bullish (NYSE:BLSH) shares hit a new 52-week low on Thursday. The stock traded as low as $20.06 and last traded at $20.7510, with a volume of 543,945 shares trading hands. The stock had previously closed at $23.13.

More Bullish News

Here are the key news stories impacting Bullish this week:

• Neutral Sentiment: Bullish published its October operating metrics on November 5. The update may give investors insight into platform activity, but without the reported numbers, its effect on the outlook is unclear. Bullish releases October 2026 monthly metrics
• Neutral Sentiment: Freedom Broker initiated coverage with a “Hold” rating. That is neither a buy recommendation nor a stated bearish call, and provides limited support for a near-term price catalyst. Freedom Broker coverage

Analysts Set New Price Targets

Several equities analysts have issued reports on BLSH shares. Compass Point raised shares of Bullish from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $30.00 to $51.00 in a report on Monday, September 14th. Canaccord Genuity Group restated a “buy” rating and set a $45.00 target price on shares of Bullish in a research note on Wednesday, September 23rd. Keefe, Bruyette & Woods dropped their target price on Bullish from $55.00 to $40.00 and set a “market perform” rating on the stock in a research note on Tuesday, September 29th. Freedom Broker initiated coverage on Bullish in a research report on Tuesday. They set a “hold” rating on the stock. Finally, Weiss Ratings upgraded Bullish from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, October 14th. Five investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Bullish presently has a consensus rating of “Hold” and a consensus target price of $44.36.

Bullish Stock Performance

The stock has a market capitalization of $3.22 billion, a price-to-earnings ratio of -2.31 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 firm has a 50-day moving average of $32.12 and a 200-day moving average of $31.93.

Bullish (NYSE:BLSH) last announced its quarterly earnings data on Thursday, August 13th. The company reported $0.09 EPS for the quarter, meeting the consensus estimate of $0.09. The business 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 business’s revenue for the quarter was up 62.5% on a year-over-year basis. As a group, sell-side analysts predict that Bullish will post 0.44 earnings per share for the current year.

Hedge Funds Weigh In On Bullish

Several institutional investors have recently made changes to their positions in the company. Essential Partners LLC purchased a new position in Bullish during the first quarter valued at $27,000. SteelPeak Wealth LLC raised its position in shares of Bullish by 13.5% during the 1st quarter. SteelPeak Wealth LLC now owns 8,577 shares of the company’s stock worth $306,000 after purchasing an additional 1,019 shares during the last quarter. Jacobi Capital Management LLC acquired a new position in shares of Bullish during the 3rd quarter worth about $45,000. Lazard Asset Management LLC raised its position in shares of Bullish by 1.4% during the 1st quarter. Lazard Asset Management LLC now owns 136,453 shares of the company’s stock worth $4,875,000 after purchasing an additional 1,871 shares during the last quarter. Finally, CoreCap Advisors LLC purchased a new position in Bullish in the 3rd quarter valued at about $67,000.

About Bullish

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.