Bullish (NYSE:BLSH) Lowered to “Sell” Rating by Wall Street Zen

Wall Street Zen downgraded shares of Bullish (NYSE:BLSH) from a hold rating to a sell rating in a research report released on Sunday.

A number of other research analysts also recently commented on the company. Rosenblatt Securities increased their target price on Bullish from $39.00 to $45.00 and gave the stock a “neutral” rating in a report on Wednesday, May 13th. JPMorgan Chase & Co. lowered their price target on Bullish from $43.00 to $26.00 and set a “neutral” rating for the company in a report on Tuesday, June 16th. Cantor Fitzgerald raised their price objective on Bullish from $39.00 to $43.00 and gave the stock an “overweight” rating in a research note on Friday, May 15th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $61.00 price objective on shares of Bullish in a research note on Friday, May 15th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Bullish in a research note on Wednesday, June 24th. Four analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $50.67.

Bullish Price Performance

Shares of BLSH stock opened at $24.00 on Friday. The firm has a market cap of $3.62 billion and a P/E ratio of -3.66. The firm has a fifty day moving average of $27.44 and a two-hundred day moving average of $33.40. The company has a debt-to-equity ratio of 0.18, a current ratio of 26.42 and a quick ratio of 25.23. Bullish has a 1-year low of $21.76 and a 1-year high of $118.00.

Bullish (NYSE:BLSH) last issued its quarterly earnings results on Thursday, May 14th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.04). The company had revenue of $92.83 million for the quarter. Bullish had a positive return on equity of 1.82% and a negative net margin of 314.40%.The company’s revenue was up 48.8% on a year-over-year basis. As a group, research analysts anticipate that Bullish will post 0.54 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Thomas W. Farley sold 80,000 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $43.95, for a total transaction of $3,516,000.00. Following the completion of the transaction, the chief executive officer owned 80,000 shares in the company, valued at $3,516,000. The trade was a 50.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Institutional Investors Weigh In On Bullish

Hedge funds have recently added to or reduced their stakes in the stock. Essential Partners LLC bought a new position in shares of Bullish during the first quarter worth about $27,000. Rakuten Securities Inc. bought a new stake in Bullish in the 4th quarter valued at about $28,000. Strs Ohio bought a new stake in Bullish in the 4th quarter valued at about $30,000. MetLife Investment Management LLC acquired a new position in Bullish during the 4th quarter valued at about $30,000. Finally, Kestra Advisory Services LLC acquired a new position in Bullish during the 4th quarter valued at about $61,000.

Key Stories Impacting Bullish

Here are the key news stories impacting Bullish this week:

• Positive Sentiment: Canaccord Genuity reiterated a Buy rating on Bullish and kept its $50 price target, citing confidence in the company’s tokenization strategy and stablecoin growth. Article: Bullish Buy Rating Reiterated as Tokenization Strategy and Stablecoin Growth Support Unchanged $50 Price Target
• Positive Sentiment: Bullish announced progress on its planned $4.2 billion acquisition of Equiniti, including competition-law clearances in the UK, U.S., and Germany, which reduces regulatory risk and supports the long-term tokenized securities strategy. Article: Bullish announces Siris to acquire non-core Equiniti business lines
• Neutral Sentiment: Siris also agreed to retain Equiniti’s non-core businesses, while the main Bullish-Equiniti deal remains subject to remaining approvals and is expected to close in January 2027. This keeps the strategic deal on track, but completion is still not final. Article: Siris retains UK businesses as Equiniti sold to Bullish in $4.2B deal
• Negative Sentiment: Zacks added BLSH to its Strong Sell list, which likely added downside pressure as investors weigh caution from the ranking service. Article: New Strong Sell Stocks for July 24th
• Negative Sentiment: Broader sentiment may also be weighed down by ongoing concerns about Bullish’s fundamentals and execution, including recent earnings that missed expectations and prior insider selling activity referenced in market data.

About Bullish

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.