Stephens Investment Management Group LLC Increases Stock Position in Bullish $BLSH

Stephens Investment Management Group LLC increased its position in Bullish (NYSE:BLSH) by 99.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 850,248 shares of the company’s stock after purchasing an additional 424,523 shares during the period. Stephens Investment Management Group LLC’s holdings in Bullish were worth $32,199,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in BLSH. CWM LLC purchased a new position in Bullish in the 3rd quarter worth approximately $31,000. Massachusetts Financial Services Co. MA purchased a new position in Bullish in the 3rd quarter worth approximately $92,824,000. Avidian Wealth Enterprises LLC purchased a new position in Bullish in the 3rd quarter worth approximately $214,000. Emerald Mutual Fund Advisers Trust purchased a new position in Bullish in the 3rd quarter worth approximately $318,000. Finally, Global Assets Advisory LLC purchased a new position in Bullish in the 3rd quarter worth approximately $254,000.

Insider Activity

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

Key Stories Impacting Bullish

Here are the key news stories impacting Bullish this week:

• Positive Sentiment: Bullish delivered Q1 revenue of $92.8 million, up sharply year over year, showing the company is still growing its digital-asset platform and market infrastructure business. Bullish reports first quarter 2026 results
• Positive Sentiment: Management struck an upbeat tone on the earnings call, highlighting the proposed Equiniti acquisition as a strategic step that could expand Bullish’s long-term growth and blockchain infrastructure footprint. Bullish reports first quarter 2026 results
• Positive Sentiment: Cantor Fitzgerald raised its price target on Bullish to $43 from $39 and kept an overweight rating, signaling continued analyst confidence despite the weak post-earnings reaction. Analyst update on Bullish
• Neutral Sentiment: Analysts remain divided after the report: some see strategic progress, while others note a weak start to Q2 and continued macro uncertainty, limiting conviction near term. Bullish Posts Strong Q1 Against Strong Headwinds, But Uncertainty Remains, Say Analysts
• Negative Sentiment: Q1 earnings missed estimates, with EPS of $0.13 versus $0.17 expected, and the company also reported a sizable net loss, reinforcing concerns about profitability. These Analysts Revise Their Forecasts On Bullish After Q1 Results
• Negative Sentiment: Recent coverage also noted the stock came under pressure after the earnings miss and following CEO Thomas Farley’s share sale, which may be adding to investor caution. Bullish CEO Sells Stock

Bullish Trading Down 9.5%

Shares of BLSH stock opened at $35.69 on Friday. Bullish has a 1 year low of $24.79 and a 1 year high of $118.00. The firm has a fifty day moving average price of $38.90 and a 200-day moving average price of $39.18. The company has a debt-to-equity ratio of 0.15, a current ratio of 29.28 and a quick ratio of 27.69. The company has a market cap of $5.38 billion and a price-to-earnings ratio of -5.45.

Bullish (NYSE:BLSH) last issued its quarterly earnings data on Thursday, May 14th. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.04). Bullish had a negative net margin of 314.40% and a positive return on equity of 1.74%. The business had revenue of $92.83 million for the quarter. The firm’s quarterly revenue was up 48.8% on a year-over-year basis. As a group, equities analysts predict that Bullish will post 0.78 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on BLSH shares. Rosenblatt Securities boosted their price objective on shares of Bullish from $39.00 to $45.00 and gave the stock a “neutral” rating in a report on Wednesday. Wall Street Zen upgraded shares of Bullish from a “sell” rating to a “hold” rating in a report on Monday, February 23rd. Weiss Ratings reiterated a “sell (d)” rating on shares of Bullish in a research note on Friday, March 27th. Citigroup decreased their target price on shares of Bullish from $67.00 to $65.00 and set a “buy” rating for the company in a research note on Wednesday, March 18th. Finally, Cantor Fitzgerald boosted their target price on shares of Bullish from $39.00 to $43.00 and gave the company an “overweight” rating in a research note on Friday. Four analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $51.92.

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.