Bullish (NYSE:BLSH) Sets New 52-Week Low – Here’s Why

Shares of Bullish (NYSE:BLSH) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $47.80 and last traded at $47.5310, with a volume of 1569032 shares traded. The stock had previously closed at $50.26.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on BLSH. Cantor Fitzgerald lifted their price objective on Bullish from $56.00 to $59.00 and gave the company an “overweight” rating in a research note on Thursday, September 18th. Jefferies Financial Group assumed coverage on Bullish in a research note on Monday, September 8th. They set a “hold” rating and a $49.00 target price for the company. Canaccord Genuity Group reaffirmed a “buy” rating and set a $68.00 price target on shares of Bullish in a report on Thursday, September 18th. Wall Street Zen downgraded Bullish from a “hold” rating to a “sell” rating in a report on Saturday, October 25th. Finally, JPMorgan Chase & Co. began coverage on Bullish in a report on Monday, September 8th. They issued a “neutral” rating and a $50.00 target price for the company. Four analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $57.33.

Bullish Stock Performance

The company has a market cap of $6.68 billion and a PE ratio of -915.74. The business’s 50-day moving average price is $58.88. The company has a current ratio of 24.59, a quick ratio of 22.75 and a debt-to-equity ratio of 0.20.

Bullish (NYSE:BLSH) last issued its quarterly earnings results on Wednesday, September 17th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.01). The company had revenue of $57.00 million during the quarter, compared to analysts’ expectations of $55.91 million. Bullish has set its Q3 2025 guidance at EPS.

Hedge Funds Weigh In On Bullish

Several institutional investors have recently added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA acquired a new position in Bullish during the 3rd quarter worth approximately $92,824,000. Sumitomo Mitsui Trust Group Inc. acquired a new position in Bullish during the 3rd quarter worth approximately $91,782,000. Stephens Investment Management Group LLC acquired a new position in Bullish during the 3rd quarter worth approximately $27,080,000. Exchange Traded Concepts LLC acquired a new position in Bullish during the 3rd quarter worth approximately $10,423,000. Finally, Principal Financial Group Inc. acquired a new position in Bullish during the 3rd quarter worth approximately $7,034,000.

About Bullish

Bullish is an institutionally focused global digital asset platform that provides market infrastructure and information services. Our objective is to provide mission critical products and services that are designed to help institutions grow their businesses, empower individual customers, and drive the adoption of stablecoins, digital assets, and blockchain technology.