Bullish (NYSE:BLSH) Trading Down 4.4% – Here’s What Happened

Shares of Bullish (NYSE:BLSH) dropped 4.4% during mid-day trading on Thursday . The company traded as low as $36.52 and last traded at $36.6810. Approximately 396,911 shares traded hands during mid-day trading, a decline of 72% from the average daily volume of 1,436,301 shares. The stock had previously closed at $38.37.

More Bullish News

Here are the key news stories impacting Bullish this week:

• Positive Sentiment: Datadog analyst turns bullish ahead of Q4, calling for >23% growth (ex-OAI) — a positive read for software/AI sentiment that can lift risk appetite for tech-related names. This Datadog Analyst Expects Significant Q4 Beat, Turns Bullish Ahead Of Print
• Neutral Sentiment: Amazon analysts are sharpening bullish targets — positive for broader tech leadership but not a direct catalyst for BLSH. Amazon Stock Trending: Analysts Sharpen Bullish Targets
• Neutral Sentiment: New bullish analyst coverage on Micron and other sector initiations — may drive rotation into semiconductors and AI supply chain names, not directly into Bullish. This Micron Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Thursday
• Neutral Sentiment: Other analyst activity (Elanco, Oklo, Crescent Biopharma, Albemarle, Darden, Ondas) shows mixed upgrades/initiations across sectors — overall noise that can reallocate flows but contains no Bullish-specific catalyst. Examples: Elanco upgrade and BofA turning bullish on Oklo. This Elanco Animal Health Analyst Turns Bullish; Here Are Top 5 Upgrades For Thursday

Analyst Ratings Changes

Several brokerages have recently issued reports on BLSH. Weiss Ratings reissued a “sell (d)” rating on shares of Bullish in a research report on Monday, December 29th. Wall Street Zen lowered Bullish from a “hold” rating to a “sell” rating in a research report on Sunday, November 23rd. Citigroup reduced their target price on shares of Bullish from $77.00 to $67.00 and set a “buy” rating on the stock in a research report on Monday, December 22nd. Deutsche Bank Aktiengesellschaft raised shares of Bullish from a “hold” rating to a “buy” rating and dropped their price objective for the stock from $52.00 to $51.00 in a research note on Wednesday, November 19th. Finally, Rosenblatt Securities decreased their target price on shares of Bullish from $55.00 to $52.00 and set a “buy” rating for the company in a research note on Thursday, January 15th. Five equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Bullish presently has an average rating of “Hold” and a consensus price target of $53.58.

Bullish Price Performance

The company has a debt-to-equity ratio of 0.13, a current ratio of 38.78 and a quick ratio of 36.58. The company has a 50 day moving average of $41.30. The company has a market cap of $5.33 billion and a PE ratio of 1,823.50.

Hedge Funds Weigh In On Bullish

A number of institutional investors and hedge funds have recently made changes to their positions in BLSH. Tradewinds Capital Management LLC purchased a new stake in Bullish during the third quarter valued at approximately $25,000. Ameritas Advisory Services LLC purchased a new stake in shares of Bullish in the 3rd quarter worth $29,000. CWM LLC bought a new position in Bullish in the 3rd quarter worth $31,000. 10Elms LLP purchased a new position in Bullish during the third quarter valued at $32,000. Finally, Tsfg LLC bought a new stake in Bullish during the third quarter valued at about $45,000.

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.