Maltese Capital Management LLC Takes Position in Bullish $BLSH

Maltese Capital Management LLC bought a new position in shares of Bullish (NYSE:BLSH) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 19,300 shares of the company’s stock, valued at approximately $1,228,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Tradewinds Capital Management LLC purchased a new position in Bullish in the third quarter valued at approximately $25,000. Ameritas Advisory Services LLC purchased a new stake in shares of Bullish during the 3rd quarter worth approximately $29,000. CWM LLC acquired a new position in shares of Bullish in the 3rd quarter valued at $31,000. 10Elms LLP acquired a new position in shares of Bullish in the 3rd quarter valued at $32,000. Finally, Tsfg LLC purchased a new position in shares of Bullish in the 3rd quarter valued at $45,000.

Analyst Upgrades and Downgrades

BLSH has been the topic of several research analyst reports. Rosenblatt Securities cut their price target on shares of Bullish from $52.00 to $39.00 and set a “buy” rating on the stock in a research note on Friday, February 6th. Canaccord Genuity Group dropped their price objective on Bullish from $68.00 to $50.00 and set a “buy” rating on the stock in a report on Monday, November 24th. Sanford C. Bernstein reiterated a “market perform” rating and set a $50.00 target price on shares of Bullish in a research report on Tuesday, January 6th. Citigroup reduced their target price on Bullish from $77.00 to $67.00 and set a “buy” rating for the company in a report on Monday, December 22nd. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Bullish in a research report on Monday, December 29th. Five investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Bullish currently has a consensus rating of “Hold” and a consensus price target of $52.08.

Bullish Stock Up 8.3%

Shares of NYSE:BLSH opened at $39.66 on Tuesday. Bullish has a 1-year low of $24.79 and a 1-year high of $118.00. 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 stock has a market cap of $5.98 billion and a P/E ratio of 396.58. The firm has a fifty day moving average price of $34.39 and a 200 day moving average price of $44.98.

Bullish (NYSE:BLSH) last posted its quarterly earnings data on Thursday, February 5th. The company reported ($3.73) EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($3.89). Bullish had a negative net margin of 0.95% and a negative return on equity of 10.58%. The business had revenue of $92.50 million during the quarter. During the same quarter in the previous year, the company posted $1.37 EPS. The business’s revenue for the quarter was up 67.6% compared to the same quarter last year.

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.