Bullish (NYSE:BLSH) Price Target Raised to $45.00 at Rosenblatt Securities

Bullish (NYSE:BLSH) had its price target lifted by research analysts at Rosenblatt Securities from $39.00 to $45.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Rosenblatt Securities’ target price would suggest a potential upside of 5.19% from the company’s previous close.

BLSH has been the topic of several other research reports. Citigroup lowered their price target on Bullish from $67.00 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday, March 18th. Weiss Ratings reissued a “sell (d)” rating on shares of Bullish in a research note on Friday, March 27th. JPMorgan Chase & Co. dropped their price target on shares of Bullish from $42.00 to $41.00 and set a “neutral” rating on the stock in a research report on Friday, February 6th. Finally, Wall Street Zen upgraded shares of Bullish from a “sell” rating to a “hold” rating in a research note on Monday, February 23rd. Four investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $52.42.

Bullish Price Performance

Shares of NYSE BLSH opened at $42.78 on Wednesday. The stock has a market capitalization of $6.45 billion and a price-to-earnings ratio of 427.79. The business has a 50-day moving average of $38.64 and a 200-day moving average of $39.39. The company has a debt-to-equity ratio of 0.15, a current ratio of 29.28 and a quick ratio of 27.69. Bullish has a fifty-two week low of $24.79 and a fifty-two week high of $118.00.

Insider Activity at Bullish

In other news, CEO Thomas W. Farley sold 80,000 shares of the business’s stock in a transaction dated Friday, April 10th. The stock was sold at an average price of $36.41, for a total transaction of $2,912,800.00. Following the sale, the chief executive officer directly owned 4,923,386 shares in the company, valued at approximately $179,260,484.26. The trade was a 1.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Institutional Trading of Bullish

Institutional investors have recently bought and sold shares of the company. ARK Investment Management LLC increased its holdings in shares of Bullish by 87.1% during the fourth quarter. ARK Investment Management LLC now owns 4,821,700 shares of the company’s stock valued at $182,598,000 after acquiring an additional 2,244,991 shares in the last quarter. Amova Asset Management Americas Inc. lifted its holdings in shares of Bullish by 51.9% in the 1st quarter. Amova Asset Management Americas Inc. now owns 3,836,063 shares of the company’s stock worth $137,139,000 after purchasing an additional 1,311,243 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its position in Bullish by 51.6% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,833,886 shares of the company’s stock valued at $136,985,000 after purchasing an additional 1,304,573 shares during the period. Invesco Ltd. increased its stake in Bullish by 87.2% during the 4th quarter. Invesco Ltd. now owns 2,197,520 shares of the company’s stock valued at $83,220,000 after purchasing an additional 1,023,835 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its stake in Bullish by 7.2% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,563,985 shares of the company’s stock valued at $59,228,000 after purchasing an additional 104,724 shares in the last quarter.

Trending Headlines about Bullish

Here are the key news stories impacting Bullish this week:

• Positive Sentiment: Bullish announced a $4.2 billion acquisition of Equiniti, a major strategic move that could broaden the company’s footprint and support longer-term growth. Bullish (NYSE: BLSH) to Acquire Equiniti in $4.2 Billion Transaction
• Neutral Sentiment: The company is set to report Q1 results, and traders are likely waiting for guidance on whether crypto market conditions have improved enough to offset any recent weakness in volumes. Peter Thiel-Backed Bullish Gears Up for Q1 Earnings: Will Softer Crypto Volumes Hurt The Crypto Exchange’s Bottom Line?

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.