20,000 Bullish $BLSH Shares Acquired by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lifted its stake in Bullish (NYSE:BLSH) by 16.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 140,000 shares of the company’s stock after acquiring an additional 20,000 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.09% of Bullish worth $4,885,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Amova Asset Management Americas Inc. boosted its position in Bullish by 51.9% during the first quarter. Amova Asset Management Americas Inc. now owns 3,836,063 shares of the company’s stock valued at $137,139,000 after purchasing an additional 1,311,243 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its holdings in Bullish by 51.6% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,833,886 shares of the company’s stock worth $136,985,000 after buying an additional 1,304,573 shares during the last quarter. Stephens Investment Management Group LLC increased its holdings in Bullish by 38.6% during the first quarter. Stephens Investment Management Group LLC now owns 1,178,599 shares of the company’s stock worth $42,111,000 after buying an additional 328,351 shares during the last quarter. Galaxy Digital Inc. bought a new stake in Bullish during the first quarter worth $22,331,000. Finally, Intrinsic Edge Capital Management LLC bought a new stake in Bullish during the first quarter worth $7,830,000.

Analyst Upgrades and Downgrades

A number of brokerages have commented on BLSH. Citigroup reiterated a “buy” rating on shares of Bullish in a research note on Monday, July 27th. Compass Point upgraded shares of Bullish from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $30.00 to $51.00 in a research note on Monday, September 14th. UBS Group set a $43.00 price objective on shares of Bullish in a research note on Monday, September 21st. Wall Street Zen upgraded shares of Bullish from a “sell” rating to a “hold” rating in a research note on Monday, August 3rd. Finally, JPMorgan Chase & Co. cut their target price on shares of Bullish from $26.00 to $25.00 and set a “neutral” rating for the company in a research note on Friday, August 14th. Five analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Bullish has a consensus rating of “Hold” and an average price target of $44.36.

Bullish Stock Down 3.5%

BLSH stock opened at $28.16 on Friday. The company has a current ratio of 23.52, a quick ratio of 22.41 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $4.25 billion, a PE ratio of -3.04 and a beta of 0.70. Bullish has a 1-year low of $20.55 and a 1-year high of $56.92. The business’s 50 day simple moving average is $33.18 and its 200 day simple moving average is $31.61.

Bullish (NYSE:BLSH) last posted its quarterly earnings results on Thursday, August 13th. The company reported $0.09 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.09. Bullish had a positive return on equity of 2.48% and a negative net margin of 389.38%. The business had revenue of $92.62 million for the quarter. The business’s revenue was up 62.5% on a year-over-year basis. As a group, research analysts anticipate that Bullish will post 0.44 EPS for the current year.

Bullish Profile

Bullish is a digital asset trading and financial technology company that operates a regulated cryptocurrency exchange. Its platform is designed to provide trading and market infrastructure for digital assets, including spot trading and other services for institutional and professional investors.

The company’s offerings include access to cryptocurrency markets, custody and settlement capabilities, and tools intended to support liquidity, execution and portfolio management. Bullish also publishes digital asset market news and analysis through its media operations.

Bullish was established in 2021 and launched its exchange that year.