Bullish (NYSE:BLSH) Shares Gap Down - Here's Why

Key Points

• Bullish (NYSE:BLSH) experienced a significant gap down in shares, opening at $63.20 compared to its previous close of $65.61, with the last traded price being $66.06.
• Analysts have provided varied ratings for Bullish, with targets ranging from $51 to $60, while the consensus rating remains a "Hold" with an average target price of $57.33.
• The company missed its earnings estimate by $0.01, reporting an earnings per share of ($0.05) against expectations of ($0.04), while revenues were $57.00 million.

Bullish (NYSE:BLSH - Get Free Report) shares gapped down prior to trading on Friday . The stock had previously closed at $65.61, but opened at $63.20. Bullish shares last traded at $66.06, with a volume of 1,487,727 shares traded.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Compass Point reaffirmed a "neutral" rating on shares of Bullish in a report on Thursday. Jefferies Financial Group began coverage on shares of Bullish in a report on Monday, September 8th. They set a "hold" rating and a $49.00 price objective on the stock. Cantor Fitzgerald increased their price objective on shares of Bullish from $56.00 to $59.00 and gave the stock an "overweight" rating in a report on Thursday. Oppenheimer began coverage on shares of Bullish in a report on Monday, September 8th. They set a "market perform" rating on the stock. Finally, New Street Research set a $56.00 price objective on shares of Bullish in a report on Thursday. Four research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $57.33.

Bullish Price Performance

Bullish (NYSE:BLSH - Get Free Report) last released its quarterly earnings data on Wednesday, September 17th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.01). The company had revenue of $57.00 million for the quarter, compared to analyst estimates of $55.91 million. Bullish has set its Q3 2025 guidance at EPS.

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.