Bullish (NYSE:BLSH) Trading 5.4% Higher - Time to Buy?

Key Points

• Bullish's shares rose by 5.4% to a trading price of $54.14, despite a significant decline in average trading volume of about 68%.
• Investment analysts have issued mixed ratings for Bullish, with four analysts recommending a Buy and eight rating it as a Hold, leading to an average target price of $56.00.
• The company has a market capitalization of $7.95 billion and a very high P/E ratio of -1,075.64, indicating potential concerns about profitability.

Shares of Bullish (NYSE:BLSH - Get Free Report) rose 5.4% during mid-day trading on Wednesday . The company traded as high as $54.40 and last traded at $54.14. Approximately 1,788,990 shares traded hands during mid-day trading, a decline of 68% from the average daily volume of 5,657,924 shares. The stock had previously closed at $51.36.

Analyst Ratings Changes

BLSH has been the subject of a number of research analyst reports. UBS Group set a $63.00 target price on Bullish in a research report on Friday. Zacks Research raised shares of Bullish to a "hold" rating in a research report on Tuesday, September 9th. Citigroup upped their price target on shares of Bullish from $66.00 to $70.00 and gave the stock a "buy" rating in a research note on Thursday. Sanford C. Bernstein initiated coverage on shares of Bullish in a research report on Monday, September 8th. They set a "market perform" rating and a $60.00 target price on the stock. Finally, Wall Street Zen downgraded Bullish from a "hold" rating to a "sell" rating in a research report on Saturday, September 13th. Four 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 presently has a consensus rating of "Hold" and an average target price of $57.33.

Bullish Stock Up 5.9%

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

Bullish Company Profile

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.