Bullish (NYSE:BLSH) Trading Down 4.7% - Should You Sell?

Key Points

• Bullish's stock fell by 4.7%, closing at $48.70 with a significant drop in trading volume, down 72% from the average.
• Several analysts have issued mixed ratings on Bullish, with a consensus rating of "Hold" and a price target averaging $56.00.
• The company's current market capitalization stands at $7.35 billion, but it has a P/E ratio of -994.15.

Bullish (NYSE:BLSH - Get Free Report)'s share price traded down 4.7% during mid-day trading on Tuesday . The stock traded as low as $48.52 and last traded at $48.70. 1,607,123 shares traded hands during trading, a decline of 72% from the average session volume of 5,705,812 shares. The stock had previously closed at $51.08.

Analyst Ratings Changes

BLSH has been the subject of a number of research reports. UBS Group set a $63.00 target price on shares of Bullish in a research report on Friday. Canaccord Genuity Group reiterated a "buy" rating and issued a $68.00 target price on shares of Bullish in a research report on Thursday. Citigroup raised their price target on Bullish from $66.00 to $70.00 and gave the company a "buy" rating in a report on Thursday. JPMorgan Chase & Co. began coverage on Bullish in a report on Monday, September 8th. They set a "neutral" rating and a $50.00 price objective on the stock. Finally, Keefe, Bruyette & Woods began coverage on shares of Bullish in a report on Monday, September 15th. They issued a "market perform" rating and a $55.00 target price for the company. Four research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $57.33.

Bullish Stock Up 5.9%

The stock has a market cap of $10.16 billion and a PE ratio of -1,374.52.

Bullish (NYSE:BLSH - Get Free Report) last issued its quarterly earnings data on Wednesday, September 17th. The company reported ($0.05) earnings per share for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.01). The company had revenue of $57.00 million during the quarter, compared to analysts' expectations 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.