Quantinno Capital Management LP Takes Position in Bullish $BLSH

Key Points

• Quantinno Capital Management acquired 68,778 Bullish shares worth approximately $2.46 million during the first quarter. Several other institutions also increased their positions, including ARK Investment Management, Amova Asset Management and UBS.
• Bullish shares opened at $23.68, near the lower end of their $20.55–$118.00 52-week range. The company’s quarterly revenue rose 48.8% year over year to $92.83 million, but earnings of $0.13 per share missed expectations of $0.17 and net margin remained deeply negative.
• Analyst sentiment is mixed, with an overall “Hold” rating and an average price target of $50.67. July trading spreads improved, but total trading volume fell sharply to $30.7 billion from $50.9 billion in June, potentially pressuring transaction-based revenue.

Quantinno Capital Management LP acquired a new position in shares of Bullish (NYSE:BLSH - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 68,778 shares of the company's stock, valued at approximately $2,457,000.

Several other institutional investors have also added to or reduced their stakes in BLSH. ARK Investment Management LLC raised its stake in shares of Bullish by 87.1% in the 4th quarter. ARK Investment Management LLC now owns 4,821,700 shares of the company's stock valued at $182,598,000 after purchasing an additional 2,244,991 shares during the period. Amova Asset Management Americas Inc. raised its position in Bullish by 51.9% in the 1st quarter. Amova Asset Management Americas Inc. now owns 3,836,063 shares of the company's stock valued at $137,139,000 after buying an additional 1,311,243 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its stake 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 acquiring an additional 1,304,573 shares in the last quarter. Invesco Ltd. bought a new position in shares of Bullish during the 3rd quarter worth approximately $74,658,000. Finally, UBS Group AG grew its stake in shares of Bullish by 486.1% during the 4th quarter. UBS Group AG now owns 1,309,248 shares of the company's stock worth $49,581,000 after acquiring an additional 1,085,846 shares in the last quarter.

Bullish Trading Up 0.3%

BLSH stock opened at $23.68 on Monday. Bullish has a 52 week low of $20.55 and a 52 week high of $118.00. The company has a market capitalization of $3.57 billion and a PE ratio of -3.62. The company's 50-day simple moving average is $24.91 and its 200 day simple moving average is $32.25. The company has a debt-to-equity ratio of 0.18, a quick ratio of 25.23 and a current ratio of 26.42.

Bullish (NYSE:BLSH - Get Free Report) last issued its quarterly earnings data on Thursday, May 14th. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.04). The business had revenue of $92.83 million during the quarter. Bullish had a positive return on equity of 1.82% and a negative net margin of 314.40%.The firm's revenue was up 48.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Bullish will post 0.54 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on BLSH. Zacks Research downgraded Bullish from a "hold" rating to a "strong sell" rating in a research report on Monday, July 13th. JPMorgan Chase & Co. dropped their price objective on shares of Bullish from $43.00 to $26.00 and set a "neutral" rating on the stock in a research report on Tuesday, June 16th. Wall Street Zen raised shares of Bullish from a "sell" rating to a "hold" rating in a report on Monday, August 3rd. Rosenblatt Securities upped their price target on shares of Bullish from $39.00 to $45.00 and gave the company a "neutral" rating in a research note on Wednesday, May 13th. Finally, Cantor Fitzgerald raised their price objective on shares of Bullish from $39.00 to $43.00 and gave the stock an "overweight" rating in a research report on Friday, May 15th. Four research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $50.67.

Bullish News Roundup

Here are the key news stories impacting Bullish this week:

• Positive Sentiment: Trading spreads improved: Bullish reported an average trading spread of 2.62 basis points in July, up from 2.56 basis points in June. Higher spreads can support revenue generation per dollar of trading volume. Bullish releases July 2026 monthly metrics
• Positive Sentiment: Meaningful institutional-market activity continued: Bullish generated $30.7 billion in total July trading volume, including $29.1 billion in spot volume, demonstrating ongoing use of its digital-asset exchange and market infrastructure.
• Neutral Sentiment: Lower crypto volatility could have mixed effects: Average July volatility declined to 32% for Bitcoin and 44% for Ethereum, from 47% and 67%, respectively, in June. More stable markets may reduce trading opportunities, but could also support institutional participation and a more predictable platform environment. Bullish reports July 2026 monthly metrics
• Negative Sentiment: Trading volume fell substantially: Total volume declined from $50.9 billion in June to $30.7 billion in July, while spot volume fell from $45.5 billion to $29.1 billion. Lower volume may pressure transaction-based revenue despite the improved spread.
• Negative Sentiment: Earnings-beat expectations are cautious: A Zacks preview said Bullish does not currently have the favorable combination of factors typically associated with an earnings beat, potentially weighing on sentiment ahead of the company’s next report. Bullish earnings expected to grow

Bullish 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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