38,289 Shares in Bullish $BLSH Acquired by Renaissance Capital LLC

Renaissance Capital LLC acquired a new stake in Bullish (NYSE:BLSH) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 38,289 shares of the company’s stock, valued at approximately $2,436,000. Bullish comprises about 1.4% of Renaissance Capital LLC’s portfolio, making the stock its 23rd biggest holding.

Other large investors have also recently modified their holdings of the company. CWM LLC bought a new position in shares of Bullish in the 3rd quarter valued at $31,000. Albion Financial Group UT bought a new position in shares of Bullish during the 3rd quarter worth about $64,000. Finally, Exchange Traded Concepts LLC acquired a new stake in shares of Bullish in the 3rd quarter valued at about $10,423,000.

Analyst Ratings Changes

A number of research analysts recently weighed in on BLSH shares. Wall Street Zen downgraded Bullish from a “hold” rating to a “sell” rating in a research note on Sunday, November 23rd. Keefe, Bruyette & Woods started coverage on Bullish in a report on Monday, September 15th. They issued a “market perform” rating and a $55.00 target price on the stock. Canaccord Genuity Group decreased their price target on shares of Bullish from $68.00 to $50.00 and set a “buy” rating for the company in a research note on Monday, November 24th. Deutsche Bank Aktiengesellschaft raised shares of Bullish from a “hold” rating to a “buy” rating and dropped their price objective for the company from $52.00 to $51.00 in a research note on Wednesday, November 19th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Bullish in a research note on Monday. Five investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $54.67.

Bullish Stock Down 3.2%

Bullish stock opened at $39.24 on Wednesday. Bullish has a 52 week low of $34.24 and a 52 week high of $118.00. The business’s 50 day moving average price is $44.71. The company has a market cap of $5.74 billion and a PE ratio of 1,962.00. The company has a debt-to-equity ratio of 0.13, a quick ratio of 36.58 and a current ratio of 38.78.

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.