Monashee Investment Management LLC Makes New $3.18 Million Investment in Bullish $BLSH

Monashee Investment Management LLC bought a new position in Bullish (NYSE:BLSH) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 50,000 shares of the company’s stock, valued at approximately $3,180,000. Bullish comprises 1.6% of Monashee Investment Management LLC’s portfolio, making the stock its 26th biggest holding.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Tradewinds Capital Management LLC bought a new position in Bullish in the 3rd quarter valued at approximately $25,000. Ameritas Advisory Services LLC acquired a new position in shares of Bullish during the third quarter worth $29,000. CWM LLC bought a new position in shares of Bullish in the 3rd quarter valued at $31,000. Tsfg LLC acquired a new stake in shares of Bullish during the 3rd quarter valued at $45,000. Finally, Albion Financial Group UT bought a new stake in Bullish during the 3rd quarter worth $64,000.

Trending Headlines about Bullish

Here are the key news stories impacting Bullish this week:

• Positive Sentiment: Technical note: FXEmpire highlights a possible breakout that “could end” BLSH’s downtrend, suggesting a technical reversal is feasible if buyers step in at current levels. Bullish (BLSH) Price Forecast: Breakout Could End Downtrend
• Positive Sentiment: Options activity: TipRanks flagged a “Bullish options trade” tied to BLSH as traders position around AI-related market moves (Micron/AI theme cited), indicating speculative upside bets that can amplify intraday rallies if momentum returns. Bullish Options Trade in Play as Micron (MU) Secures AI Driving Seat
• Neutral Sentiment: Sector/market backdrop: Goldman Sachs reiterated a bullish view on Nvidia and sees further AI-driven upside across the sector — a positive macro tailwind for tech risk appetite but not specific to BLSH fundamentals. Goldman Sachs Stays Bullish On Nvidia Stock, Sees Nearly 30% Upside (UPDATED)
• Neutral Sentiment: Analyst chatter: Multiple Benzinga pieces this week show rotation and new initiations across other large names (Salesforce, Jazz Pharmaceuticals, Brown & Brown, etc.), which can shift intraday flows but are not direct drivers of BLSH’s fundamentals. Salesforce: Agentforce To Drive Positive Estimate Revisions, Says Bullish Analyst
• Negative Sentiment: Earnings and fundamentals: Bullish’s Feb. 5 quarter showed a large EPS miss (reported -$3.73 vs. $0.16 expected) despite 67.6% revenue growth — investors are penalizing execution/profitability concerns. (Company metrics: very high current/quick ratios, modest debt, rich trailing P/E of ~314x.)
• Negative Sentiment: Price action and technicals: The stock is trading below its 50‑day and 200‑day moving averages with below‑average volume today (935,929 vs. ~2.22M avg), which increases downside risk until buyers reappear.

Wall Street Analyst Weigh In

A number of analysts have recently commented on BLSH shares. Sanford C. Bernstein reissued a “market perform” rating and set a $50.00 price target on shares of Bullish in a research note on Tuesday, January 6th. Wall Street Zen upgraded shares of Bullish from a “sell” rating to a “hold” rating in a report on Monday, February 23rd. Rosenblatt Securities reduced their target price on shares of Bullish from $52.00 to $39.00 and set a “buy” rating on the stock in a report on Friday, February 6th. Canaccord Genuity Group dropped 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. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Bullish from a “hold” rating to a “buy” rating and cut their price target for the stock from $52.00 to $51.00 in a report on Wednesday, November 19th. Five research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $52.08.

Bullish Stock Performance

NYSE:BLSH opened at $31.44 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 27.69 and a current ratio of 29.28. Bullish has a fifty-two week low of $24.79 and a fifty-two week high of $118.00. The company has a 50 day simple moving average of $35.47 and a two-hundred day simple moving average of $47.31. The company has a market capitalization of $4.60 billion and a PE ratio of 314.42.

Bullish (NYSE:BLSH) last posted its quarterly earnings data on Thursday, February 5th. The company reported ($3.73) EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($3.89). Bullish had a negative net margin of 0.95% and a negative return on equity of 10.58%. The firm had revenue of $92.50 million during the quarter. During the same quarter in the prior year, the company posted $1.37 earnings per share. The business’s revenue was up 67.6% on a year-over-year basis.

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.