JPMorgan Chase & Co. Invests $9.86 Million in Bullish $BLSH

JPMorgan Chase & Co. purchased a new position in shares of Bullish (NYSE:BLSH) during the 3rd quarter, Holdings Channel.com reports. The firm purchased 155,066 shares of the company’s stock, valued at approximately $9,864,000.

A number of other hedge funds have also added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA acquired a new position in Bullish during the third quarter valued at approximately $92,824,000. Sumitomo Mitsui Trust Group Inc. acquired a new stake in shares of Bullish in the 3rd quarter valued at $91,782,000. Stephens Investment Management Group LLC bought a new position in shares of Bullish in the 3rd quarter valued at $27,080,000. Exchange Traded Concepts LLC acquired a new position in shares of Bullish during the 3rd quarter worth $10,423,000. Finally, Principal Financial Group Inc. acquired a new position in shares of Bullish during the 3rd quarter worth $7,034,000.

Analysts Set New Price Targets

Several research firms recently weighed in on BLSH. Wall Street Zen raised Bullish from a “sell” rating to a “hold” rating in a research note on Monday, February 23rd. Sanford C. Bernstein reissued a “market perform” rating and issued a $50.00 target price on shares of Bullish in a report on Tuesday, January 6th. Citigroup reduced their price target on shares of Bullish from $77.00 to $67.00 and set a “buy” rating on the stock in a research note on Monday, December 22nd. Rosenblatt Securities lowered their price objective on shares of Bullish from $52.00 to $39.00 and set a “buy” rating for the company in a research report on Friday, February 6th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Bullish in a research note on Monday, December 29th. Five analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Bullish has a consensus rating of “Hold” and a consensus price target of $52.08.

Key Stories Impacting Bullish

Here are the key news stories impacting Bullish this week:

• Positive Sentiment: Macro/sector tailwind — Clear Street’s analyst commentary that the 2026 crypto rotation “has legs” supports higher volumes and investor interest in crypto-focused infrastructure firms like Bullish, which could boost trading revenue and take rates as markets heat up. Crypto’s Great 2026 Rotation: Clear Street Analyst OWEN LAU Declares the Rally “Has Legs”
• Neutral Sentiment: Company disclosure — Bullish published its February 2026 monthly metrics (volumes, average spreads, and BTC/ETH volatility measures). These direct operational metrics give investors timely data to judge revenue drivers (trading volume and spreads), but the release itself didn’t include forward guidance in the summary, so the market reaction depends on detailed figures in the full packet. Bullish releases February 2026 monthly metrics
• Neutral Sentiment: Third‑party analysis — An independent write-up that includes Bullish alongside other firms provides extra visibility but doesn’t present a clear buy/sell thesis; it may attract investor attention but is unlikely to move the stock materially without new data. Analyzing Prestige Wealth (NASDAQ:AURE) & Bullish (NYSE:BLSH)

Bullish Stock Performance

Shares of BLSH stock opened at $35.06 on Friday. The firm has a market capitalization of $5.13 billion and a price-to-earnings ratio of 350.63. The company has a current ratio of 29.28, a quick ratio of 27.69 and a debt-to-equity ratio of 0.15. The business’s 50-day moving average price is $34.66 and its 200-day moving average price is $46.42. Bullish has a 12 month low of $24.79 and a 12 month high of $118.00.

Bullish (NYSE:BLSH) last released its quarterly earnings data on Thursday, February 5th. The company reported ($3.73) earnings per share (EPS) for the quarter, missing the consensus estimate 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 period in the prior year, the company earned $1.37 earnings per share. Bullish’s revenue for the quarter was up 67.6% compared to the same quarter last year.

Bullish Company 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.