Bullish (NYSE:BLSH) Price Target Lowered to $25.00 at JPMorgan Chase & Co.

Bullish (NYSE:BLSH) had its price objective cut by JPMorgan Chase & Co. from $26.00 to $25.00 in a report released on Friday,Benzinga reports. They currently have a neutral rating on the stock.

Several other brokerages also 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. Weiss Ratings reissued a “sell (d)” rating on shares of Bullish in a research report on Wednesday, June 24th. Wall Street Zen upgraded Bullish from a “sell” rating to a “hold” rating in a research note on Monday, August 3rd. Rosenblatt Securities lowered their target price on Bullish from $42.50 to $30.00 and set a “neutral” rating on the stock in a report on Friday. Finally, Citigroup reaffirmed a “buy” rating on shares of Bullish in a research report on Monday, July 27th. Four equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Bullish presently has a consensus rating of “Hold” and a consensus target price of $49.33.

Bullish Price Performance

NYSE BLSH opened at $24.36 on Friday. Bullish has a 1 year low of $20.55 and a 1 year high of $75.49. The company has a fifty day simple moving average of $24.48 and a 200 day simple moving average of $31.86. The company has a current ratio of 26.42, a quick ratio of 25.23 and a debt-to-equity ratio of 0.18. The company has a market cap of $3.67 billion and a P/E ratio of -2.63.

Bullish (NYSE:BLSH) last announced its earnings results on Thursday, August 13th. The company reported $0.09 EPS for the quarter, hitting the consensus estimate of $0.09. The firm had revenue of $92.62 million for the quarter. Bullish had a negative net margin of 389.38% and a positive return on equity of 2.32%. The company’s revenue was up 62.5% on a year-over-year basis. On average, sell-side analysts predict that Bullish will post 0.51 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in BLSH. ARK Investment Management LLC raised its position in shares of Bullish by 87.1% during the fourth quarter. ARK Investment Management LLC now owns 4,821,700 shares of the company’s stock valued at $182,598,000 after buying an additional 2,244,991 shares during the last quarter. Amova Asset Management Americas Inc. grew its position in Bullish by 51.9% during the first quarter. Amova Asset Management Americas Inc. now owns 3,836,063 shares of the company’s stock worth $137,139,000 after buying an additional 1,311,243 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its stake in Bullish by 51.6% during the first 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 during the period. Invesco Ltd. acquired a new position in Bullish in the 3rd quarter valued at approximately $74,658,000. Finally, UBS Group AG raised its holdings in Bullish by 486.1% in the 4th quarter. UBS Group AG now owns 1,309,248 shares of the company’s stock valued at $49,581,000 after acquiring an additional 1,085,846 shares in the last quarter.

Key Bullish News

Here are the key news stories impacting Bullish this week:

• Positive Sentiment: Bullish reported second-quarter revenue of $92.6 million, up 62.5% year over year, while adjusted EBITDA more than tripled to $29.5 million. Record subscription and services revenue of $62.7 million helped offset softer cryptocurrency trading activity. Bullish shares jump 10% as Q2 adjusted EBITDA more than triples
• Positive Sentiment: The company is positioning tokenized equities as a major growth opportunity. Bullish completed the first trades of tokenized shares on a GFSC-regulated digital-asset exchange, offering 24/7 trading and near-instant settlement. The initiative could expand Bullish’s exchange and infrastructure business, although the Equiniti acquisition remains subject to regulatory approval. Peter Thiel-Backed Bullish Sees Tokenized Stocks as a Giant Growth Opportunity
• Neutral Sentiment: Quarterly EPS of $0.09 matched consensus, while the company’s reported revenue also exceeded some estimates. However, analysts expect full-year EPS of approximately $0.52, and profitability remains difficult to assess because reported results were heavily affected by digital-asset valuation changes. Bullish Q2 Earnings and Revenues Top Estimates
• Negative Sentiment: Bullish posted a roughly $280 million net loss, primarily tied to a write-down in the value of its Bitcoin holdings. Quarterly trading volume also declined to $179.6 billion from $197.4 billion a year earlier, raising concerns about the sustainability of exchange-driven revenue. Bullish Stock Gains Despite $280 Million Loss
• Negative Sentiment: JPMorgan cut its Bullish price target from $26 to $25 and maintained a neutral rating. Rosenblatt also lowered its target from $42.50 to $30 and moved to neutral, citing mixed second-quarter results and a weak start to the third quarter. These revisions likely intensified selling pressure and reduced expectations for near-term upside. Bullish Is Pulling Away From Crypto Peers, but a Brutal July Spoils the Party

About Bullish

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.