Bridgeline Digital (NASDAQ:BLIN) Now Covered by StockNews.com

StockNews.com started coverage on shares of Bridgeline Digital (NASDAQ:BLINGet Rating) in a research note issued on Thursday. The brokerage set a “hold” rating on the software maker’s stock.

Separately, Zacks Investment Research lowered Bridgeline Digital from a “buy” rating to a “hold” rating in a research note on Tuesday, March 15th.

BLIN opened at $1.53 on Thursday. The stock has a 50-day moving average price of $1.82 and a 200-day moving average price of $2.38. Bridgeline Digital has a 12-month low of $1.53 and a 12-month high of $14.38. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $15.47 million, a P/E ratio of -1.44 and a beta of 2.85.

Bridgeline Digital (NASDAQ:BLINGet Rating) last posted its quarterly earnings data on Thursday, February 10th. The software maker reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.13. Bridgeline Digital had a negative return on equity of 28.74% and a negative net margin of 24.84%. The firm had revenue of $4.29 million during the quarter, compared to analysts’ expectations of $4.36 million. During the same period in the prior year, the business earned ($0.26) EPS. On average, equities research analysts predict that Bridgeline Digital will post -0.01 EPS for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BLIN. Squarepoint Ops LLC bought a new position in Bridgeline Digital during the 4th quarter valued at approximately $29,000. Schonfeld Strategic Advisors LLC bought a new position in Bridgeline Digital during the 3rd quarter valued at approximately $93,000. Virtu Financial LLC bought a new position in Bridgeline Digital during the 4th quarter valued at approximately $161,000. Geode Capital Management LLC raised its position in Bridgeline Digital by 92.6% during the 3rd quarter. Geode Capital Management LLC now owns 46,390 shares of the software maker’s stock valued at $190,000 after purchasing an additional 22,306 shares during the last quarter. Finally, Renaissance Technologies LLC grew its holdings in shares of Bridgeline Digital by 57.3% during the 4th quarter. Renaissance Technologies LLC now owns 253,859 shares of the software maker’s stock worth $574,000 after acquiring an additional 92,427 shares during the period. 28.26% of the stock is owned by institutional investors and hedge funds.

Bridgeline Digital Company Profile (Get Rating)

Bridgeline Digital, Inc operates as a digital engagement company in the United States. The company's Bridgeline's Unbound platform enables companies and developers to create websites, web applications, and online stores. It offers Bridgeline Unbound Experience Manager, a marketing automation engine and content management system; Bridgeline Unbound Content Manager that enables non-technical users to create, edit, and publish content via a browser-based interface; and Bridgeline Unbound Commerce, an online B2B and B2C commerce solution that allows users to manage domestic and international commerce initiatives.

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