Bridgeline Digital (NASDAQ:BLIN) Coverage Initiated at initiated coverage on shares of Bridgeline Digital (NASDAQ:BLINGet Rating) in a report issued on Sunday. The brokerage set a “hold” rating on the software maker’s stock.

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

Shares of BLIN stock opened at $1.19 on Friday. Bridgeline Digital has a twelve month low of $1.07 and a twelve month high of $14.38. The firm has a 50-day moving average price of $1.65 and a 200 day moving average price of $2.09. The company has a current ratio of 0.94, a quick ratio of 1.33 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $12.16 million, a price-to-earnings ratio of -1.29 and a beta of 2.77.

A number of institutional investors and hedge funds have recently made changes to their positions in BLIN. Renaissance Technologies LLC increased its position in Bridgeline Digital by 28.5% in the first quarter. Renaissance Technologies LLC now owns 326,200 shares of the software maker’s stock worth $623,000 after buying an additional 72,341 shares during the period. Geode Capital Management LLC increased its holdings in shares of Bridgeline Digital by 92.6% during the third 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 period. Virtu Financial LLC acquired a new position in shares of Bridgeline Digital in the 4th quarter valued at $161,000. Squarepoint Ops LLC acquired a new position in shares of Bridgeline Digital in the 4th quarter valued at $29,000. Finally, Schonfeld Strategic Advisors LLC acquired a new position in shares of Bridgeline Digital in the 3rd quarter valued at $93,000. Hedge funds and other institutional investors own 26.08% of the company’s stock.

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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