Bridgeline Digital, Inc. (NASDAQ:BLIN – Get Rating) – Equities research analysts at Taglich Brothers lowered their Q3 2023 EPS estimates for Bridgeline Digital in a report released on Wednesday, May 18th. Taglich Brothers analyst H. Halpern now anticipates that the software maker will earn ($0.01) per share for the quarter, down from their previous forecast of $0.01. Taglich Brothers also issued estimates for Bridgeline Digital’s Q4 2023 earnings at ($0.01) EPS.
A number of other research firms also recently issued reports on BLIN. Zacks Investment Research downgraded shares of Bridgeline Digital from a “buy” rating to a “hold” rating in a report on Tuesday, March 15th. StockNews.com started coverage on shares of Bridgeline Digital in a report on Sunday. They set a “hold” rating for the company.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC raised its position in Bridgeline Digital by 28.5% in the 1st quarter. Renaissance Technologies LLC now owns 326,200 shares of the software maker’s stock worth $623,000 after purchasing an additional 72,341 shares during the period. Virtu Financial LLC purchased a new position in Bridgeline Digital in the 4th quarter worth $161,000. Geode Capital Management LLC raised its position in Bridgeline Digital by 92.6% in the 3rd quarter. Geode Capital Management LLC now owns 46,390 shares of the software maker’s stock worth $190,000 after purchasing an additional 22,306 shares during the period. Schonfeld Strategic Advisors LLC purchased a new position in Bridgeline Digital in the 3rd quarter worth $93,000. Finally, Squarepoint Ops LLC purchased a new position in Bridgeline Digital in the 4th quarter worth $29,000. 26.08% of the stock is owned by institutional investors.
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.
- Get a free copy of the StockNews.com research report on Bridgeline Digital (BLIN)
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