StockNews.com Begins Coverage on Bridgeline Digital (NASDAQ:BLIN)

StockNews.com assumed coverage on shares of Bridgeline Digital (NASDAQ:BLIN – Get Rating) in a research report issued on Sunday. The firm set a “hold” rating on the software maker’s stock.

Separately, TheStreet downgraded Bridgeline Digital from a “c-” rating to a “d” rating in a research report on Wednesday, February 15th.

Bridgeline Digital Price Performance

Shares of Bridgeline Digital stock opened at $0.93 on Friday. The stock’s 50-day simple moving average is $0.93 and its 200-day simple moving average is $1.11. Bridgeline Digital has a 52 week low of $0.87 and a 52 week high of $1.68. The company has a market capitalization of $9.69 million, a price-to-earnings ratio of -13.28 and a beta of 2.25. The company has a quick ratio of 0.92, a current ratio of 0.86 and a debt-to-equity ratio of 0.03.

Insider Buying and Selling

In other news, CEO Roger E. Kahn bought 28,212 shares of the firm’s stock in a transaction that occurred on Friday, March 10th. The shares were bought at an average cost of $1.08 per share, for a total transaction of $30,468.96. Following the completion of the transaction, the chief executive officer now owns 757,228 shares of the company’s stock, valued at $817,806.24. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Roger E. Kahn acquired 60,659 shares of the firm’s stock in a transaction on Wednesday, March 8th. The shares were acquired at an average cost of $1.14 per share, for a total transaction of $69,151.26. Following the completion of the transaction, the chief executive officer now directly owns 728,111 shares in the company, valued at approximately $830,046.54. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Roger E. Kahn acquired 28,212 shares of the firm’s stock in a transaction on Friday, March 10th. The shares were bought at an average price of $1.08 per share, for a total transaction of $30,468.96. Following the completion of the transaction, the chief executive officer now owns 757,228 shares of the company’s stock, valued at $817,806.24. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 110,777 shares of company stock worth $122,580. Corporate insiders own 15.60% of the company’s stock.

Institutional Trading of Bridgeline Digital

An institutional investor recently bought a new position in Bridgeline Digital stock. Virtu Financial LLC bought a new position in shares of Bridgeline Digital, Inc. (NASDAQ:BLIN – Get Rating) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 31,556 shares of the software maker’s stock, valued at approximately $41,000. Virtu Financial LLC owned about 0.31% of Bridgeline Digital at the end of the most recent quarter. Hedge funds and other institutional investors own 19.40% of the company’s stock.

Bridgeline Digital Company Profile

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Bridgeline Digital, Inc is an information technology company. It engages in the development of web engagement management product platform and related digital solutions. The firm also enables its customers to maximize the performance of their mission critical websites, intranets, and online stores. Its platform provides Web Content Management, eCommerce, eMarketing, Social Media management, and Web Analytics.