Bridgeline Digital, Inc. (NASDAQ:BLIN) Director Michael N. Taglich Acquires 20,603 Shares

Bridgeline Digital, Inc. (NASDAQ:BLIN) Director Michael N. Taglich bought 20,603 shares of the stock in a transaction dated Thursday, August 22nd. The stock was purchased at an average cost of $0.89 per share, for a total transaction of $18,336.67. Following the acquisition, the director now owns 82,831 shares of the company’s stock, valued at $73,719.59. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Bridgeline Digital Stock Performance

NASDAQ:BLIN opened at $1.00 on Wednesday. The firm’s fifty day simple moving average is $0.90 and its 200-day simple moving average is $1.06. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.03. The stock has a market cap of $10.42 million, a PE ratio of -1.04 and a beta of 1.92. Bridgeline Digital, Inc. has a fifty-two week low of $0.70 and a fifty-two week high of $1.42.

Bridgeline Digital (NASDAQ:BLIN) last issued its earnings results on Wednesday, August 14th. The software maker reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.02. Bridgeline Digital had a negative net margin of 62.72% and a negative return on equity of 84.86%. The company had revenue of $3.94 million for the quarter, compared to analyst estimates of $3.81 million. During the same period in the prior year, the business posted ($0.07) earnings per share. Analysts expect that Bridgeline Digital, Inc. will post -0.2 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. StockNews.com started coverage on Bridgeline Digital in a research report on Wednesday. They set a “hold” rating on the stock. Westpark Capital started coverage on Bridgeline Digital in a report on Tuesday, July 23rd. They set a “hold” rating on the stock.

About Bridgeline Digital

Bridgeline Digital, Inc operates as a marketing technology company in the United States, Canada, and internationally. The company offers HawkSearch, a site search, recommendation, and personalization application for marketers, merchandisers, and developers; Celebros Search, a commerce-oriented site search product that provides natural language processing with artificial intelligence; and Woorank, a Search Engine Optimization (SEO) audit tool that generates an instant performance audit of the site's technical, on-page, and off-page SEO.