Bridgeline Digital (NASDAQ:BLIN) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

Bridgeline Digital, Inc. (NASDAQ:BLIN) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.46 and traded as high as $1.59. Bridgeline Digital shares last traded at $1.52, with a volume of 32,203 shares.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on BLIN shares. Westpark Capital upgraded Bridgeline Digital from a “hold” rating to a “buy” rating and set a $4.62 price target for the company in a research note on Friday, February 14th. StockNews.com upgraded Bridgeline Digital from a “hold” rating to a “buy” rating in a research report on Wednesday, February 19th.

Bridgeline Digital Trading Up 0.7 %

The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.02. The firm’s 50-day moving average is $1.51 and its 200 day moving average is $1.46. The firm has a market capitalization of $15.87 million, a price-to-earnings ratio of -8.00 and a beta of 1.56.

Bridgeline Digital (NASDAQ:BLIN) last issued its quarterly earnings data on Thursday, February 13th. The software maker reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.01). Bridgeline Digital had a negative return on equity of 15.38% and a negative net margin of 12.82%. On average, equities analysts predict that Bridgeline Digital, Inc. will post -0.15 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Bridgeline Digital

A number of hedge funds have recently made changes to their positions in BLIN. Geode Capital Management LLC boosted its holdings in Bridgeline Digital by 33.8% in the fourth quarter. Geode Capital Management LLC now owns 90,340 shares of the software maker’s stock valued at $143,000 after acquiring an additional 22,806 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Bridgeline Digital by 27.7% in the 4th quarter. Renaissance Technologies LLC now owns 130,904 shares of the software maker’s stock valued at $207,000 after purchasing an additional 28,375 shares during the last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of Bridgeline Digital during the fourth quarter worth $31,000. 15.08% of the stock is currently owned by institutional investors.

Bridgeline Digital Company Profile

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.