Bridgeline Digital (NASDAQ:BLIN) Now Covered by Analysts at StockNews.com

Analysts at StockNews.com began coverage on shares of Bridgeline Digital (NASDAQ:BLIN) in a research note issued to investors on Thursday. The firm set a “buy” rating on the software maker’s stock.

Separately, Westpark Capital upgraded Bridgeline Digital from a “hold” rating to a “buy” rating and set a $4.62 target price on the stock in a report on Friday, February 14th.

Bridgeline Digital Stock Performance

BLIN opened at $1.91 on Thursday. The firm has a fifty day moving average price of $1.62 and a 200 day moving average price of $1.53. The stock has a market cap of $19.90 million, a P/E ratio of -10.03 and a beta of 1.18. Bridgeline Digital has a 1 year low of $0.76 and a 1 year high of $2.80. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.62 and a quick ratio of 0.62.

Bridgeline Digital (NASDAQ:BLIN) last issued its quarterly earnings results on Thursday, February 13th. The software maker reported ($0.06) EPS 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%. Equities research analysts anticipate that Bridgeline Digital will post -0.15 earnings per share for the current year.

Institutional Investors Weigh In On Bridgeline Digital

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. XTX Topco Ltd purchased a new stake in Bridgeline Digital in the first quarter valued at approximately $26,000. Jane Street Group LLC acquired a new stake in Bridgeline Digital in the fourth quarter valued at $31,000. Geode Capital Management LLC lifted its stake in Bridgeline Digital by 33.8% during the fourth quarter. Geode Capital Management LLC now owns 90,340 shares of the software maker’s stock worth $143,000 after purchasing an additional 22,806 shares during the last quarter. Renaissance Technologies LLC boosted its holdings 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 buying an additional 28,375 shares in the last quarter. Finally, Bard Associates Inc. purchased a new position in shares of Bridgeline Digital during the first quarter worth about $1,949,000. Institutional investors and hedge funds own 15.08% of the company’s 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.