Westpark Capital Reaffirms Buy Rating for Bridgeline Digital (NASDAQ:BLIN)

Bridgeline Digital (NASDAQ:BLIN)‘s stock had its “buy” rating reissued by stock analysts at Westpark Capital in a research report issued on Friday,Benzinga reports. They currently have a $4.62 target price on the software maker’s stock. Westpark Capital’s price target would suggest a potential upside of 180.00% from the stock’s current price.

Separately, StockNews.com initiated coverage on Bridgeline Digital in a report on Thursday. They set a “buy” rating on the stock.

Bridgeline Digital Price Performance

NASDAQ:BLIN opened at $1.65 on Friday. Bridgeline Digital has a 52 week low of $0.76 and a 52 week high of $2.80. The firm has a market cap of $17.23 million, a price-to-earnings ratio of -8.68 and a beta of 1.18. The firm’s 50-day simple moving average is $1.63 and its 200 day simple moving average is $1.54. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.62 and a current ratio of 0.62.

Bridgeline Digital (NASDAQ:BLIN) last released its quarterly earnings results on Thursday, May 15th. The software maker reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.06). The business had revenue of $3.88 million for the quarter, compared to the consensus estimate of $3.93 million. Bridgeline Digital had a negative return on equity of 15.38% and a negative net margin of 12.82%. As a group, sell-side analysts predict that Bridgeline Digital will post -0.15 earnings per share for the current year.

Institutional Trading of Bridgeline Digital

Several large investors have recently modified their holdings of BLIN. XTX Topco Ltd acquired a new stake in shares of Bridgeline Digital during the 1st quarter worth $26,000. Jane Street Group LLC acquired a new stake in Bridgeline Digital in the fourth quarter valued at about $31,000. Geode Capital Management LLC boosted its stake 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 buying an additional 22,806 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Bridgeline Digital by 27.7% in the fourth 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. acquired a new stake in Bridgeline Digital in the first quarter valued at about $1,949,000. 15.08% of the stock is owned by institutional investors and hedge funds.

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.