Bridgeline Digital (NASDAQ:BLIN) Given Buy Rating at Westpark Capital

Westpark Capital reiterated their buy rating on shares of Bridgeline Digital (NASDAQ:BLIN) in a research note issued to investors on Friday,Benzinga reports. They currently have a $4.62 price objective on the software maker’s stock.

Other equities analysts have also recently issued reports about the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Bridgeline Digital in a report on Wednesday, October 8th. Zacks Research upgraded Bridgeline Digital from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 19th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Bridgeline Digital currently has an average rating of “Hold” and an average target price of $4.62.

Bridgeline Digital Price Performance

Shares of NASDAQ:BLIN opened at $0.96 on Friday. The company’s fifty day moving average price is $1.13 and its 200-day moving average price is $1.33. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.77 and a quick ratio of 0.77. The firm has a market capitalization of $11.57 million, a price-to-earnings ratio of -3.68 and a beta of 0.73. Bridgeline Digital has a one year low of $0.90 and a one year high of $2.80.

Bridgeline Digital (NASDAQ:BLIN) last posted its quarterly earnings data on Thursday, December 18th. The software maker reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.03. The company had revenue of $3.87 million during the quarter, compared to the consensus estimate of $3.95 million. Bridgeline Digital had a negative net margin of 16.37% and a negative return on equity of 25.11%. On average, equities research analysts anticipate that Bridgeline Digital will post -0.15 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Bridgeline Digital stock. Citadel Advisors LLC bought a new position in Bridgeline Digital, Inc. (NASDAQ:BLIN) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 31,069 shares of the software maker’s stock, valued at approximately $41,000. Citadel Advisors LLC owned 0.26% of Bridgeline Digital as of its most recent SEC filing. Institutional investors and hedge funds own 15.08% of the company’s stock.

About Bridgeline Digital

Bridgeline Digital, Inc is a software-as-a-service company that delivers digital experience management solutions to mid-market and enterprise organizations. The company’s core offering, the LX Platform, integrates content management, e-commerce, customer portals and digital marketing tools into a unified cloud-based environment. Bridgeline’s platform is designed to help businesses streamline the delivery of personalized content and commerce capabilities across web, mobile and other channels.

The LX Platform features modules for web content creation, online storefront management, customer self-service portals and marketing automation.