Bridgeline Digital (NASDAQ:BLIN) Stock Passes Below Two Hundred Day Moving Average – Here’s What Happened

Bridgeline Digital, Inc. (NASDAQ:BLIN)’s share price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $1.27 and traded as low as $0.8053. Bridgeline Digital shares last traded at $0.8352, with a volume of 185,785 shares.

Analyst Ratings Changes

Several analysts have weighed in on the company. Westpark Capital reaffirmed a “buy” rating and issued a $4.62 price target on shares of Bridgeline Digital in a report on Friday, December 19th. Zacks Research raised shares of Bridgeline Digital from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 19th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Bridgeline Digital in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $4.62.

Bridgeline Digital Trading Down 0.6%

The stock has a fifty day moving average of $1.04 and a two-hundred day moving average of $1.27. The company has a market capitalization of $10.21 million, a PE ratio of -3.21 and a beta of 0.76. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.02.

Bridgeline Digital (NASDAQ:BLIN) last issued its earnings results on Thursday, December 18th. The software maker reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.03. Bridgeline Digital had a negative return on equity of 25.40% and a negative net margin of 16.37%.The business had revenue of $3.87 million during the quarter, compared to analyst estimates of $3.95 million. As a group, sell-side analysts anticipate that Bridgeline Digital, Inc. will post -0.15 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Bridgeline Digital

A hedge fund recently bought a new stake in Bridgeline Digital stock. Citadel Advisors LLC purchased a new position in Bridgeline Digital, Inc. (NASDAQ:BLIN) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 31,069 shares of the software maker’s stock, valued at approximately $41,000. Citadel Advisors LLC owned about 0.26% of Bridgeline Digital as of its most recent SEC filing. 15.08% of the stock is owned by hedge funds and other institutional investors.

Bridgeline Digital Company Profile

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.