Bridgeline Digital (NASDAQ:BLIN) Stock Price Passes Below 200-Day Moving Average – Here’s Why

Bridgeline Digital, Inc. (NASDAQ:BLIN) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.25 and traded as low as $0.84. Bridgeline Digital shares last traded at $0.8601, with a volume of 124,095 shares changing hands.

Analyst Ratings Changes

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

Bridgeline Digital Price Performance

The company has a market capitalization of $10.51 million, a PE ratio of -3.31 and a beta of 0.76. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.70 and a current ratio of 0.70. The stock has a 50 day moving average price of $0.98 and a two-hundred day moving average price of $1.25.

Bridgeline Digital (NASDAQ:BLIN) last released its quarterly earnings data on Thursday, December 18th. The software maker reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.03. The firm had revenue of $3.87 million for the quarter, compared to the consensus estimate of $3.95 million. Bridgeline Digital had a negative return on equity of 25.40% and a negative net margin of 16.37%. Equities analysts forecast that Bridgeline Digital, Inc. will post -0.15 earnings per share for the current year.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Bridgeline Digital stock. Citadel Advisors LLC acquired a new position in Bridgeline Digital, Inc. (NASDAQ:BLIN) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 31,069 shares of the software maker’s stock, valued at approximately $41,000. Citadel Advisors LLC owned approximately 0.26% of Bridgeline Digital at the end of the most recent quarter. 15.08% of the stock is currently owned by institutional investors and hedge funds.

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.