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

Bridgeline Digital, Inc. (NASDAQ:BLIN) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.06 and traded as low as $0.87. Bridgeline Digital shares last traded at $0.8752, with a volume of 42,594 shares changing hands.

Analyst Ratings Changes

Several brokerages have recently commented on BLIN. Westpark Capital reaffirmed a “buy” rating and set a $4.62 price objective on shares of Bridgeline Digital in a research report on Friday, December 19th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Bridgeline Digital in a research report on Wednesday, January 21st. Finally, Zacks Research raised shares of Bridgeline Digital from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 19th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $4.62.

Bridgeline Digital Price Performance

The stock has a market capitalization of $11.03 million, a P/E ratio of -4.17 and a beta of 0.82. The business has a fifty day simple moving average of $0.84 and a 200 day simple moving average of $1.06. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.02.

Bridgeline Digital (NASDAQ:BLIN) last posted its earnings results on Thursday, February 12th. The software maker reported ($0.01) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.01). The company had revenue of $3.91 million for the quarter, compared to analyst estimates of $4.30 million. Bridgeline Digital had a negative return on equity of 19.87% and a negative net margin of 12.71%. On average, analysts expect that Bridgeline Digital, Inc. will post -0.15 earnings per share for the current year.

Hedge Funds Weigh In On Bridgeline Digital

A number of hedge funds have recently bought and sold shares of BLIN. Citadel Advisors LLC purchased a new stake in shares of Bridgeline Digital in the third quarter valued at about $41,000. Lido Advisors LLC bought a new position in shares of Bridgeline Digital during the fourth quarter valued at about $48,000. Finally, DRW Securities LLC purchased a new position in Bridgeline Digital during the fourth quarter worth about $45,000. 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.