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

Shares of Bridgeline Digital, Inc. (NASDAQ:BLIN) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.01 and traded as low as $0.8205. Bridgeline Digital shares last traded at $0.8567, with a volume of 50,984 shares traded.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on BLIN. Westpark Capital restated 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 restated a “sell (d-)” rating on shares of Bridgeline Digital in a research report on Wednesday, January 21st. One equities research 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’s stock. According to data from MarketBeat.com, Bridgeline Digital has an average rating of “Hold” and an average target price of $4.62.

Bridgeline Digital Price Performance

The company’s fifty day moving average price is $0.84 and its 200 day moving average price is $1.01. The company has a market capitalization of $10.79 million, a P/E ratio of -4.08 and a beta of 0.87. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.02.

Bridgeline Digital (NASDAQ:BLIN) last announced its earnings results on Thursday, February 12th. The software maker reported ($0.01) EPS for the quarter, hitting the consensus estimate of ($0.01). Bridgeline Digital had a negative net margin of 12.71% and a negative return on equity of 19.87%. The company had revenue of $3.91 million for the quarter, compared to analysts’ expectations of $4.30 million. As a group, sell-side analysts forecast that Bridgeline Digital, Inc. will post -0.15 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in BLIN. Citadel Advisors LLC bought a new position in shares of Bridgeline Digital during the third quarter worth approximately $41,000. DRW Securities LLC bought a new position in shares of Bridgeline Digital during the fourth quarter worth approximately $45,000. Finally, Lido Advisors LLC bought a new position in shares of Bridgeline Digital during the fourth quarter worth approximately $48,000. 15.08% of the stock is owned by 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.