Bridgeline Digital (NASDAQ:BLIN) Share Price Crosses Above 200-Day Moving Average – Here’s Why

Bridgeline Digital, Inc. (NASDAQ:BLIN)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $0.94 and traded as high as $1.22. Bridgeline Digital shares last traded at $1.22, with a volume of 67,678 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Bridgeline Digital in a research report on Monday. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $4.62.

Bridgeline Digital Stock Performance

The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.67 and a current ratio of 0.67. The stock’s 50-day simple moving average is $1.10 and its two-hundred day simple moving average is $0.94. The stock has a market cap of $15.37 million, a price-to-earnings ratio of -8.13 and a beta of 1.00.

Bridgeline Digital (NASDAQ:BLIN) last announced its quarterly earnings data on Thursday, May 14th. The software maker reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.03). Bridgeline Digital had a negative return on equity of 17.46% and a negative net margin of 10.75%.The company had revenue of $3.92 million during the quarter, compared to analyst estimates of $4.55 million.

Hedge Funds Weigh In On Bridgeline Digital

Hedge funds have recently made changes to their positions in the business. Renaissance Technologies LLC boosted its position in shares of Bridgeline Digital by 8.6% during the 1st quarter. Renaissance Technologies LLC now owns 158,729 shares of the software maker’s stock valued at $127,000 after acquiring an additional 12,600 shares in the last quarter. Lido Advisors LLC raised its position in Bridgeline Digital by 37.1% in the first quarter. Lido Advisors LLC now owns 78,973 shares of the software maker’s stock worth $63,000 after purchasing an additional 21,353 shares in the last quarter. DRW Securities LLC acquired a new position in Bridgeline Digital in the fourth quarter worth about $45,000. Finally, Citadel Advisors LLC bought a new position in Bridgeline Digital during the third quarter worth about $41,000. Institutional investors and hedge funds own 15.08% of the company’s stock.

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.