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

Shares of Bridgeline Digital, Inc. (NASDAQ:BLIN) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.04 and traded as low as $0.85. Bridgeline Digital shares last traded at $0.86, with a volume of 21,166 shares.

Analyst Upgrades and Downgrades

BLIN has been the subject of several research analyst reports. Westpark Capital reiterated a “buy” rating and issued a $4.62 price target on shares of Bridgeline Digital in a report on Friday, December 19th. Weiss Ratings restated a “sell (d-)” rating on shares of Bridgeline Digital in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Bridgeline Digital has a consensus rating of “Hold” and a consensus target price of $4.62.

Bridgeline Digital Trading Up 1.1%

The firm has a market cap of $10.84 million, a P/E ratio of -4.10 and a beta of 0.82. The business’s 50-day moving average is $0.84 and its two-hundred day moving average is $1.04. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.71 and a quick ratio of 0.71.

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

Institutional Investors Weigh In On Bridgeline Digital

A number of institutional investors and hedge funds have recently made changes to their positions in BLIN. Citadel Advisors LLC acquired a new stake in shares of Bridgeline Digital in the 3rd quarter valued at approximately $41,000. DRW Securities LLC acquired a new position in Bridgeline Digital during the fourth quarter worth $45,000. Finally, Lido Advisors LLC bought a new stake in Bridgeline Digital during the fourth quarter worth $48,000. Institutional investors own 15.08% of the company’s stock.

About Bridgeline Digital

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.