Bridgeline Digital (NASDAQ:BLIN) Shares Cross Above 200-Day Moving Average – Here’s What Happened

Bridgeline Digital, Inc. (NASDAQ:BLIN) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $0.96 and traded as high as $1.22. Bridgeline Digital shares last traded at $1.17, with a volume of 40,527 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Bridgeline Digital in a research report on Monday, July 13th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Bridgeline Digital presently has a consensus rating of “Hold” and an average price target of $4.62.

Bridgeline Digital Price Performance

The stock has a market cap of $14.74 million, a PE ratio of -7.80 and a beta of 1.00. The business has a fifty day simple moving average of $1.13 and a two-hundred day simple moving average of $0.96. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.01.

Bridgeline Digital (NASDAQ:BLIN) last released its earnings results on Thursday, May 14th. The software maker reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.03). Bridgeline Digital had a negative net margin of 10.75% and a negative return on equity of 17.46%. The firm had revenue of $3.92 million during the quarter, compared to analysts’ expectations of $4.55 million.

Hedge Funds Weigh In On Bridgeline Digital

Several institutional investors and hedge funds have recently added to or reduced their stakes in BLIN. Renaissance Technologies LLC boosted its holdings 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 buying an additional 12,600 shares in the last quarter. Lido Advisors LLC increased its stake in shares of Bridgeline Digital by 37.1% in the 1st quarter. Lido Advisors LLC now owns 78,973 shares of the software maker’s stock worth $63,000 after acquiring an additional 21,353 shares in the last quarter. DRW Securities LLC purchased a new position in Bridgeline Digital during the 4th quarter valued at about $45,000. Finally, Citadel Advisors LLC purchased a new position in Bridgeline Digital during the 3rd quarter valued at about $41,000. Hedge funds and other institutional investors 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.