Bridgeline Digital, Inc. (NASDAQ:BLIN – Get Free Report)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.85 and traded as high as $1.18. Bridgeline Digital shares last traded at $1.17, with a volume of 80,414 shares changing hands.
Analyst Upgrades and Downgrades
Separately, StockNews.com started coverage on shares of Bridgeline Digital in a research note on Thursday. They issued a “hold” rating for the company.
Check Out Our Latest Stock Analysis on BLIN
Bridgeline Digital Trading Up 9.3 %
Bridgeline Digital (NASDAQ:BLIN – Get Free Report) last announced its quarterly earnings data on Wednesday, February 14th. The software maker reported ($0.06) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.06). Bridgeline Digital had a negative net margin of 64.13% and a negative return on equity of 64.91%. The company had revenue of $3.76 million during the quarter, compared to analysts’ expectations of $3.78 million. On average, research analysts forecast that Bridgeline Digital, Inc. will post -0.2 EPS for the current year.
Institutional Investors Weigh In On Bridgeline Digital
An institutional investor recently raised its position in Bridgeline Digital stock. Renaissance Technologies LLC lifted its position in Bridgeline Digital, Inc. (NASDAQ:BLIN – Free Report) by 28.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 326,200 shares of the software maker’s stock after purchasing an additional 72,341 shares during the quarter. Renaissance Technologies LLC owned 3.23% of Bridgeline Digital worth $623,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 15.08% of the company’s stock.
Bridgeline Digital Company Profile
Bridgeline Digital, Inc operates as a marketing technology company in the United States, Canada, and internationally. The company offers HawkSearch, a site search, recommendation, and personalization application for marketers, merchandisers, and developers; Celebros Search, a commerce-oriented site search product that provides natural language processing with artificial intelligence; and Woorank, a Search Engine Optimization (SEO) audit tool that generates an instant performance audit of the site's technical, on-page, and off-page SEO.
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