Bridgeline Digital (NASDAQ:BLIN) Upgraded by Westpark Capital to “Buy” Rating

Bridgeline Digital (NASDAQ:BLIN) was upgraded by investment analysts at Westpark Capital from a “hold” rating to a “buy” rating in a report released on Friday,Benzinga reports. The brokerage presently has a $4.62 price target on the software maker’s stock. Westpark Capital’s price objective would suggest a potential upside of 133.33% from the company’s previous close.

Separately, StockNews.com cut Bridgeline Digital from a “buy” rating to a “hold” rating in a report on Tuesday.

Bridgeline Digital Price Performance

Shares of Bridgeline Digital stock opened at $1.98 on Friday. The firm’s 50-day simple moving average is $1.67 and its 200-day simple moving average is $1.28. Bridgeline Digital has a twelve month low of $0.75 and a twelve month high of $2.80. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.02.

Bridgeline Digital (NASDAQ:BLIN) last issued its earnings results on Thursday, February 13th. The software maker reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.01). Bridgeline Digital had a negative net margin of 12.77% and a negative return on equity of 14.75%. Equities analysts forecast that Bridgeline Digital will post -0.15 EPS for the current fiscal year.

Institutional Trading of Bridgeline Digital

A hedge fund recently raised its stake in Bridgeline Digital stock. Renaissance Technologies LLC raised its position in Bridgeline Digital, Inc. (NASDAQ:BLIN) by 27.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 130,904 shares of the software maker’s stock after buying an additional 28,375 shares during the period. Renaissance Technologies LLC owned about 1.26% of Bridgeline Digital worth $207,000 as of its most recent filing with the SEC. 15.08% of the stock is currently owned by institutional investors and hedge funds.

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.