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

Shares of Bridgeline Digital, Inc. (NASDAQ:BLIN) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $1.35 and traded as high as $1.46. Bridgeline Digital shares last traded at $1.43, with a volume of 130,737 shares changing hands.

Wall Street Analyst Weigh In

Several research firms have recently commented on BLIN. Westpark Capital raised shares of Bridgeline Digital from a “hold” rating to a “buy” rating and set a $4.62 price target on the stock in a research report on Friday, February 14th. StockNews.com raised shares of Bridgeline Digital from a “hold” rating to a “buy” rating in a research report on Wednesday, February 19th.

Bridgeline Digital Trading Up 2.9 %

The company has a market cap of $14.93 million, a PE ratio of -7.53 and a beta of 1.85. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.02. The business has a 50-day simple moving average of $1.73 and a 200-day simple moving average of $1.35.

Bridgeline Digital (NASDAQ:BLIN) last announced its earnings results on Thursday, February 13th. The software maker reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). Bridgeline Digital had a negative net margin of 12.82% and a negative return on equity of 15.38%. On average, analysts predict that Bridgeline Digital, Inc. will post -0.15 EPS for the current fiscal year.

Institutional Trading of Bridgeline Digital

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC acquired a new stake in shares of Bridgeline Digital in the fourth quarter valued at $31,000. Renaissance Technologies LLC raised its stake in shares of Bridgeline Digital by 27.7% in the fourth quarter. Renaissance Technologies LLC now owns 130,904 shares of the software maker’s stock valued at $207,000 after acquiring an additional 28,375 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Bridgeline Digital by 33.8% in the fourth quarter. Geode Capital Management LLC now owns 90,340 shares of the software maker’s stock valued at $143,000 after acquiring an additional 22,806 shares in the last quarter. Hedge funds and other institutional investors own 15.08% of the company’s stock.

About Bridgeline Digital

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.