Bridgeline Digital, Inc. (NASDAQ:BLIN) Director Joni Kahn Acquires 6,579 Shares

Bridgeline Digital, Inc. (NASDAQ:BLIN) Director Joni Kahn acquired 6,579 shares of the firm’s stock in a transaction on Wednesday, March 26th. The shares were bought at an average cost of $1.52 per share, for a total transaction of $10,000.08. Following the completion of the acquisition, the director now directly owns 6,579 shares of the company’s stock, valued at approximately $10,000.08. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Bridgeline Digital Price Performance

NASDAQ:BLIN traded up $0.01 on Friday, reaching $1.47. The stock had a trading volume of 62,301 shares, compared to its average volume of 82,944. The company has a market capitalization of $15.35 million, a P/E ratio of -7.74 and a beta of 1.85. The stock has a fifty day moving average price of $1.63 and a 200-day moving average price of $1.40. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.02. Bridgeline Digital, Inc. has a 1-year low of $0.76 and a 1-year high of $2.80.

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

Institutional Trading of Bridgeline Digital

A number of hedge funds and other institutional investors have recently made changes to their positions in BLIN. Geode Capital Management LLC lifted its position in Bridgeline Digital by 33.8% during the 4th quarter. Geode Capital Management LLC now owns 90,340 shares of the software maker’s stock worth $143,000 after buying an additional 22,806 shares in the last quarter. 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 worth $207,000 after acquiring an additional 28,375 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in shares of Bridgeline Digital during the fourth quarter worth approximately $31,000. 15.08% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

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.