Bridgeline Digital (NASDAQ:BLIN) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Bridgeline Digital (NASDAQ:BLIN) in a research note released on Thursday morning. The firm issued a buy rating on the software maker’s stock.

Separately, Westpark Capital raised shares of Bridgeline Digital from a “hold” rating to a “buy” rating and set a $4.62 target price for the company in a report on Friday, February 14th.

Bridgeline Digital Trading Down 5.0%

NASDAQ:BLIN opened at $1.81 on Thursday. Bridgeline Digital has a one year low of $0.76 and a one year high of $2.80. The business has a fifty day moving average price of $1.63 and a 200-day moving average price of $1.54. The firm has a market capitalization of $18.90 million, a price-to-earnings ratio of -9.53 and a beta of 1.18. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.62 and a quick ratio of 0.62.

Bridgeline Digital (NASDAQ:BLIN) last released its quarterly earnings results on Thursday, February 13th. The software maker reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate 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%. Sell-side analysts forecast that Bridgeline Digital will post -0.15 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC lifted its position 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. Renaissance Technologies LLC lifted its holdings in Bridgeline Digital by 27.7% in the 4th quarter. Renaissance Technologies LLC now owns 130,904 shares of the software maker’s stock worth $207,000 after purchasing an additional 28,375 shares in the last quarter. XTX Topco Ltd bought a new position in Bridgeline Digital in the 1st quarter worth approximately $26,000. Bard Associates Inc. purchased a new stake in Bridgeline Digital during the 1st quarter valued at approximately $1,949,000. Finally, Jane Street Group LLC bought a new stake in shares of Bridgeline Digital during the fourth quarter valued at approximately $31,000. Institutional investors 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.