Beeline (NASDAQ:BLNE) CFO Christopher Moe Purchases 20,000 Shares of Stock

Beeline Holdings, Inc. (NASDAQ:BLNE) CFO Christopher Moe purchased 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 19th. The shares were purchased at an average cost of $1.68 per share, with a total value of $33,600.00. Following the completion of the acquisition, the chief financial officer directly owned 40,000 shares in the company, valued at $67,200. The trade was a 100.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Beeline Trading Up 14.6%

NASDAQ BLNE traded up $0.22 during trading hours on Thursday, reaching $1.73. 772,418 shares of the company’s stock were exchanged, compared to its average volume of 1,643,748. The firm has a fifty day moving average of $3.06 and a 200-day moving average of $2.02. Beeline Holdings, Inc. has a one year low of $0.62 and a one year high of $10.50. The stock has a market cap of $48.01 million, a PE ratio of -0.26 and a beta of 1.61.

Institutional Investors Weigh In On Beeline

Several hedge funds and other institutional investors have recently made changes to their positions in BLNE. EMG Holdings L.P. acquired a new stake in shares of Beeline during the 1st quarter worth approximately $360,000. Waddell & Associates LLC grew its holdings in Beeline by 100.0% during the 3rd quarter. Waddell & Associates LLC now owns 20,000 shares of the company’s stock worth $79,000 after acquiring an additional 10,000 shares during the period. Relyea Zuckerberg Hanson LLC acquired a new stake in Beeline during the 3rd quarter worth $55,000. Corsair Capital Management L.P. bought a new stake in shares of Beeline during the 2nd quarter valued at $30,000. Finally, Worth Venture Partners LLC acquired a new position in shares of Beeline in the 2nd quarter valued at $71,000. 0.58% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Beeline in a research note on Thursday, November 13th. One analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

About Beeline

Eastside Distilling, Inc manufactures, acquires, blends, bottles, imports, exports, markets, and sells various alcoholic beverages. It operates through two segments, Spirits and Craft Canning and Bottling. The company provides whiskey under the Burnside Whiskey brand; vodka under the Portland Potato Vodka brand; rum under the Hue-Hue Coffee Rum brand; and tequila under the Azuñia Tequila brand.