Beeline (NASDAQ:BLNE) Releases Quarterly Earnings Results

Beeline (NASDAQ:BLNE) released its earnings results on Tuesday. The company reported ($0.14) EPS for the quarter, FiscalAI reports. The firm had revenue of $2.36 million for the quarter. Beeline had a negative return on equity of 35.87% and a negative net margin of 242.70%.

Beeline Price Performance

BLNE stock traded up $0.24 during midday trading on Tuesday, hitting $2.35. 1,220,635 shares of the stock traded hands, compared to its average volume of 623,216. The firm has a market cap of $68.01 million, a P/E ratio of -0.35 and a beta of 1.61. The stock’s fifty day simple moving average is $2.89 and its 200-day simple moving average is $2.69. Beeline has a 1-year low of $0.62 and a 1-year high of $4.65.

Institutional Investors Weigh In On Beeline

Hedge funds have recently modified their holdings of the company. Waddell & Associates LLC raised its position in shares of 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 purchasing an additional 10,000 shares during the last quarter. Centiva Capital LP purchased a new position in Beeline in the 3rd quarter valued at $46,000. Relyea Zuckerberg Hanson LLC acquired a new stake in Beeline during the 3rd quarter worth $55,000. LPL Financial LLC acquired a new stake in Beeline during the 4th quarter worth $29,000. Finally, Virtu Financial LLC purchased a new stake in shares of Beeline during the fourth quarter worth $30,000. 0.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BLNE has been the subject of a number of recent research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Beeline in a research report on Friday. LADENBURG THALM/SH SH raised shares of Beeline to a “strong-buy” rating in a report on Thursday, December 18th. Finally, Wall Street Zen raised shares of Beeline from a “sell” rating to a “hold” rating in a report on Saturday, January 10th. One equities research 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

Beeline Holdings, Inc is a mortgage fintech company that provides a digital, AI-powered lending and title platform designed to streamline the home loan process. Headquartered in Providence, Rhode Island, Beeline aims to make mortgages simpler and faster by combining technology with an end-to-end approach across origination and title services. The company focuses on improving efficiency and transparency for homebuyers and homeowners, supporting broader access to financial flexibility through property ownership.