Beeline (NASDAQ:BLNE) Releases Earnings Results

Beeline (NASDAQ:BLNE) announced its quarterly earnings data on Thursday. The company reported $999.00 earnings per share for the quarter, Zacks reports. Beeline had a negative net margin of 298.16% and a negative return on equity of 42.97%.

Beeline Price Performance

Shares of BLNE remained flat at $1.75 during mid-day trading on Thursday. 450,998 shares of the stock traded hands, compared to its average volume of 740,653. Beeline has a one year low of $0.62 and a one year high of $4.65. The stock has a 50 day moving average of $2.31 and a 200-day moving average of $2.39.

Institutional Investors Weigh In On Beeline

Several hedge funds have recently bought and sold shares of the company. AWM Investment Company Inc. acquired a new position in Beeline in the 4th quarter valued at $3,225,000. NewEdge Advisors LLC increased its position in shares of Beeline by 2,932.2% in the third quarter. NewEdge Advisors LLC now owns 1,121,900 shares of the company’s stock worth $4,443,000 after purchasing an additional 1,084,900 shares during the period. Vanguard Group Inc. acquired a new position in Beeline in the third quarter valued at about $1,330,000. Geode Capital Management LLC increased its holdings in Beeline by 71.4% in the 4th quarter. Geode Capital Management LLC now owns 254,603 shares of the company’s stock valued at $438,000 after buying an additional 106,088 shares during the period. Finally, XTX Topco Ltd bought a new stake in shares of Beeline during the 4th quarter worth approximately $137,000. 0.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. LADENBURG THALM/SH SH raised Beeline to a “strong-buy” rating in a research note on Wednesday, May 6th. Wall Street Zen upgraded Beeline from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Beeline in a research note on Friday, March 27th. One analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Beeline currently has an average rating of “Moderate Buy”.

Beeline Company Profile

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.