Christopher Moe Acquires 10,000 Shares of Beeline (NASDAQ:BLNE) Stock

Beeline Holdings, Inc. (NASDAQ:BLNE) CFO Christopher Moe purchased 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The stock was purchased at an average price of $1.04 per share, with a total value of $10,400.00. Following the completion of the purchase, the chief financial officer directly owned 50,000 shares of the company’s stock, valued at approximately $52,000. This represents a 25.00% increase in their position. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

Beeline Stock Performance

NASDAQ:BLNE opened at $1.16 on Thursday. The company has a market capitalization of $36.17 million, a price-to-earnings ratio of -1.51 and a beta of 1.36. Beeline Holdings, Inc. has a one year low of $0.62 and a one year high of $4.65. The stock has a 50-day simple moving average of $2.15 and a 200 day simple moving average of $2.32.

Beeline (NASDAQ:BLNE) last posted its quarterly earnings results on Tuesday, March 31st. The company reported ($0.14) EPS for the quarter. Beeline had a negative return on equity of 39.90% and a negative net margin of 234.55%.The firm had revenue of $2.36 million during the quarter. On average, equities research analysts forecast that Beeline Holdings, Inc. will post -0.01 EPS for the current fiscal year.

Hedge Funds Weigh In On Beeline

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of America Corp DE raised its stake in shares of Beeline by 10,007.5% during the first quarter. Bank of America Corp DE now owns 21,630 shares of the company’s stock valued at $51,000 after purchasing an additional 21,416 shares in the last quarter. Citizens Financial Group Inc. RI bought a new stake in shares of Beeline during the first quarter valued at about $217,000. Relyea Zuckerberg Hanson LLC raised its stake in shares of Beeline by 185.7% during the first quarter. Relyea Zuckerberg Hanson LLC now owns 40,000 shares of the company’s stock valued at $94,000 after purchasing an additional 26,000 shares in the last quarter. Intrua Financial LLC bought a new stake in shares of Beeline during the first quarter valued at about $69,000. Finally, Virtu Financial LLC bought a new stake in shares of Beeline during the fourth quarter valued at about $30,000. 0.58% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have commented on BLNE. Weiss Ratings restated a “sell (d-)” rating on shares of Beeline in a research note on Friday, March 27th. LADENBURG THALM/SH SH upgraded Beeline to a “strong-buy” rating in a research note on Wednesday, May 6th. Finally, Wall Street Zen downgraded Beeline from a “hold” rating to a “sell” rating in a research note on Sunday. One research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently 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.