Beeline (NASDAQ:BLNE) Shares Up 14.1% – Still a Buy?

Beeline Holdings, Inc. (NASDAQ:BLNE)’s stock price shot up 14.1% on Monday . The company traded as high as $1.03 and last traded at $1.00. 445,238 shares were traded during trading, an increase of 74% from the average daily volume of 256,383 shares. The stock had previously closed at $0.8764.

Analysts Set New Price Targets

Several brokerages have recently issued reports on BLNE. Wall Street Zen cut shares of Beeline from a “hold” rating to a “sell” rating in a research note on Sunday, May 17th. LADENBURG THALM/SH SH raised Beeline to a “strong-buy” rating in a research report on Wednesday, May 6th. Finally, Weiss Ratings cut Beeline from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, June 5th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Beeline Stock Performance

The stock has a fifty day moving average price of $1.12 and a 200-day moving average price of $2.00. The firm has a market cap of $32.95 million, a PE ratio of -1.31 and a beta of 1.25.

Beeline (NASDAQ:BLNE) last released its quarterly earnings data on Friday, May 15th. The company reported ($0.18) earnings per share (EPS) for the quarter. Beeline had a negative return on equity of 39.90% and a negative net margin of 234.55%.The business had revenue of $2.70 million for the quarter. As a group, equities analysts predict that Beeline Holdings, Inc. will post -0.01 earnings per share for the current fiscal year.

Institutional Trading of Beeline

A number of institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC raised its position in Beeline by 71.4% in the fourth quarter. Geode Capital Management LLC now owns 254,603 shares of the company’s stock valued at $438,000 after purchasing an additional 106,088 shares during the period. Vanguard Group Inc. purchased a new stake in shares of Beeline in the third quarter worth about $1,330,000. NewEdge Advisors LLC boosted 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 buying an additional 1,084,900 shares during the period. AWM Investment Company Inc. acquired a new stake in shares of Beeline in the fourth quarter valued at about $3,225,000. Finally, Creative Planning acquired a new stake in shares of Beeline in the second quarter valued at about $51,000. 0.58% of the stock is owned by hedge funds and other institutional investors.

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.