Bridgeline Digital (NASDAQ:BLIN) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Bridgeline Digital (NASDAQ:BLIN) in a report issued on Sunday morning. The firm issued a hold rating on the software maker’s stock.

Bridgeline Digital Trading Down 2.9 %

Shares of NASDAQ BLIN opened at $1.19 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.71 and a current ratio of 0.71. Bridgeline Digital has a 52-week low of $0.70 and a 52-week high of $1.43. The firm has a 50 day moving average price of $1.09 and a two-hundred day moving average price of $0.89. The stock has a market cap of $12.40 million, a P/E ratio of -1.25 and a beta of 2.10.

Bridgeline Digital (NASDAQ:BLIN) last announced its quarterly earnings results on Wednesday, February 14th. The software maker reported ($0.06) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.06). Bridgeline Digital had a negative net margin of 64.13% and a negative return on equity of 64.91%. The firm had revenue of $3.76 million during the quarter, compared to analysts’ expectations of $3.78 million. As a group, equities analysts forecast that Bridgeline Digital will post -0.2 EPS for the current year.

Hedge Funds Weigh In On Bridgeline Digital

An institutional investor recently raised its position in Bridgeline Digital stock. Renaissance Technologies LLC lifted its position in shares of Bridgeline Digital, Inc. (NASDAQ:BLIN) by 28.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 326,200 shares of the software maker’s stock after buying an additional 72,341 shares during the quarter. Renaissance Technologies LLC owned about 3.23% of Bridgeline Digital worth $623,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 15.08% of the company’s stock.

Bridgeline Digital Company Profile

Bridgeline Digital, Inc operates as a marketing technology company in the United States, Canada, and internationally. The company offers HawkSearch, a site search, recommendation, and personalization application for marketers, merchandisers, and developers; Celebros Search, a commerce-oriented site search product that provides natural language processing with artificial intelligence; and Woorank, a Search Engine Optimization (SEO) audit tool that generates an instant performance audit of the site's technical, on-page, and off-page SEO.