Bridgeline Digital (NASDAQ:BLIN) Rating Increased to Hold at Zacks Research

Bridgeline Digital (NASDAQ:BLIN) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Wednesday,Zacks.com reports.

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Bridgeline Digital in a research note on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Bridgeline Digital has a consensus rating of “Hold” and a consensus price target of $4.62.

Bridgeline Digital Stock Up 1.6%

Shares of Bridgeline Digital stock opened at $0.93 on Wednesday. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.77 and a quick ratio of 0.77. Bridgeline Digital has a 1-year low of $0.90 and a 1-year high of $2.80. The business’s fifty day moving average price is $1.28 and its two-hundred day moving average price is $1.43. The company has a market capitalization of $11.29 million, a P/E ratio of -3.45 and a beta of 0.88.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BLIN. XTX Topco Ltd bought a new stake in Bridgeline Digital in the first quarter worth about $26,000. Bard Associates Inc. acquired a new position in shares of Bridgeline Digital in the 1st quarter worth approximately $1,949,000. Finally, Citadel Advisors LLC bought a new stake in shares of Bridgeline Digital in the 3rd quarter worth approximately $41,000. Institutional investors own 15.08% of the company’s stock.

About Bridgeline Digital

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.