Bridgeline Digital (NASDAQ:BLIN) Receives New Coverage from Analysts at StockNews.com

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

Bridgeline Digital Stock Performance

Shares of BLIN stock opened at $1.04 on Wednesday. The business’s 50 day simple moving average is $0.91 and its 200 day simple moving average is $0.84. Bridgeline Digital has a one year low of $0.70 and a one year high of $1.43. The stock has a market capitalization of $10.83 million, a PE ratio of -1.09 and a beta of 2.09. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.71 and a quick ratio of 0.71.

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

Institutional Trading of Bridgeline Digital

A hedge fund recently raised its stake in Bridgeline Digital stock. Renaissance Technologies LLC lifted its position in shares of Bridgeline Digital, Inc. (NASDAQ:BLIN) by 28.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 326,200 shares of the software maker’s stock after purchasing an additional 72,341 shares during the period. Renaissance Technologies LLC owned 3.23% of Bridgeline Digital worth $623,000 at the end of the most recent quarter. 27.21% of the stock is owned by institutional investors and hedge funds.

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.