Bridgeline Digital (NASDAQ:BLIN) Shares Cross Below Two Hundred Day Moving Average – What’s Next?

Bridgeline Digital, Inc. (NASDAQ:BLIN)’s stock price passed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $1.00 and traded as low as $0.70. Bridgeline Digital shares last traded at $0.7559, with a volume of 76,567 shares trading hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Bridgeline Digital in a research note on Monday, July 13th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $4.62.

Bridgeline Digital Stock Performance

The company’s fifty day simple moving average is $0.94 and its 200 day simple moving average is $1.00. The stock has a market capitalization of $9.33 million, a P/E ratio of -6.17 and a beta of 0.92. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.01.

Bridgeline Digital (NASDAQ:BLIN) last issued its quarterly earnings data on Thursday, August 13th. The software maker reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). The business had revenue of $3.92 million during the quarter, compared to analysts’ expectations of $4.70 million. Bridgeline Digital had a negative return on equity of 14.51% and a negative net margin of 8.65%.

Institutional Trading of Bridgeline Digital

A number of large investors have recently modified their holdings of BLIN. Bard Associates Inc. bought a new position in shares of Bridgeline Digital in the second quarter worth approximately $1,195,000. Renaissance Technologies LLC grew its stake in Bridgeline Digital by 8.6% in the 1st quarter. Renaissance Technologies LLC now owns 158,729 shares of the software maker’s stock worth $127,000 after buying an additional 12,600 shares in the last quarter. Finally, Lido Advisors LLC grew its stake in Bridgeline Digital by 37.1% in the 1st quarter. Lido Advisors LLC now owns 78,973 shares of the software maker’s stock worth $63,000 after buying an additional 21,353 shares in the last quarter. Institutional investors own 15.08% of the company’s stock.

Bridgeline Digital Company Profile

Bridgeline Digital, Inc is a software company that provides digital experience and e-commerce solutions to businesses seeking to improve online customer engagement, product discovery and sales. Its offerings are delivered primarily through cloud-based software and are designed for organizations operating websites, online stores and other digital channels.

The company’s product portfolio includes HawkSearch, an AI-powered site search and merchandising platform that helps businesses deliver relevant search results, recommendations and personalized shopping experiences.