Bridgeline Digital (NASDAQ:BLIN) Stock Passes Above 200 Day Moving Average – Here’s What Happened

Bridgeline Digital, Inc. (NASDAQ:BLIN)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $1.40 and traded as high as $1.52. Bridgeline Digital shares last traded at $1.50, with a volume of 33,065 shares.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on BLIN shares. StockNews.com upgraded Bridgeline Digital from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th. Westpark Capital raised shares of Bridgeline Digital from a “hold” rating to a “buy” rating and set a $4.62 price target on the stock in a research report on Friday, February 14th.

Bridgeline Digital Price Performance

The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $15.25 million, a price-to-earnings ratio of -7.68 and a beta of 1.85. The company’s 50 day moving average is $1.63 and its 200-day moving average is $1.40.

Bridgeline Digital (NASDAQ:BLIN) last released its quarterly earnings data on Thursday, February 13th. The software maker reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.01). Bridgeline Digital had a negative net margin of 12.82% and a negative return on equity of 15.38%. Equities research analysts anticipate that Bridgeline Digital, Inc. will post -0.15 earnings per share for the current year.

Institutional Trading of Bridgeline Digital

Several institutional investors and hedge funds have recently modified their holdings of BLIN. Renaissance Technologies LLC grew its holdings in Bridgeline Digital by 27.7% during the 4th quarter. Renaissance Technologies LLC now owns 130,904 shares of the software maker’s stock worth $207,000 after acquiring an additional 28,375 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Bridgeline Digital by 33.8% during the fourth quarter. Geode Capital Management LLC now owns 90,340 shares of the software maker’s stock worth $143,000 after purchasing an additional 22,806 shares during the period. Finally, Jane Street Group LLC bought a new stake in shares of Bridgeline Digital in the fourth quarter worth $31,000. 15.08% of the stock is currently owned by institutional investors.

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.