Bridgeline Digital (NASDAQ:BLIN) Stock Price Crosses Below 200-Day Moving Average – Here’s Why

Bridgeline Digital, Inc. (NASDAQ:BLIN) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.01 and traded as low as $0.8611. Bridgeline Digital shares last traded at $0.8621, with a volume of 8,958 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Bridgeline Digital in a research report on Monday, July 13th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $4.62.

Bridgeline Digital Trading Down 1.1%

The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $10.85 million, a P/E ratio of -7.17 and a beta of 0.96. The company has a fifty day simple moving average of $1.06 and a two-hundred day simple moving average of $1.01.

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 the consensus estimate of ($0.02) by ($0.02). Bridgeline Digital had a negative net margin of 8.65% and a negative return on equity of 14.51%. The business had revenue of $3.92 million during the quarter, compared to analyst estimates of $4.70 million.

Institutional Investors Weigh In On Bridgeline Digital

Several institutional investors and hedge funds have recently added to or reduced their stakes in BLIN. Bard Associates Inc. acquired a new stake in shares of Bridgeline Digital in the 2nd quarter valued at approximately $1,195,000. Renaissance Technologies LLC grew its holdings in Bridgeline Digital by 8.6% in the 1st quarter. Renaissance Technologies LLC now owns 158,729 shares of the software maker’s stock valued at $127,000 after buying an additional 12,600 shares in the last quarter. Finally, Lido Advisors LLC increased its position in Bridgeline Digital by 37.1% during the first quarter. Lido Advisors LLC now owns 78,973 shares of the software maker’s stock worth $63,000 after acquiring an additional 21,353 shares during the period. 15.08% of the stock is owned by institutional investors.

About Bridgeline Digital

Bridgeline Digital, Inc is a software-as-a-service company that delivers digital experience management solutions to mid-market and enterprise organizations. The company’s core offering, the LX Platform, integrates content management, e-commerce, customer portals and digital marketing tools into a unified cloud-based environment. Bridgeline’s platform is designed to help businesses streamline the delivery of personalized content and commerce capabilities across web, mobile and other channels.

The LX Platform features modules for web content creation, online storefront management, customer self-service portals and marketing automation.