Bridgeline Digital (NASDAQ:BLIN) Upgraded at StockNews.com

StockNews.com upgraded shares of Bridgeline Digital (NASDAQ:BLIN) from a hold rating to a buy rating in a report published on Wednesday morning.

Separately, 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 report on Friday, February 14th.

Bridgeline Digital Trading Down 9.2 %

Bridgeline Digital stock opened at $1.57 on Wednesday. The stock has a 50-day moving average price of $1.73 and a 200 day moving average price of $1.31. The company has a market capitalization of $16.39 million, a price-to-earnings ratio of -8.26 and a beta of 1.88. Bridgeline Digital has a 52 week low of $0.76 and a 52 week high of $2.80. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.02.

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

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Renaissance Technologies LLC increased its holdings in shares of Bridgeline Digital by 27.7% during the 4th quarter. Renaissance Technologies LLC now owns 130,904 shares of the software maker’s stock valued at $207,000 after purchasing an additional 28,375 shares in the last quarter. Geode Capital Management LLC grew its position in Bridgeline Digital by 33.8% during the fourth quarter. Geode Capital Management LLC now owns 90,340 shares of the software maker’s stock valued at $143,000 after buying an additional 22,806 shares during the period. Finally, Jane Street Group LLC purchased a new position in Bridgeline Digital in the fourth quarter valued at $31,000. 15.08% 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.