Insider Buying: Beeline (NASDAQ:BLNE) CEO Purchases $94,132.00 in Stock

Beeline Holdings, Inc. (NASDAQ:BLNE) CEO Nicholas Reyland Liuzza, Jr. acquired 93,200 shares of the stock in a transaction dated Thursday, September 10th. The stock was acquired at an average price of $1.01 per share, for a total transaction of $94,132.00. Following the purchase, the chief executive officer directly owned 5,006,799 shares in the company, valued at approximately $5,056,866.99. This trade represents a 1.90% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink.

Beeline Stock Performance

Shares of NASDAQ BLNE traded up $0.04 during trading on Monday, hitting $1.06. The company had a trading volume of 227,101 shares, compared to its average volume of 664,712. The stock has a 50 day simple moving average of $1.02 and a 200 day simple moving average of $1.59. Beeline Holdings, Inc. has a 12 month low of $0.76 and a 12 month high of $4.65. The firm has a market capitalization of $34.74 million, a P/E ratio of -2.17 and a beta of 1.31.

Beeline (NASDAQ:BLNE) last announced its quarterly earnings data on Friday, August 14th. The company reported ($0.13) EPS for the quarter. Beeline had a negative net margin of 212.25% and a negative return on equity of 41.07%. The business had revenue of $3.56 million during the quarter. As a group, analysts predict that Beeline Holdings, Inc. will post -0.01 EPS for the current year.

Institutional Trading of Beeline

Several institutional investors and hedge funds have recently made changes to their positions in the company. Engineers Gate Manager LP raised its holdings in shares of Beeline by 69.0% in the 2nd quarter. Engineers Gate Manager LP now owns 33,042 shares of the company’s stock valued at $40,000 after purchasing an additional 13,491 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Beeline by 10,007.5% during the first quarter. Bank of America Corp DE now owns 21,630 shares of the company’s stock valued at $51,000 after purchasing an additional 21,416 shares in the last quarter. Citizens Financial Group Inc. RI purchased a new position in Beeline during the first quarter valued at approximately $217,000. Relyea Zuckerberg Hanson LLC raised its stake in Beeline by 185.7% in the first quarter. Relyea Zuckerberg Hanson LLC now owns 40,000 shares of the company’s stock worth $94,000 after buying an additional 26,000 shares in the last quarter. Finally, Intrua Financial LLC bought a new position in Beeline in the first quarter worth approximately $69,000. 0.58% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Beeline in a research note on Wednesday, September 2nd. Wall Street Zen downgraded shares of Beeline from a “hold” rating to a “sell” rating in a research note on Sunday, May 17th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, Beeline presently has an average rating of “Moderate Buy”.

About Beeline

Beeline Holdings, Inc is a mortgage fintech company that provides a digital, AI-powered lending and title platform designed to streamline the home loan process. Headquartered in Providence, Rhode Island, Beeline aims to make mortgages simpler and faster by combining technology with an end-to-end approach across origination and title services. The company focuses on improving efficiency and transparency for homebuyers and homeowners, supporting broader access to financial flexibility through property ownership.