Bridgeline Digital (NASDAQ:BLIN) Shares Pass Below Two Hundred Day Moving Average – Here’s What Happened

Bridgeline Digital, Inc. (NASDAQ:BLIN) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $1.08 and traded as low as $0.9216. Bridgeline Digital shares last traded at $0.9217, with a volume of 15,905 shares trading hands.

Wall Street Analyst Weigh In

Several research analysts have commented on BLIN shares. Zacks Research upgraded Bridgeline Digital from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 19th. Westpark Capital reissued a “buy” rating and set a $4.62 price target on shares of Bridgeline Digital in a research report on Friday, December 19th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Bridgeline Digital in a research note on Wednesday, January 21st. One research 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 MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $4.62.

Bridgeline Digital Trading Up 2.2%

The company has a market capitalization of $12.49 million, a PE ratio of -4.72 and a beta of 0.82. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.71 and a quick ratio of 0.71. The company’s fifty day moving average is $0.83 and its 200-day moving average is $1.07.

Bridgeline Digital (NASDAQ:BLIN) last posted its earnings results on Thursday, February 12th. The software maker reported ($0.01) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.01). The company had revenue of $3.91 million during the quarter, compared to analyst estimates of $4.30 million. Bridgeline Digital had a negative return on equity of 19.87% and a negative net margin of 12.71%. On average, analysts anticipate that Bridgeline Digital, Inc. will post -0.15 EPS for the current fiscal year.

Institutional Investors Weigh In On Bridgeline Digital

A number of institutional investors have recently added to or reduced their stakes in BLIN. Citadel Advisors LLC purchased a new position in Bridgeline Digital in the third quarter valued at about $41,000. DRW Securities LLC bought a new stake in shares of Bridgeline Digital in the 4th quarter valued at about $45,000. Finally, Lido Advisors LLC purchased a new position in shares of Bridgeline Digital in the 4th quarter worth approximately $48,000. Institutional investors own 15.08% of the company’s stock.

Bridgeline Digital Company Profile

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.