Beeline (NASDAQ:BLNE) Issues Earnings Results

Beeline (NASDAQ:BLNE) announced its quarterly earnings results on Friday. The company reported ($0.13) earnings per share (EPS) for the quarter, Zacks reports. Beeline had a negative net margin of 234.55% and a negative return on equity of 39.90%.

Beeline Stock Performance

Shares of NASDAQ BLNE traded down $0.10 during mid-day trading on Friday, reaching $1.01. The company had a trading volume of 814,116 shares, compared to its average volume of 703,366. Beeline has a one year low of $0.76 and a one year high of $4.65. The firm has a market cap of $32.95 million, a price-to-earnings ratio of -1.31 and a beta of 1.25. The business’s 50-day simple moving average is $1.09 and its 200 day simple moving average is $1.89.

Institutional Trading of Beeline

Institutional investors and hedge funds have recently made changes to their positions in the company. AWM Investment Company Inc. acquired a new position in shares of Beeline during the 4th quarter worth $3,225,000. NewEdge Advisors LLC boosted its stake in Beeline by 2,932.2% in the third quarter. NewEdge Advisors LLC now owns 1,121,900 shares of the company’s stock valued at $4,443,000 after buying an additional 1,084,900 shares in the last quarter. Vanguard Group Inc. bought a new position in Beeline in the third quarter valued at about $1,330,000. Geode Capital Management LLC grew its holdings in shares of Beeline by 71.4% during the 4th quarter. Geode Capital Management LLC now owns 254,603 shares of the company’s stock valued at $438,000 after purchasing an additional 106,088 shares during the last quarter. Finally, XTX Topco Ltd bought a new stake in shares of Beeline during the fourth quarter worth $137,000. Institutional investors own 0.58% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Weiss Ratings lowered shares of Beeline from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, June 5th. LADENBURG THALM/SH SH upgraded shares of Beeline to a “strong-buy” rating in a research note on Wednesday, May 6th. Finally, Wall Street Zen cut shares of Beeline from a “hold” rating to a “sell” rating in a report on Sunday, May 17th. One analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus 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.