Beeline (NASDAQ:BLNE) Issues Earnings Results

Beeline (NASDAQ:BLNE) released its earnings results on Tuesday. The company reported ($0.14) earnings per share for the quarter, FiscalAI reports. Beeline had a negative net margin of 242.70% and a negative return on equity of 35.87%. The company had revenue of $2.36 million during the quarter.

Beeline Trading Down 6.0%

Beeline stock opened at $2.21 on Thursday. The firm has a market capitalization of $63.96 million, a price-to-earnings ratio of -0.33 and a beta of 1.63. The firm has a 50 day simple moving average of $2.87 and a 200 day simple moving average of $2.69. Beeline has a 1-year low of $0.62 and a 1-year high of $4.65.

Institutional Trading of Beeline

A number of hedge funds and other institutional investors have recently made changes to their positions in BLNE. AWM Investment Company Inc. purchased a new stake in shares of Beeline in the fourth quarter worth about $3,225,000. NewEdge Advisors LLC boosted its holdings in Beeline by 2,932.2% in the 3rd quarter. NewEdge Advisors LLC now owns 1,121,900 shares of the company’s stock valued at $4,443,000 after purchasing an additional 1,084,900 shares during the period. Vanguard Group Inc. bought a new position in shares of Beeline in the third quarter worth $1,330,000. Geode Capital Management LLC raised its position in shares of Beeline by 71.4% in the fourth quarter. Geode Capital Management LLC now owns 254,603 shares of the company’s stock worth $438,000 after buying an additional 106,088 shares in the last quarter. Finally, Perkins Capital Management Inc. bought a new stake in Beeline during the fourth quarter valued at $421,000. 0.58% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on BLNE shares. LADENBURG THALM/SH SH upgraded Beeline to a “strong-buy” rating in a research note on Thursday, December 18th. Wall Street Zen raised Beeline from a “sell” rating to a “hold” rating in a research report on Saturday, January 10th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Beeline in a research note on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Beeline Company Profile

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.