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

Shares of Bridgeline Digital, Inc. (NASDAQ:BLIN) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $0.96 and traded as high as $1.22. Bridgeline Digital shares last traded at $1.17, with a volume of 40,527 shares.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Bridgeline Digital in a research report on Monday, July 13th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Bridgeline Digital presently has an average rating of “Hold” and an average target price of $4.62.

Bridgeline Digital Stock Performance

The company has a debt-to-equity ratio of 0.01, a current ratio of 0.67 and a quick ratio of 0.67. The firm has a market cap of $14.49 million, a PE ratio of -7.67 and a beta of 1.00. The business has a 50-day simple moving average of $1.14 and a 200 day simple moving average of $0.96.

Bridgeline Digital (NASDAQ:BLIN) last announced its quarterly earnings data on Thursday, May 14th. The software maker reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.03). Bridgeline Digital had a negative net margin of 10.75% and a negative return on equity of 17.46%. The company had revenue of $3.92 million for the quarter, compared to the consensus estimate of $4.55 million.

Institutional Investors Weigh In On Bridgeline Digital

Large investors have recently made changes to their positions in the company. Lido Advisors LLC acquired a new stake in Bridgeline Digital during the 4th quarter worth approximately $48,000. DRW Securities LLC bought a new stake in shares of Bridgeline Digital in the 4th quarter valued at $45,000. Citadel Advisors LLC acquired a new position in Bridgeline Digital during the 3rd quarter worth approximately $41,000. Finally, Renaissance Technologies LLC lifted its stake in shares of Bridgeline Digital by 8.6% in the first quarter. Renaissance Technologies LLC now owns 158,729 shares of the software maker’s stock valued at $127,000 after buying an additional 12,600 shares in the last quarter. Institutional investors and hedge funds 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.