Beeline (NASDAQ:BLNE) Shares Up 2.8% – Still a Buy?

Beeline Holdings, Inc. (NASDAQ:BLNE)’s stock price rose 2.8% during trading on Friday . The company traded as high as $1.1150 and last traded at $1.11. 114,969 shares were traded during trading, a decline of 78% from the average session volume of 511,502 shares. The stock had previously closed at $1.08.

Analyst Ratings Changes

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

Beeline Stock Up 2.8%

The stock has a market capitalization of $36.21 million, a PE ratio of -1.44 and a beta of 1.27. The stock has a fifty day moving average of $1.32 and a 200-day moving average of $2.12.

Beeline (NASDAQ:BLNE) last issued its quarterly earnings results on Friday, May 15th. The company reported ($0.18) earnings per share for the quarter. Beeline had a negative return on equity of 39.90% and a negative net margin of 234.55%.The company had revenue of $2.70 million for the quarter. Equities research analysts expect that Beeline Holdings, Inc. will post -0.01 EPS for the current year.

Institutional Trading of Beeline

Hedge funds have recently added to or reduced their stakes in the company. Centiva Capital LP purchased a new position in Beeline in the third quarter worth approximately $46,000. LPL Financial LLC acquired a new position in Beeline during the 4th quarter worth approximately $29,000. Virtu Financial LLC purchased a new stake in shares of Beeline in the 4th quarter valued at approximately $30,000. Manchester Financial Inc. purchased a new stake in shares of Beeline in the 4th quarter valued at approximately $31,000. Finally, GRIMES & Co WEALTH MANAGEMENT LLC acquired a new stake in shares of Beeline in the 4th quarter valued at $32,000. Institutional investors and hedge funds own 0.58% of the company’s stock.

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.