Bridgeline Digital (NASDAQ:BLIN) Stock Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Bridgeline Digital, Inc. (NASDAQ:BLIN)’s share price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $1.01 and traded as low as $0.91. Bridgeline Digital shares last traded at $0.9110, with a volume of 34,997 shares traded.

Analyst Upgrades and Downgrades

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

Bridgeline Digital Stock Down 0.0%

The business’s 50 day moving average is $1.10 and its 200 day moving average is $1.01. The company has a market capitalization of $11.47 million, a price-to-earnings ratio of -7.58 and a beta of 0.96. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.61 and a current ratio of 0.61.

Bridgeline Digital (NASDAQ:BLIN) last issued its quarterly earnings results on Thursday, August 13th. The software maker reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). The company had revenue of $3.92 million for the quarter, compared to analyst estimates of $4.70 million. Bridgeline Digital had a negative net margin of 8.65% and a negative return on equity of 14.51%.

Institutional Trading of Bridgeline Digital

Large investors have recently added to or reduced their stakes in the company. Citadel Advisors LLC acquired a new stake in Bridgeline Digital in the 3rd quarter valued at $41,000. DRW Securities LLC purchased a new position in Bridgeline Digital in the fourth quarter valued at $45,000. Lido Advisors LLC acquired a new stake in shares of Bridgeline Digital during the 4th quarter worth about $48,000. Renaissance Technologies LLC lifted its position in shares of Bridgeline Digital by 8.6% during the 1st quarter. Renaissance Technologies LLC now owns 158,729 shares of the software maker’s stock worth $127,000 after buying an additional 12,600 shares during the last quarter. Finally, Bard Associates Inc. acquired a new stake in shares of Bridgeline Digital in the second quarter valued at approximately $1,195,000. Hedge funds and other institutional investors own 15.08% of the company’s stock.

About Bridgeline Digital

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.