Beeline (NASDAQ:BLNE) CEO Purchases $23,400.00 in Stock

Beeline Holdings, Inc. (NASDAQ:BLNE) CEO Nicholas Reyland Liuzza, Jr. purchased 22,500 shares of Beeline stock in a transaction on Wednesday, September 9th. The shares were acquired at an average cost of $1.04 per share, for a total transaction of $23,400.00. Following the purchase, the chief executive officer owned 4,913,599 shares in the company, valued at approximately $5,110,142.96. This trade represents a 0.46% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Beeline Stock Performance

Beeline stock opened at $0.99 on Thursday. The firm has a 50 day moving average price of $1.02 and a 200 day moving average price of $1.55. The company has a market cap of $32.29 million, a price-to-earnings ratio of -2.02 and a beta of 1.31. Beeline Holdings, Inc. has a 1 year low of $0.76 and a 1 year high of $4.65.

Beeline (NASDAQ:BLNE) last announced its earnings results on Friday, August 14th. The company reported ($0.13) earnings per share (EPS) for the quarter. The business had revenue of $3.56 million for the quarter. Beeline had a negative return on equity of 41.07% and a negative net margin of 212.25%. Sell-side analysts predict that Beeline Holdings, Inc. will post -0.01 EPS for the current year.

Institutional Investors Weigh In On Beeline

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Engineers Gate Manager LP lifted its position in shares of Beeline by 69.0% in the 2nd quarter. Engineers Gate Manager LP now owns 33,042 shares of the company’s stock valued at $40,000 after acquiring an additional 13,491 shares in the last quarter. Bank of America Corp DE boosted its position in Beeline by 10,007.5% during the first quarter. Bank of America Corp DE now owns 21,630 shares of the company’s stock worth $51,000 after purchasing an additional 21,416 shares during the period. Citizens Financial Group Inc. RI acquired a new position in Beeline during the first quarter valued at approximately $217,000. Relyea Zuckerberg Hanson LLC raised its position in shares of Beeline by 185.7% in the first quarter. Relyea Zuckerberg Hanson LLC now owns 40,000 shares of the company’s stock valued at $94,000 after purchasing an additional 26,000 shares during the period. Finally, Intrua Financial LLC bought a new position in shares of Beeline in the first quarter valued at approximately $69,000. Institutional investors and hedge funds own 0.58% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Beeline in a report on Wednesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, Beeline currently 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.