Bridgeline Digital, Inc. (BLIN) Upgraded to Buy by Zacks Investment Research
Bridgeline Digital, Inc. (NASDAQ:BLIN) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday. The firm presently has a $3.25 price target on the software maker’s stock. Zacks Investment Research‘s price objective would suggest a potential upside of 18.18% from the stock’s current price.
According to Zacks, “Bridgeline Digital, Inc. is a digital engagement company. The Company’s Bridgeline’s iAPPS platform integrates Web Content Management, e-commerce, e-marketing, Social Media management and Web Analytics. The iAPPS suite of products include iAPPS Content Manager, iAPPS Commerce, iAPPS Marketier, iAPPS Analyzer, iAPPSds and iAPPS Social. Bridgeline Digital, Inc., formerly known as Bridgeline Software, Inc., is based in Burlington, Massachusetts. “
Separately, ValuEngine raised Bridgeline Digital from a “sell” rating to a “hold” rating in a research report on Tuesday, July 25th.
Shares of Bridgeline Digital (NASDAQ BLIN) traded down 5.82% during midday trading on Tuesday, reaching $2.75. 11,012 shares of the company’s stock traded hands. Bridgeline Digital has a 1-year low of $1.86 and a 1-year high of $25.50. The firm’s 50-day moving average price is $2.71 and its 200 day moving average price is $11.79. The stock’s market capitalization is $11.55 million.
Bridgeline Digital (NASDAQ:BLIN) last released its earnings results on Monday, August 14th. The software maker reported ($0.05) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.10) by $0.05. Bridgeline Digital had a negative return on equity of 9.85% and a negative net margin of 29.84%. The firm had revenue of $4.07 million during the quarter, compared to analyst estimates of $4.02 million. On average, equities analysts predict that Bridgeline Digital will post ($0.43) earnings per share for the current fiscal year.
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In other news, insider Roger E. Kahn bought 18,975 shares of Bridgeline Digital stock in a transaction that occurred on Monday, August 21st. The shares were purchased at an average price of $2.63 per share, with a total value of $49,904.25. Following the completion of the acquisition, the insider now directly owns 659,869 shares in the company, valued at $1,735,455.47. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 33.83% of the stock is owned by company insiders.
About Bridgeline Digital
Bridgeline Digital, Inc is a digital engagement company. The Company’s iAPPS platform is a Web Engagement Management (WEM) platform that integrates Web Content Management, e-commerce, e-marketing, Social Media management and Web Analytics to help marketers deliver digital experiences that engage and convert their customers across all channels.
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