Brokerages Set $4.20 Target Price for Bridgeline Digital Inc (BLIN)
Bridgeline Digital Inc (NASDAQ:BLIN) has been given a consensus broker rating score of 2.00 (Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a buy recommendation.
Analysts have set a one year consensus price target of $4.20 for the company, according to Zacks. Zacks has also given Bridgeline Digital an industry rank of 160 out of 256 based on the ratings given to its competitors.
An institutional investor recently bought a new position in Bridgeline Digital stock. Vanguard Group Inc acquired a new position in shares of Bridgeline Digital Inc (NASDAQ:BLIN) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 55,633 shares of the software maker’s stock, valued at approximately $55,000. Vanguard Group Inc owned about 1.31% of Bridgeline Digital as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 2.93% of the company’s stock.
Bridgeline Digital (NASDAQ:BLIN) last released its earnings results on Friday, December 28th. The software maker reported ($0.24) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($0.22). The firm had revenue of $2.80 million for the quarter, compared to analyst estimates of $4.37 million. Bridgeline Digital had a negative return on equity of 87.72% and a negative net margin of 53.21%.
Bridgeline Digital Company Profile
Bridgeline Digital, Inc operates as a digital engagement company in the United States. The company's iAPPS platform enables companies and developers to create Websites, Web applications, and online stores. It offers iAPPS Experience Manager, a marketing automation engine and content management system; iAPPS Content Manager that enables non-technical users to create, edit, and publish content via a browser-based interface; and iAPPS Commerce, an online B2B and B2C e-commerce solution, which allows users to manage domestic and international commerce initiatives.
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