Bridgeline Digital, Inc. (NASDAQ:BLIN) Short Interest Update

Bridgeline Digital, Inc. (NASDAQ:BLIN) saw a significant decline in short interest in February. As of February 27th, there was short interest totaling 9,386 shares, a decline of 86.8% from the February 12th total of 71,150 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 84,742 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 84,742 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the shares of the company are sold short.

Bridgeline Digital Price Performance

Shares of Bridgeline Digital stock traded up $0.05 during trading on Tuesday, hitting $0.97. The stock had a trading volume of 32,664 shares, compared to its average volume of 67,412. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.02. Bridgeline Digital has a 12 month low of $0.69 and a 12 month high of $2.22. The firm has a market cap of $12.22 million, a price-to-earnings ratio of -4.62 and a beta of 0.82. The business’s 50-day moving average is $0.83 and its 200 day moving average is $1.08.

Bridgeline Digital (NASDAQ:BLIN) last posted its quarterly earnings data on Thursday, February 12th. The software maker reported ($0.01) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.01). The company had revenue of $3.91 million during the quarter, compared to analyst estimates of $4.30 million. Bridgeline Digital had a negative return on equity of 19.87% and a negative net margin of 12.71%. As a group, sell-side analysts anticipate that Bridgeline Digital will post -0.15 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on BLIN. Zacks Research raised Bridgeline Digital from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 19th. Westpark Capital reiterated a “buy” rating and set a $4.62 price target on shares of Bridgeline Digital in a research report on Friday, December 19th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Bridgeline Digital in a report on Wednesday, January 21st. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Bridgeline Digital presently has a consensus rating of “Hold” and an average price target of $4.62.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Lido Advisors LLC bought a new position in shares of Bridgeline Digital in the fourth quarter worth approximately $48,000. DRW Securities LLC bought a new stake in Bridgeline Digital during the fourth quarter valued at approximately $45,000. Finally, Citadel Advisors LLC bought a new stake in Bridgeline Digital during the third quarter valued at approximately $41,000. 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.