Bridgeline Digital (NASDAQ:BLIN) Share Price Crosses Above 200-Day Moving Average – Should You Sell?

Bridgeline Digital, Inc. (NASDAQ:BLIN) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $0.97 and traded as high as $1.22. Bridgeline Digital shares last traded at $1.18, with a volume of 22,032 shares.

Wall Street Analyst Weigh In

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 given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $4.62.

Bridgeline Digital Price Performance

The company has a 50 day moving average of $1.16 and a 200 day moving average of $0.98. The stock has a market capitalization of $13.61 million, a price-to-earnings ratio of -7.20 and a beta of 0.95. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.01.

Bridgeline Digital (NASDAQ:BLIN) last released its quarterly earnings data on Thursday, May 14th. The software maker reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.03). Bridgeline Digital had a negative return on equity of 17.46% and a negative net margin of 10.75%.The firm had revenue of $3.92 million for the quarter, compared to analyst estimates of $4.55 million.

Institutional Investors Weigh In On Bridgeline Digital

Several hedge funds have recently made changes to their positions in the company. Citadel Advisors LLC bought a new position in Bridgeline Digital during the third quarter valued at approximately $41,000. DRW Securities LLC acquired a new position in shares of Bridgeline Digital during the 4th quarter worth $45,000. Lido Advisors LLC bought a new position in shares of Bridgeline Digital during the 4th quarter valued at $48,000. Finally, Renaissance Technologies LLC lifted its stake in shares of Bridgeline Digital by 8.6% in the 1st quarter. Renaissance Technologies LLC now owns 158,729 shares of the software maker’s stock valued at $127,000 after purchasing an additional 12,600 shares during the last quarter. 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.