Beeline (NASDAQ:BLNE) Announces Quarterly Earnings Results

Beeline (NASDAQ:BLNE) released its earnings results on Friday. The company reported ($0.13) earnings per share for the quarter, Zacks reports. Beeline had a negative net margin of 234.55% and a negative return on equity of 39.90%.

Beeline Stock Down 9.0%

Shares of NASDAQ:BLNE traded down $0.10 during mid-day trading on Friday, reaching $1.01. 814,116 shares of the stock were exchanged, compared to its average volume of 703,366. The company has a market cap of $32.95 million, a P/E ratio of -1.31 and a beta of 1.25. Beeline has a one year low of $0.76 and a one year high of $4.65. The stock’s 50 day simple moving average is $1.09 and its 200-day simple moving average is $1.89.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. AWM Investment Company Inc. acquired a new stake in shares of Beeline in the 4th quarter valued at approximately $3,225,000. NewEdge Advisors LLC raised its position in Beeline by 2,932.2% during the third quarter. NewEdge Advisors LLC now owns 1,121,900 shares of the company’s stock worth $4,443,000 after acquiring an additional 1,084,900 shares in the last quarter. Vanguard Group Inc. acquired a new stake in Beeline in the third quarter valued at $1,330,000. Geode Capital Management LLC increased its stake in shares of Beeline by 71.4% during the 4th quarter. Geode Capital Management LLC now owns 254,603 shares of the company’s stock worth $438,000 after purchasing an additional 106,088 shares during the last quarter. Finally, XTX Topco Ltd bought a new position in Beeline during the fourth quarter worth about $137,000. 0.58% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on BLNE shares. LADENBURG THALM/SH SH raised shares of Beeline to a “strong-buy” rating in a report on Wednesday, May 6th. Weiss Ratings cut shares of Beeline from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, June 5th. Finally, Wall Street Zen downgraded Beeline from a “hold” rating to a “sell” rating in a report on Sunday, May 17th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company 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.