Beeline (NASDAQ:BLNE) Upgraded by Wall Street Zen to Hold Rating

Wall Street Zen upgraded shares of Beeline (NASDAQ:BLNE) from a sell rating to a hold rating in a report released on Saturday morning.

Other equities analysts have also issued research reports about the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Beeline in a research note on Friday, March 27th. LADENBURG THALM/SH SH raised Beeline to a “strong-buy” rating in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Beeline Stock Down 0.5%

Shares of NASDAQ BLNE opened at $1.92 on Friday. Beeline has a 52 week low of $0.62 and a 52 week high of $4.65. The business’s 50 day moving average price is $2.40 and its 200 day moving average price is $2.43. The firm has a market cap of $58.85 million, a P/E ratio of -0.29 and a beta of 1.36.

Beeline (NASDAQ:BLNE) last posted its quarterly earnings results on Tuesday, March 31st. The company reported ($0.14) earnings per share (EPS) for the quarter. The business had revenue of $2.36 million for the quarter. Beeline had a negative return on equity of 42.97% and a negative net margin of 298.16%. As a group, research analysts expect that Beeline will post -0.01 earnings per share for the current year.

Institutional Investors Weigh In On Beeline

A number of institutional investors have recently added to or reduced their stakes in the stock. Centiva Capital LP purchased a new stake in shares of Beeline during the third quarter worth approximately $46,000. HRT Financial LP purchased a new position in Beeline in the 4th quarter valued at $34,000. Virtu Financial LLC acquired a new stake in Beeline during the 4th quarter worth $30,000. LPL Financial LLC purchased a new stake in shares of Beeline during the fourth quarter worth $29,000. Finally, Citizens Financial Group Inc. RI purchased a new stake in shares of Beeline during the first quarter worth $217,000. Institutional investors and hedge funds own 0.58% of the company’s stock.

About Beeline

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.