Bridgeline Digital (NASDAQ:BLIN) Stock Crosses Above 200 Day Moving Average – Here’s Why

Bridgeline Digital, Inc. (NASDAQ:BLIN) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $0.99 and traded as high as $1.04. Bridgeline Digital shares last traded at $0.9635, with a volume of 10,064 shares traded.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Bridgeline Digital in a report on Monday, July 13th. One equities 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, the company currently has a consensus rating of “Hold” and an average target price of $4.62.

Bridgeline Digital Stock Performance

The firm has a market capitalization of $12.49 million, a P/E ratio of -8.26 and a beta of 0.95. The stock has a 50-day moving average of $1.14 and a 200 day moving average of $0.99. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.61 and a current ratio of 0.61.

Bridgeline Digital (NASDAQ:BLIN) last released its quarterly earnings results on Thursday, August 13th. The software maker reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). The business had revenue of $3.92 million for the quarter, compared to analyst estimates of $4.70 million. Bridgeline Digital had a negative net margin of 8.65% and a negative return on equity of 14.51%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in BLIN. Bard Associates Inc. acquired a new position in Bridgeline Digital during the 2nd quarter worth about $1,195,000. Renaissance Technologies LLC increased its position in 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 acquiring an additional 12,600 shares in the last quarter. Lido Advisors LLC increased its position in Bridgeline Digital by 37.1% in the 1st quarter. Lido Advisors LLC now owns 78,973 shares of the software maker’s stock valued at $63,000 after acquiring an additional 21,353 shares in the last quarter. DRW Securities LLC bought a new position in shares of Bridgeline Digital in the fourth quarter worth about $45,000. Finally, Citadel Advisors LLC bought a new position in shares of Bridgeline Digital in the third quarter worth about $41,000. 15.08% of the stock is owned by institutional investors.

Bridgeline Digital Company Profile

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.