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

Bridgeline Digital, Inc. (NASDAQ:BLIN)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $1.00 and traded as high as $1.01. Bridgeline Digital shares last traded at $1.00, with a volume of 32,338 shares trading hands.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Bridgeline Digital in a research note on Monday, July 13th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $4.62.

Bridgeline Digital Price Performance

The business’s 50-day moving average price is $1.13 and its 200 day moving average price is $1.01. The stock has a market capitalization of $12.31 million, a PE ratio of -8.14 and a beta of 0.96. 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 issued its quarterly earnings data on Thursday, August 13th. The software maker reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). Bridgeline Digital had a negative return on equity of 14.51% and a negative net margin of 8.65%.The business had revenue of $3.92 million during the quarter, compared to analysts’ expectations of $4.70 million.

Institutional Trading of Bridgeline Digital

A number of large investors have recently modified their holdings of BLIN. Citadel Advisors LLC bought a new position in shares of Bridgeline Digital in the third quarter worth approximately $41,000. Lido Advisors LLC purchased a new position in Bridgeline Digital in the 4th quarter worth approximately $48,000. DRW Securities LLC purchased a new stake in shares of Bridgeline Digital during the 4th quarter valued at $45,000. Renaissance Technologies LLC lifted its holdings in shares of Bridgeline Digital by 8.6% during the 1st quarter. Renaissance Technologies LLC now owns 158,729 shares of the software maker’s stock worth $127,000 after acquiring an additional 12,600 shares during the last quarter. Finally, Bard Associates Inc. bought a new stake in shares of Bridgeline Digital during the 2nd quarter worth $1,195,000. 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.