Bridgeline Digital (NASDAQ:BLIN) Stock Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Bridgeline Digital, Inc. (NASDAQ:BLIN)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $1.35 and traded as high as $1.46. Bridgeline Digital shares last traded at $1.43, with a volume of 130,737 shares traded.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Westpark Capital raised shares of Bridgeline Digital from a “hold” rating to a “buy” rating and set a $4.62 price target for the company in a report on Friday, February 14th. StockNews.com raised shares of Bridgeline Digital from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th.

Bridgeline Digital Stock Performance

The stock’s fifty day moving average price is $1.73 and its two-hundred day moving average price is $1.35. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.62 and a current ratio of 0.62. The company has a market cap of $14.93 million, a P/E ratio of -7.53 and a beta of 1.88.

Bridgeline Digital (NASDAQ:BLIN) last issued its quarterly earnings results on Thursday, February 13th. The software maker reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). Bridgeline Digital had a negative return on equity of 15.38% and a negative net margin of 12.82%. As a group, equities analysts predict that Bridgeline Digital, Inc. will post -0.15 earnings per share for the current year.

Hedge Funds Weigh In On Bridgeline Digital

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC bought a new position in Bridgeline Digital in the 4th quarter valued at approximately $31,000. Renaissance Technologies LLC lifted its stake in Bridgeline Digital by 27.7% in the 4th quarter. Renaissance Technologies LLC now owns 130,904 shares of the software maker’s stock valued at $207,000 after purchasing an additional 28,375 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in Bridgeline Digital by 33.8% in the 4th quarter. Geode Capital Management LLC now owns 90,340 shares of the software maker’s stock valued at $143,000 after purchasing an additional 22,806 shares during the last quarter. Institutional investors own 15.08% of the company’s stock.

About Bridgeline Digital

Bridgeline Digital, Inc operates as a marketing technology company in the United States, Canada, and internationally. The company offers HawkSearch, a site search, recommendation, and personalization application for marketers, merchandisers, and developers; Celebros Search, a commerce-oriented site search product that provides natural language processing with artificial intelligence; and Woorank, a Search Engine Optimization (SEO) audit tool that generates an instant performance audit of the site's technical, on-page, and off-page SEO.