Bridgeline Digital (NASDAQ:BLIN) Share Price Passes Above 200 Day Moving Average – Here’s What Happened

Bridgeline Digital, Inc. (NASDAQ:BLIN) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.33 and traded as high as $1.41. Bridgeline Digital shares last traded at $1.35, with a volume of 68,157 shares.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Westpark Capital upgraded Bridgeline Digital from a “hold” rating to a “buy” rating and set a $4.62 target price on the stock in a report on Friday, February 14th. StockNews.com raised shares of Bridgeline Digital from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th.

Bridgeline Digital Trading Down 4.9 %

The company has a market cap of $14.10 million, a P/E ratio of -7.11 and a beta of 1.88. The firm has a 50-day moving average of $1.73 and a 200 day moving average of $1.33. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.02.

Bridgeline Digital (NASDAQ:BLIN) last released its quarterly earnings data on Thursday, February 13th. The software maker reported ($0.06) earnings per share (EPS) 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%. On average, analysts predict that Bridgeline Digital, Inc. will post -0.15 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Jane Street Group LLC purchased a new position in Bridgeline Digital in the fourth quarter valued at about $31,000. Renaissance Technologies LLC lifted its position in shares of Bridgeline Digital by 27.7% during the 4th quarter. Renaissance Technologies LLC now owns 130,904 shares of the software maker’s stock valued at $207,000 after buying an additional 28,375 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Bridgeline Digital by 33.8% during the 4th quarter. Geode Capital Management LLC now owns 90,340 shares of the software maker’s stock worth $143,000 after acquiring an additional 22,806 shares during the period. Institutional investors own 15.08% of the company’s stock.

Bridgeline Digital Company Profile

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.