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

Shares of Bridgeline Digital, Inc. (NASDAQ:BLIN) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $1.08 and traded as low as $0.9216. Bridgeline Digital shares last traded at $0.9217, with a volume of 15,905 shares trading hands.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on BLIN. Westpark Capital reiterated a “buy” rating and set a $4.62 price objective on shares of Bridgeline Digital in a research note on Friday, December 19th. Zacks Research raised shares of Bridgeline Digital from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 19th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Bridgeline Digital in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $4.62.

Bridgeline Digital Price Performance

The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.02. The company has a 50 day moving average of $0.83 and a 200-day moving average of $1.08. The firm has a market capitalization of $11.61 million, a P/E ratio of -4.39 and a beta of 0.82.

Bridgeline Digital (NASDAQ:BLIN) last posted its quarterly earnings data on Thursday, February 12th. The software maker reported ($0.01) earnings per share for the quarter, hitting the consensus estimate of ($0.01). Bridgeline Digital had a negative return on equity of 19.87% and a negative net margin of 12.71%.The firm had revenue of $3.91 million for the quarter, compared to analysts’ expectations of $4.30 million. On average, sell-side analysts predict that Bridgeline Digital, Inc. will post -0.15 EPS for the current year.

Institutional Trading of Bridgeline Digital

Several hedge funds and other institutional investors have recently bought and sold shares of BLIN. Lido Advisors LLC bought a new stake in Bridgeline Digital in the 4th quarter valued at about $48,000. DRW Securities LLC bought a new position in shares of Bridgeline Digital during the fourth quarter worth approximately $45,000. Finally, Citadel Advisors LLC bought a new position in shares of Bridgeline Digital during the third quarter worth approximately $41,000. Institutional investors and hedge funds 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.