Beeline (NASDAQ:BLNE) Upgraded at LADENBURG THALM/SH SH

LADENBURG THALM/SH SH upgraded shares of Beeline (NASDAQ:BLNE) to a strong-buy rating in a research report sent to investors on Wednesday,Zacks.com reports.

Other equities research analysts also recently issued research reports about the company. Weiss Ratings restated a “sell (d-)” rating on shares of Beeline in a report on Friday, March 27th. Wall Street Zen downgraded Beeline from a “hold” rating to a “sell” rating in a report on Saturday, April 4th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Beeline Stock Performance

Shares of BLNE stock opened at $1.92 on Wednesday. The company has a market cap of $58.84 million, a P/E ratio of -0.29 and a beta of 1.36. The stock has a 50 day simple moving average of $2.40 and a two-hundred day simple moving average of $2.43. Beeline has a fifty-two week low of $0.62 and a fifty-two week high of $4.65.

Beeline (NASDAQ:BLNE) last issued its earnings results on Tuesday, March 31st. The company reported ($0.14) earnings per share for the quarter. The business had revenue of $2.36 million during the quarter. Beeline had a negative return on equity of 42.97% and a negative net margin of 298.16%. On average, research analysts predict that Beeline will post -0.01 earnings per share for the current year.

Institutional Investors Weigh In On Beeline

Several hedge funds and other institutional investors have recently modified their holdings of BLNE. Creative Planning bought a new stake in shares of Beeline during the second quarter valued at approximately $51,000. NewEdge Advisors LLC bought a new stake in Beeline during the second quarter worth $55,000. Vanguard Group Inc. bought a new stake in Beeline during the third quarter worth $1,330,000. Waddell & Associates LLC grew its holdings in Beeline by 100.0% during the third quarter. Waddell & Associates LLC now owns 20,000 shares of the company’s stock worth $79,000 after buying an additional 10,000 shares in the last quarter. Finally, Centiva Capital LP bought a new stake in Beeline during the third quarter worth $46,000. Institutional investors own 0.58% of the company’s stock.

Beeline Company Profile

Beeline Holdings, Inc is a mortgage fintech company that provides a digital, AI-powered lending and title platform designed to streamline the home loan process. Headquartered in Providence, Rhode Island, Beeline aims to make mortgages simpler and faster by combining technology with an end-to-end approach across origination and title services. The company focuses on improving efficiency and transparency for homebuyers and homeowners, supporting broader access to financial flexibility through property ownership.