Beeline (NASDAQ:BLNE) Releases Earnings Results

Beeline (NASDAQ:BLNE) released its quarterly earnings results on Thursday. The company reported $999.00 EPS for the quarter, Zacks reports. Beeline had a negative net margin of 298.16% and a negative return on equity of 42.97%.

Beeline Stock Performance

Shares of Beeline stock remained flat at $1.75 on Thursday. 450,998 shares of the stock were exchanged, compared to its average volume of 813,906. The firm’s 50 day simple moving average is $2.31 and its 200 day simple moving average is $2.39. Beeline has a 12 month low of $0.62 and a 12 month high of $4.65. The stock has a market cap of $53.64 million, a price-to-earnings ratio of -0.26 and a beta of 1.36.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in BLNE. Creative Planning acquired a new stake in shares of Beeline in the 2nd quarter valued at $51,000. NewEdge Advisors LLC acquired a new position in shares of Beeline during the 2nd quarter worth $55,000. Vanguard Group Inc. bought a new stake in shares of Beeline during the 3rd quarter worth $1,330,000. Centiva Capital LP acquired a new stake in Beeline in the third quarter valued at about $46,000. Finally, Scientech Research LLC bought a new position in Beeline in the third quarter valued at about $89,000. 0.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on BLNE shares. LADENBURG THALM/SH SH raised shares of Beeline to a “strong-buy” rating in a report on Wednesday, May 6th. Wall Street Zen upgraded shares of Beeline from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Beeline in a research note on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

About Beeline

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.