Beeline (NASDAQ:BLNE) Downgraded by Wall Street Zen to “Sell”

Wall Street Zen lowered shares of Beeline (NASDAQ:BLNE) from a hold rating to a sell rating in a research note released on Sunday.

A number of other research firms also recently weighed in on BLNE. LADENBURG THALM/SH SH raised shares of Beeline to a “strong-buy” rating in a research note on Wednesday, May 6th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Beeline in a research note on Friday, March 27th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Beeline has an average rating of “Moderate Buy”.

Beeline Stock Performance

NASDAQ BLNE opened at $1.08 on Friday. Beeline has a 1-year low of $0.62 and a 1-year high of $4.65. The company has a market capitalization of $33.10 million, a PE ratio of -0.16 and a beta of 1.36. The firm’s fifty day simple moving average is $2.26 and its 200-day simple moving average is $2.36.

Beeline (NASDAQ:BLNE) last posted its quarterly earnings results on Tuesday, March 31st. The company reported ($0.14) earnings per share for the quarter. Beeline had a negative return on equity of 38.98% and a negative net margin of 250.44%.The company had revenue of $2.36 million during the quarter. As a group, analysts predict that Beeline will post -0.01 EPS for the current year.

Hedge Funds Weigh In On Beeline

Hedge funds have recently bought and sold shares of the business. Waddell & Associates LLC increased its position in Beeline by 55.0% during the fourth quarter. Waddell & Associates LLC now owns 31,000 shares of the company’s stock worth $53,000 after buying an additional 11,000 shares during the last quarter. LPL Financial LLC acquired a new position in Beeline during the fourth quarter worth $29,000. Geode Capital Management LLC increased its position in Beeline by 71.4% during the fourth quarter. Geode Capital Management LLC now owns 254,603 shares of the company’s stock worth $438,000 after buying an additional 106,088 shares during the last quarter. Blue Owl Capital Holdings LP acquired a new position in Beeline during the fourth quarter worth $223,000. Finally, Perkins Capital Management Inc. acquired a new position in Beeline during the fourth quarter worth $421,000. 0.58% of the stock is owned by institutional investors and hedge funds.

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.