Beeline (NASDAQ:BLNE) Releases Earnings Results

Beeline (NASDAQ:BLNE) issued its quarterly earnings data on Friday. The company reported ($0.13) EPS for the quarter, Zacks reports. Beeline had a negative return on equity of 39.90% and a negative net margin of 234.55%.

Beeline Trading Down 9.0%

Shares of BLNE traded down $0.10 during trading hours on Friday, reaching $1.01. 814,116 shares of the stock traded hands, compared to its average volume of 334,792. Beeline has a 52-week low of $0.76 and a 52-week high of $4.65. The company’s 50-day moving average price is $1.09 and its two-hundred day moving average price is $1.89. The company has a market cap of $32.95 million, a P/E ratio of -1.31 and a beta of 1.25.

Wall Street Analyst Weigh In

BLNE has been the subject of several research reports. Wall Street Zen lowered shares of Beeline from a “hold” rating to a “sell” rating in a research report on Sunday, May 17th. Weiss Ratings downgraded shares of Beeline from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, June 5th. Finally, LADENBURG THALM/SH SH raised shares of Beeline to a “strong-buy” rating in a research report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Hedge Funds Weigh In On Beeline

Several large investors have recently made changes to their positions in the business. LPL Financial LLC bought a new stake in Beeline during the 4th quarter valued at approximately $29,000. Virtu Financial LLC purchased a new position in shares of Beeline in the fourth quarter worth $30,000. HRT Financial LP bought a new position in shares of Beeline during the fourth quarter worth $34,000. Centiva Capital LP bought a new stake in Beeline in the 3rd quarter valued at $46,000. Finally, Quadrature Capital Ltd bought a new stake in Beeline in the 4th quarter valued at $47,000. 0.58% of the stock is currently owned by hedge funds and other institutional investors.

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.