Beeline (NASDAQ:BLNE) Trading 7.6% Higher – Still a Buy?

Beeline Holdings, Inc. (NASDAQ:BLNE)’s stock price traded up 7.6% on Monday . The stock traded as high as $1.29 and last traded at $1.27. 242,618 shares changed hands during mid-day trading, a decline of 60% from the average session volume of 601,492 shares. The stock had previously closed at $1.18.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Weiss Ratings downgraded shares of Beeline from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, June 5th. Wall Street Zen downgraded shares of Beeline from a “hold” rating to a “sell” rating in a research report on Sunday, May 17th. Finally, LADENBURG THALM/SH SH upgraded shares of Beeline to a “strong-buy” rating in a research report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Beeline Stock Performance

The stock has a market cap of $37.73 million, a price-to-earnings ratio of -1.57 and a beta of 1.29. The company’s 50 day simple moving average is $1.65 and its 200 day simple moving average is $2.22.

Beeline (NASDAQ:BLNE) last released its earnings results on Tuesday, March 31st. The company reported ($0.14) EPS for the quarter. The company had revenue of $2.36 million for the quarter. Beeline had a negative net margin of 234.55% and a negative return on equity of 39.90%. Sell-side analysts predict that Beeline Holdings, Inc. will post -0.01 EPS for the current year.

Hedge Funds Weigh In On Beeline

Large investors have recently bought and sold shares of the stock. XTX Topco Ltd acquired a new position in Beeline during the 4th quarter valued at about $137,000. Scientech Research LLC acquired a new position in Beeline during the 3rd quarter valued at about $89,000. NewEdge Advisors LLC acquired a new position in shares of Beeline in the 2nd quarter worth approximately $55,000. Creative Planning acquired a new position in shares of Beeline in the 2nd quarter worth approximately $51,000. Finally, Centiva Capital LP acquired a new position in shares of Beeline in the 3rd quarter worth approximately $46,000. Institutional investors and hedge funds own 0.58% of the company’s stock.

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.