Bridgeline Digital, Inc. (NASDAQ:BLIN) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Tuesday. The firm currently has a $3.25 price target on the software maker’s stock. Zacks Investment Research‘s price objective indicates a potential upside of 20.61% from the company’s previous close.

According to Zacks, “Bridgeline Digital, Inc. is a digital engagement company. The Company’s Bridgeline’s iAPPS platform integrates Web Content Management, e-commerce, e-marketing, Social Media management and Web Analytics. The iAPPS suite of products include iAPPS Content Manager, iAPPS Commerce, iAPPS Marketier, iAPPS Analyzer, iAPPSds and iAPPS Social. Bridgeline Digital, Inc., formerly known as Bridgeline Software, Inc., is based in Burlington, Massachusetts. “

Separately, ValuEngine upgraded Bridgeline Digital from a “strong sell” rating to a “sell” rating in a research note on Monday.

Bridgeline Digital (BLIN) opened at 2.6946 on Tuesday. The company has a 50-day moving average price of $2.73 and a 200-day moving average price of $11.59. Bridgeline Digital has a one year low of $1.86 and a one year high of $25.50. The stock’s market cap is $11.32 million.

Bridgeline Digital (NASDAQ:BLIN) last posted its earnings results on Monday, August 14th. The software maker reported ($0.05) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.10) by $0.05. The company had revenue of $4.07 million for the quarter, compared to analyst estimates of $4.02 million. Bridgeline Digital had a negative return on equity of 9.85% and a negative net margin of 29.84%. On average, analysts anticipate that Bridgeline Digital will post ($0.43) earnings per share for the current year.

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In other Bridgeline Digital news, insider Roger E. Kahn acquired 18,975 shares of the company’s stock in a transaction dated Monday, August 21st. The shares were acquired at an average cost of $2.63 per share, for a total transaction of $49,904.25. Following the completion of the purchase, the insider now owns 659,869 shares of the company’s stock, valued at approximately $1,735,455.47. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 33.83% of the company’s stock.

Bridgeline Digital Company Profile

Bridgeline Digital, Inc is a digital engagement company. The Company’s iAPPS platform is a Web Engagement Management (WEM) platform that integrates Web Content Management, e-commerce, e-marketing, Social Media management and Web Analytics to help marketers deliver digital experiences that engage and convert their customers across all channels.

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