Bridgeline Digital (NASDAQ:BLIN) Coverage Initiated at StockNews.com

StockNews.com started coverage on shares of Bridgeline Digital (NASDAQ:BLINGet Rating) in a research note issued to investors on Monday. The firm issued a hold rating on the software maker’s stock.

Separately, LADENBURG THALM/SH SH initiated coverage on shares of Bridgeline Digital in a report on Wednesday, September 7th. They issued a buy rating and a $4.50 price objective for the company.

Bridgeline Digital Trading Up 0.6 %

Bridgeline Digital stock opened at $1.66 on Monday. The firm has a 50 day simple moving average of $1.39 and a 200-day simple moving average of $1.47. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a market capitalization of $16.96 million, a PE ratio of -6.15 and a beta of 2.31. Bridgeline Digital has a 12-month low of $1.06 and a 12-month high of $4.57.

Bridgeline Digital (NASDAQ:BLINGet Rating) last posted its quarterly earnings data on Thursday, August 11th. The software maker reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.10. Bridgeline Digital had a net margin of 7.54% and a return on equity of 6.85%. During the same period in the previous year, the firm earned ($0.61) earnings per share. As a group, equities research analysts expect that Bridgeline Digital will post 0.09 EPS for the current fiscal year.

Insider Activity at Bridgeline Digital

In other Bridgeline Digital news, CEO Roger E. Kahn bought 39,818 shares of the business’s stock in a transaction that occurred on Tuesday, September 6th. The stock was acquired at an average cost of $1.36 per share, with a total value of $54,152.48. Following the completion of the purchase, the chief executive officer now directly owns 551,900 shares in the company, valued at $750,584. The purchase was disclosed in a filing with the SEC, which is accessible through this link. In other Bridgeline Digital news, CEO Roger E. Kahn bought 39,818 shares of the business’s stock in a transaction that occurred on Tuesday, September 6th. The stock was acquired at an average cost of $1.36 per share, with a total value of $54,152.48. Following the completion of the purchase, the chief executive officer now directly owns 551,900 shares in the company, valued at $750,584. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Roger E. Kahn bought 81,173 shares of the business’s stock in a transaction that occurred on Thursday, August 18th. The shares were acquired at an average cost of $1.38 per share, with a total value of $112,018.74. Following the completion of the purchase, the chief executive officer now owns 431,345 shares of the company’s stock, valued at $595,256.10. The disclosure for this purchase can be found here. Insiders acquired a total of 236,439 shares of company stock valued at $331,414 over the last ninety days. Insiders own 6.24% of the company’s stock.

Institutional Investors Weigh In On Bridgeline Digital

A hedge fund recently raised its stake in Bridgeline Digital stock. Renaissance Technologies LLC lifted its position in Bridgeline Digital, Inc. (NASDAQ:BLINGet Rating) by 28.5% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 326,200 shares of the software maker’s stock after acquiring an additional 72,341 shares during the quarter. Renaissance Technologies LLC owned approximately 3.23% of Bridgeline Digital worth $623,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 17.65% of the company’s stock.

About Bridgeline Digital

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Bridgeline Digital, Inc operates as a digital engagement company in the United States. The company's Bridgeline's Unbound platform enables companies and developers to create websites, web applications, and online stores. It offers Bridgeline Unbound Experience Manager, a marketing automation engine and content management system; Bridgeline Unbound Content Manager that enables non-technical users to create, edit, and publish content via a browser-based interface; and Bridgeline Unbound Commerce, an online B2B and B2C commerce solution that allows users to manage domestic and international commerce initiatives.

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