StockNews.com Downgrades Bridgeline Digital (NASDAQ:BLIN) to Hold

Bridgeline Digital (NASDAQ:BLIN) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Tuesday.

Separately, Westpark Capital restated a “hold” rating on shares of Bridgeline Digital in a research note on Tuesday, December 24th.

Bridgeline Digital Stock Performance

NASDAQ:BLIN opened at $2.06 on Tuesday. The company has a fifty day moving average of $1.66 and a 200-day moving average of $1.27. The firm has a market capitalization of $21.47 million, a P/E ratio of -10.84 and a beta of 1.88. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.02. Bridgeline Digital has a twelve month low of $0.75 and a twelve month high of $2.80.

Bridgeline Digital (NASDAQ:BLIN) last released its quarterly earnings data on Monday, December 23rd. The software maker reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.01. Bridgeline Digital had a negative net margin of 12.77% and a negative return on equity of 14.75%. During the same period last year, the company posted ($0.02) earnings per share. As a group, sell-side analysts anticipate that Bridgeline Digital will post -0.15 EPS for the current year.

Institutional Trading of Bridgeline Digital

A hedge fund recently raised its stake in Bridgeline Digital stock. Geode Capital Management LLC grew its position in Bridgeline Digital, Inc. (NASDAQ:BLIN) by 33.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 90,340 shares of the software maker’s stock after purchasing an additional 22,806 shares during the period. Geode Capital Management LLC owned about 0.87% of Bridgeline Digital worth $143,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 15.08% of the company’s stock.

About Bridgeline Digital

Bridgeline Digital, Inc operates as a marketing technology company in the United States, Canada, and internationally. The company offers HawkSearch, a site search, recommendation, and personalization application for marketers, merchandisers, and developers; Celebros Search, a commerce-oriented site search product that provides natural language processing with artificial intelligence; and Woorank, a Search Engine Optimization (SEO) audit tool that generates an instant performance audit of the site's technical, on-page, and off-page SEO.