Bridgeline Digital (NASDAQ:BLIN) Share Price Passes Above 200 Day Moving Average – Here’s What Happened

Bridgeline Digital, Inc. (NASDAQ:BLIN) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $1.40 and traded as high as $1.52. Bridgeline Digital shares last traded at $1.50, with a volume of 33,065 shares changing hands.

Wall Street Analysts Forecast Growth

Several research firms have commented on BLIN. StockNews.com raised shares of Bridgeline Digital from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th. Westpark Capital upgraded shares of Bridgeline Digital from a “hold” rating to a “buy” rating and set a $4.62 price objective on the stock in a research note on Friday, February 14th.

Bridgeline Digital Stock Up 4.2 %

The stock has a 50 day moving average price of $1.64 and a 200 day moving average price of $1.40. The company has a market cap of $15.66 million, a P/E ratio of -7.89 and a beta of 1.85. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.62 and a current ratio of 0.62.

Bridgeline Digital (NASDAQ:BLIN) last issued its quarterly earnings results on Thursday, February 13th. The software maker reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.01). Bridgeline Digital had a negative return on equity of 15.38% and a negative net margin of 12.82%. Research analysts expect that Bridgeline Digital, Inc. will post -0.15 earnings per share for the current fiscal year.

Institutional Trading of Bridgeline Digital

Large investors have recently added to or reduced their stakes in the business. Jane Street Group LLC bought a new position in shares of Bridgeline Digital in the fourth quarter valued at $31,000. Geode Capital Management LLC grew its holdings in shares of Bridgeline Digital by 33.8% in the 4th quarter. Geode Capital Management LLC now owns 90,340 shares of the software maker’s stock worth $143,000 after acquiring an additional 22,806 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of Bridgeline Digital by 27.7% during the fourth quarter. Renaissance Technologies LLC now owns 130,904 shares of the software maker’s stock worth $207,000 after purchasing an additional 28,375 shares during the period. 15.08% of the stock is currently owned by institutional investors.

Bridgeline Digital Company Profile

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.