Bridgeline Digital (NASDAQ:BLIN) Now Covered by StockNews.com

Investment analysts at StockNews.com started coverage on shares of Bridgeline Digital (NASDAQ:BLIN) in a report released on Thursday. The firm set a “buy” rating on the software maker’s stock.

Separately, Westpark Capital upgraded shares of Bridgeline Digital from a “hold” rating to a “buy” rating and set a $4.62 price target for the company in a report on Friday, February 14th.

Bridgeline Digital Stock Up 2.4%

BLIN stock opened at $1.91 on Thursday. The company’s 50-day moving average price is $1.62 and its 200 day moving average price is $1.53. The company has a market cap of $19.90 million, a P/E ratio of -10.03 and a beta of 1.18. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.02. Bridgeline Digital has a 52 week low of $0.76 and a 52 week high of $2.80.

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

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. XTX Topco Ltd purchased a new stake in shares of Bridgeline Digital in the first quarter valued at $26,000. Jane Street Group LLC acquired a new stake in Bridgeline Digital in the 4th quarter worth about $31,000. Geode Capital Management LLC grew its holdings in Bridgeline Digital by 33.8% in the 4th quarter. Geode Capital Management LLC now owns 90,340 shares of the software maker’s stock valued at $143,000 after buying an additional 22,806 shares during the period. Renaissance Technologies LLC increased its stake in shares of Bridgeline Digital by 27.7% during the 4th quarter. Renaissance Technologies LLC now owns 130,904 shares of the software maker’s stock valued at $207,000 after acquiring an additional 28,375 shares during the last quarter. Finally, Bard Associates Inc. acquired a new position in shares of Bridgeline Digital during the 1st quarter valued at about $1,949,000. Hedge funds and other institutional investors own 15.08% of the company’s stock.

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.