Bridgeline Digital (NASDAQ:BLIN) Earns Hold Rating from Analysts at StockNews.com

Investment analysts at StockNews.com assumed coverage on shares of Bridgeline Digital (NASDAQ:BLINGet Rating) in a research note issued on Monday. The brokerage set a “hold” rating on the software maker’s stock.

Separately, LADENBURG THALM/SH SH began coverage on Bridgeline Digital in a research report on Wednesday, September 7th. They set a “buy” rating and a $4.50 price objective for the company.

Bridgeline Digital Trading Up 0.6 %

Shares of Bridgeline Digital stock opened at $1.65 on Monday. The firm has a market cap of $16.86 million, a price-to-earnings ratio of -6.11 and a beta of 2.31. The business has a 50-day moving average price of $1.39 and a 200-day moving average price of $1.47. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.03. Bridgeline Digital has a twelve month low of $1.06 and a twelve month high of $4.57.

Bridgeline Digital (NASDAQ:BLINGet Rating) last issued its quarterly earnings data on Thursday, August 11th. The software maker reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.10. Bridgeline Digital had a return on equity of 6.64% and a net margin of 7.54%. During the same quarter last year, the business earned ($0.61) earnings per share. Equities research analysts anticipate 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 purchased 67,035 shares of the stock in a transaction that occurred on Tuesday, August 16th. The stock was purchased at an average price of $1.39 per share, with a total value of $93,178.65. Following the acquisition, the chief executive officer now owns 336,624 shares in the company, valued at $467,907.36. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Roger E. Kahn acquired 67,035 shares of the firm’s stock in a transaction on Tuesday, August 16th. The stock was acquired at an average price of $1.39 per share, with a total value of $93,178.65. Following the completion of the purchase, the chief executive officer now directly owns 336,624 shares in the company, valued at $467,907.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Roger E. Kahn acquired 39,818 shares of the firm’s stock in a transaction on Tuesday, September 6th. The stock was purchased at an average cost of $1.36 per share, with a total value of $54,152.48. Following the purchase, the chief executive officer now owns 551,900 shares of the company’s stock, valued at $750,584. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 236,439 shares of company stock valued at $331,414. Insiders own 6.24% of the company’s stock.

Institutional Trading of Bridgeline Digital

An institutional investor recently raised its position in Bridgeline Digital stock. Renaissance Technologies LLC lifted its stake in shares of Bridgeline Digital, Inc. (NASDAQ:BLINGet Rating) by 28.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm 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 at the end of the most recent reporting period. Institutional investors own 17.65% of the company’s stock.

Bridgeline Digital Company Profile

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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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