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

StockNews.com assumed coverage on shares of Bridgeline Digital (NASDAQ:BLIN) in a report released on Thursday. The firm issued a hold rating on the software maker’s stock.

Bridgeline Digital Trading Down 0.9 %

Shares of BLIN stock opened at $1.16 on Thursday. The stock’s fifty day simple moving average is $0.95 and its 200 day simple moving average is $0.85. Bridgeline Digital has a twelve month low of $0.70 and a twelve month high of $1.43. The firm has a market capitalization of $12.09 million, a P/E ratio of -1.22 and a beta of 2.09. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.04.

Bridgeline Digital (NASDAQ:BLIN) last released its quarterly earnings results on Wednesday, February 14th. The software maker reported ($0.06) EPS for the quarter, meeting analysts’ consensus estimates of ($0.06). Bridgeline Digital had a negative return on equity of 64.91% and a negative net margin of 64.13%. The firm had revenue of $3.76 million for the quarter, compared to analyst estimates of $3.78 million. As a group, sell-side analysts predict that Bridgeline Digital will post -0.2 EPS for the current fiscal year.

Institutional Investors Weigh In On Bridgeline Digital

An institutional investor recently raised its position in Bridgeline Digital stock. Renaissance Technologies LLC raised its stake in Bridgeline Digital, Inc. (NASDAQ:BLIN) by 28.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 326,200 shares of the software maker’s stock after buying an additional 72,341 shares during the period. Renaissance Technologies LLC owned about 3.23% of Bridgeline Digital worth $623,000 as of its most recent SEC filing. 15.08% of the stock is currently owned by hedge funds and other 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.