Bridgeline Digital (NASDAQ:BLIN) Shares Pass Above 200-Day Moving Average – What’s Next?

Bridgeline Digital, Inc. (NASDAQ:BLIN)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.38 and traded as high as $1.50. Bridgeline Digital shares last traded at $1.50, with a volume of 19,939 shares changing hands.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. StockNews.com raised shares of Bridgeline Digital from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. Westpark Capital raised shares of Bridgeline Digital from a “hold” rating to a “buy” rating and set a $4.62 target price on the stock in a report on Friday, February 14th.

Bridgeline Digital Price Performance

The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.02. The firm has a market cap of $15.66 million, a price-to-earnings ratio of -7.89 and a beta of 1.85. The company’s 50-day moving average is $1.69 and its 200-day moving average is $1.38.

Bridgeline Digital (NASDAQ:BLIN) last posted its quarterly earnings results on Thursday, February 13th. The software maker reported ($0.06) earnings per share (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%. Equities research analysts predict that Bridgeline Digital, Inc. will post -0.15 earnings per share for the current year.

Institutional Trading of Bridgeline Digital

Hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC acquired a new stake in Bridgeline Digital in the fourth quarter valued at approximately $31,000. Geode Capital Management LLC boosted its position in Bridgeline Digital by 33.8% in the fourth 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 in the last quarter. Finally, Renaissance Technologies LLC lifted its holdings 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. Institutional investors and hedge funds 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.