Bridgeline Digital (NASDAQ:BLIN) Receives New Coverage from Analysts at StockNews.com

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

Separately, TheStreet cut Bridgeline Digital from a c- rating to a d rating in a research report on Wednesday, February 15th.

Bridgeline Digital Stock Down 1.9 %

Shares of Bridgeline Digital stock traded down $0.02 during midday trading on Friday, hitting $1.02. The company had a trading volume of 20,427 shares, compared to its average volume of 49,457. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.92 and a current ratio of 0.92. The stock has a market capitalization of $10.63 million, a P/E ratio of 102.10 and a beta of 2.22. The company has a 50 day moving average of $1.10 and a 200 day moving average of $1.25. Bridgeline Digital has a 52-week low of $0.97 and a 52-week high of $2.18.

Bridgeline Digital (NASDAQ:BLIN – Get Rating) last posted its quarterly earnings results on Tuesday, December 20th. The software maker reported ($0.05) earnings per share for the quarter. Bridgeline Digital had a return on equity of 0.95% and a net margin of 1.17%. The company had revenue of $4.21 million during the quarter, compared to analysts’ expectations of $4.18 million. On average, equities analysts predict that Bridgeline Digital will post -0.12 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Bridgeline Digital news, CEO Roger E. Kahn bought 28,212 shares of the firm’s stock in a transaction on Friday, March 10th. The stock was acquired at an average price of $1.08 per share, with a total value of $30,468.96. Following the transaction, the chief executive officer now owns 757,228 shares in the company, valued at $817,806.24. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Bridgeline Digital news, CEO Roger E. Kahn bought 28,212 shares of the firm’s stock in a transaction on Friday, March 10th. The stock was acquired at an average price of $1.08 per share, with a total value of $30,468.96. Following the transaction, the chief executive officer now owns 757,228 shares in the company, valued at $817,806.24. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Roger E. Kahn purchased 60,659 shares of Bridgeline Digital stock in a transaction dated Wednesday, March 8th. The shares were acquired at an average cost of $1.14 per share, with a total value of $69,151.26. Following the transaction, the chief executive officer now directly owns 728,111 shares in the company, valued at $830,046.54. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 110,777 shares of company stock valued at $122,580. 6.24% of the stock is owned by insiders.

Institutional Investors Weigh In On Bridgeline Digital

A hedge fund recently raised its stake in Bridgeline Digital stock. Renaissance Technologies LLC grew its holdings in shares of Bridgeline Digital, Inc. (NASDAQ:BLIN – Get Rating) by 28.5% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 326,200 shares of the software maker’s stock after purchasing an additional 72,341 shares during the quarter. Renaissance Technologies LLC owned approximately 3.23% of Bridgeline Digital worth $623,000 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 19.40% of the company’s stock.

About Bridgeline Digital

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Bridgeline Digital, Inc is an information technology company. It engages in the development of web engagement management product platform and related digital solutions. The firm also enables its customers to maximize the performance of their mission critical websites, intranets, and online stores. Its platform provides Web Content Management, eCommerce, eMarketing, Social Media management, and Web Analytics.