Bridgeline Digital (NASDAQ:BLIN) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of Bridgeline Digital (NASDAQ:BLIN) in a research report report published on Saturday morning. The brokerage issued a hold rating on the software maker’s stock.

Bridgeline Digital Stock Performance

Shares of NASDAQ:BLIN opened at $1.23 on Friday. The company has a market capitalization of $12.82 million, a price-to-earnings ratio of -1.29 and a beta of 2.10. The firm’s 50 day simple moving average is $1.07 and its 200 day simple moving average is $0.89. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.71 and a quick ratio of 0.71. Bridgeline Digital has a fifty-two week low of $0.70 and a fifty-two week high of $1.43.

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

Institutional Trading of Bridgeline Digital

A hedge fund recently raised its stake in Bridgeline Digital stock. Renaissance Technologies LLC grew its holdings in Bridgeline Digital, Inc. (NASDAQ:BLIN) by 28.5% during the first quarter, according to its most recent disclosure 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 period. Renaissance Technologies LLC owned about 3.23% of Bridgeline Digital worth $623,000 at the end of the most recent quarter. 15.08% of the stock is currently owned by institutional investors and hedge funds.

About Bridgeline Digital

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.