Bridgeline Digital (NASDAQ:BLIN) Posts Earnings Results, Beats Expectations By $0.03 EPS

Bridgeline Digital (NASDAQ:BLIN) released its quarterly earnings results on Thursday. The software maker reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.03, Zacks reports. Bridgeline Digital had a negative return on equity of 25.79% and a negative net margin of 16.81%.

Bridgeline Digital Trading Up 3.2%

Shares of NASDAQ:BLIN traded up $0.03 during trading on Thursday, reaching $0.98. The stock had a trading volume of 92,255 shares, compared to its average volume of 93,474. Bridgeline Digital has a 52 week low of $0.90 and a 52 week high of $2.80. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.77 and a current ratio of 0.77. The firm’s fifty day moving average is $1.15 and its 200 day moving average is $1.34. The stock has a market cap of $11.87 million, a price-to-earnings ratio of -3.63 and a beta of 0.73.

Institutional Trading of Bridgeline Digital

An institutional investor recently bought a new position in Bridgeline Digital stock. Citadel Advisors LLC acquired a new position in Bridgeline Digital, Inc. (NASDAQ:BLIN) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 31,069 shares of the software maker’s stock, valued at approximately $41,000. Citadel Advisors LLC owned approximately 0.26% of Bridgeline Digital at the end of the most recent quarter. 15.08% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on BLIN shares. Zacks Research raised shares of Bridgeline Digital from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 19th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Bridgeline Digital in a report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $4.62.

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.