Wall Street Zen Downgrades Beeline (NASDAQ:BLNE) to Sell

Beeline (NASDAQ:BLNE) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

Several other research firms have also recently issued reports on BLNE. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Beeline in a report on Friday, March 27th. LADENBURG THALM/SH SH raised shares of Beeline to a “strong-buy” rating in a report on Thursday, December 18th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

Beeline Price Performance

BLNE stock opened at $2.19 on Friday. The stock has a market capitalization of $67.12 million, a P/E ratio of -0.33 and a beta of 1.63. Beeline has a 1-year low of $0.62 and a 1-year high of $4.65. The business has a fifty day moving average price of $2.82 and a 200-day moving average price of $2.66.

Beeline (NASDAQ:BLNE) last released its quarterly earnings data on Tuesday, March 31st. The company reported ($0.14) EPS for the quarter. Beeline had a negative net margin of 242.70% and a negative return on equity of 35.87%. The business had revenue of $2.36 million for the quarter.

Hedge Funds Weigh In On Beeline

A number of institutional investors have recently bought and sold shares of BLNE. NewEdge Advisors LLC grew its holdings in Beeline by 2,932.2% during the third quarter. NewEdge Advisors LLC now owns 1,121,900 shares of the company’s stock valued at $4,443,000 after purchasing an additional 1,084,900 shares during the period. Vanguard Group Inc. bought a new position in shares of Beeline in the third quarter worth about $1,330,000. Geode Capital Management LLC raised its stake in shares of Beeline by 71.4% in the fourth quarter. Geode Capital Management LLC now owns 254,603 shares of the company’s stock worth $438,000 after buying an additional 106,088 shares during the period. XTX Topco Ltd purchased a new position in shares of Beeline during the 4th quarter valued at about $137,000. Finally, Scientech Research LLC purchased a new position in shares of Beeline during the 3rd quarter valued at about $89,000. 0.58% of the stock is owned by institutional investors.

About Beeline

Beeline Holdings, Inc is a mortgage fintech company that provides a digital, AI-powered lending and title platform designed to streamline the home loan process. Headquartered in Providence, Rhode Island, Beeline aims to make mortgages simpler and faster by combining technology with an end-to-end approach across origination and title services. The company focuses on improving efficiency and transparency for homebuyers and homeowners, supporting broader access to financial flexibility through property ownership.