Beeline (NASDAQ:BLNE) Posts Earnings Results

Beeline (NASDAQ:BLNE) issued its earnings results on Friday. The company reported ($0.13) EPS for the quarter, Zacks reports. Beeline had a negative net margin of 234.55% and a negative return on equity of 39.90%.

Beeline Trading Down 9.0%

Shares of BLNE traded down $0.10 during mid-day trading on Friday, reaching $1.01. 814,116 shares of the stock traded hands, compared to its average volume of 334,792. The stock has a fifty day simple moving average of $1.09 and a 200 day simple moving average of $1.89. Beeline has a 12-month low of $0.76 and a 12-month high of $4.65.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. LADENBURG THALM/SH SH raised shares of Beeline to a “strong-buy” rating in a research report on Wednesday, May 6th. Weiss Ratings cut Beeline from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, June 5th. Finally, Wall Street Zen downgraded Beeline from a “hold” rating to a “sell” rating in a research report on Sunday, May 17th. One analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company. According to MarketBeat, Beeline presently has an average rating of “Moderate Buy”.

Institutional Investors Weigh In On Beeline

Large investors have recently added to or reduced their stakes in the company. Creative Planning purchased a new stake in Beeline during the 2nd quarter worth $51,000. NewEdge Advisors LLC acquired a new stake in shares of Beeline during the second quarter valued at about $55,000. Vanguard Group Inc. acquired a new stake in shares of Beeline during the third quarter valued at about $1,330,000. Centiva Capital LP purchased a new stake in shares of Beeline during the third quarter worth about $46,000. Finally, Scientech Research LLC purchased a new stake in shares of Beeline during the third quarter worth about $89,000. 0.58% of the stock is owned by institutional investors and hedge funds.

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.