Bridgeline Digital, Inc. (BLIN) Posts Earnings Results, Beats Expectations By $0.05 EPS
Bridgeline Digital, Inc. (NASDAQ:BLIN) released its quarterly earnings results on Monday. The software maker reported ($0.05) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.10) by $0.05, Bloomberg Earnings reports. The company had revenue of $4.07 million for the quarter, compared to analysts’ expectations of $4.02 million. Bridgeline Digital had a negative return on equity of 26.85% and a negative net margin of 41.60%.
Shares of Bridgeline Digital (BLIN) opened at 2.3009 on Tuesday. Bridgeline Digital has a 12-month low of $1.86 and a 12-month high of $5.10. The stock’s 50 day moving average price is $7.49 and its 200-day moving average price is $2.44. The company’s market cap is $9.65 million.
A number of equities research analysts have recently weighed in on the company. ValuEngine raised Bridgeline Digital from a “sell” rating to a “hold” rating in a report on Tuesday, July 25th. Zacks Investment Research cut Bridgeline Digital from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st.
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In other news, insider Roger E. Kahn acquired 62,730 shares of the firm’s stock in a transaction on Friday, June 9th. The shares were purchased at an average cost of $0.60 per share, with a total value of $37,638.00. Following the completion of the purchase, the insider now owns 605,574 shares of the company’s stock, valued at $363,344.40. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 33.83% of the stock is currently owned by corporate insiders.
About Bridgeline Digital
Bridgeline Digital, Inc is a digital engagement company. The Company’s iAPPS platform is a Web Engagement Management (WEM) platform that integrates Web Content Management, e-commerce, e-marketing, Social Media management and Web Analytics to help marketers deliver digital experiences that engage and convert their customers across all channels.
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