Bridgeline Digital (NASDAQ:BLIN) Stock Price Passes Below 200 Day Moving Average – Here’s What Happened

Shares of Bridgeline Digital, Inc. (NASDAQ:BLIN) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.04 and traded as low as $0.85. Bridgeline Digital shares last traded at $0.86, with a volume of 21,166 shares trading hands.

Analyst Ratings Changes

Several research firms have recently weighed in on BLIN. Weiss Ratings restated a “sell (d-)” rating on shares of Bridgeline Digital in a research note on Wednesday, January 21st. Westpark Capital reiterated a “buy” rating and issued a $4.62 target price on shares of Bridgeline Digital in a research note on Friday, December 19th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Bridgeline Digital has an average rating of “Hold” and an average price target of $4.62.

Bridgeline Digital Stock Performance

The stock has a market capitalization of $10.84 million, a price-to-earnings ratio of -4.10 and a beta of 0.82. The company’s fifty day simple moving average is $0.84 and its 200 day simple moving average is $1.04. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.02.

Bridgeline Digital (NASDAQ:BLIN) last posted its earnings results on Thursday, February 12th. The software maker reported ($0.01) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.01). The company had revenue of $3.91 million during the quarter, compared to analysts’ expectations of $4.30 million. Bridgeline Digital had a negative net margin of 12.71% and a negative return on equity of 19.87%. On average, equities research analysts expect that Bridgeline Digital, Inc. will post -0.15 earnings per share for the current year.

Institutional Investors Weigh In On Bridgeline Digital

Several hedge funds have recently bought and sold shares of the stock. Lido Advisors LLC acquired a new stake in Bridgeline Digital during the fourth quarter worth approximately $48,000. DRW Securities LLC acquired a new position in shares of Bridgeline Digital in the fourth quarter valued at approximately $45,000. Finally, Citadel Advisors LLC acquired a new position in shares of Bridgeline Digital in the third quarter valued at approximately $41,000. 15.08% of the stock is currently owned by institutional investors and hedge funds.

About Bridgeline Digital

Bridgeline Digital, Inc is a software-as-a-service company that delivers digital experience management solutions to mid-market and enterprise organizations. The company’s core offering, the LX Platform, integrates content management, e-commerce, customer portals and digital marketing tools into a unified cloud-based environment. Bridgeline’s platform is designed to help businesses streamline the delivery of personalized content and commerce capabilities across web, mobile and other channels.

The LX Platform features modules for web content creation, online storefront management, customer self-service portals and marketing automation.