Bridgeline Digital (NASDAQ:BLIN) Share Price Crosses Above 200-Day Moving Average – Here’s Why

Bridgeline Digital, Inc. (NASDAQ:BLIN) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.94 and traded as high as $1.22. Bridgeline Digital shares last traded at $1.22, with a volume of 67,678 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Bridgeline Digital in a research note on Monday. One research 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.com, the stock has an average rating of “Hold” and a consensus price target of $4.62.

Bridgeline Digital Stock Up 1.7%

The stock has a market capitalization of $15.37 million, a P/E ratio of -8.13 and a beta of 1.00. The firm’s fifty day moving average is $1.10 and its 200-day moving average is $0.94. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.01.

Bridgeline Digital (NASDAQ:BLIN) last released its quarterly earnings results on Thursday, May 14th. The software maker reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.03). The business had revenue of $3.92 million for the quarter, compared to the consensus estimate of $4.55 million. Bridgeline Digital had a negative return on equity of 17.46% and a negative net margin of 10.75%.

Institutional Trading of Bridgeline Digital

Institutional investors and hedge funds have recently made changes to their positions in the business. DRW Securities LLC acquired a new position in Bridgeline Digital in the fourth quarter valued at about $45,000. Lido Advisors LLC bought a new position in Bridgeline Digital during the fourth quarter worth about $48,000. Citadel Advisors LLC acquired a new position in shares of Bridgeline Digital during the 3rd quarter worth about $41,000. Finally, Renaissance Technologies LLC grew its position in shares of Bridgeline Digital by 8.6% during the 1st quarter. Renaissance Technologies LLC now owns 158,729 shares of the software maker’s stock worth $127,000 after buying an additional 12,600 shares during the period. Institutional investors own 15.08% of the company’s stock.

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.