Bridgeline Digital (NASDAQ:BLIN) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Bridgeline Digital (NASDAQ:BLIN) in a report issued on Sunday. The brokerage set a “hold” rating on the software maker’s stock.

Bridgeline Digital Stock Performance

Bridgeline Digital stock opened at $1.19 on Friday. The stock’s 50 day simple moving average is $1.09 and its two-hundred day simple moving average is $0.89. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.71 and a current ratio of 0.71. The stock has a market cap of $12.40 million, a price-to-earnings ratio of -1.25 and a beta of 2.10. Bridgeline Digital has a fifty-two week low of $0.70 and a fifty-two week high of $1.43.

Bridgeline Digital (NASDAQ:BLIN) last posted its quarterly earnings data on Wednesday, February 14th. The software maker reported ($0.06) earnings per share for the quarter, meeting the consensus estimate of ($0.06). The business had revenue of $3.76 million for the quarter, compared to analysts’ expectations of $3.78 million. Bridgeline Digital had a negative return on equity of 64.91% and a negative net margin of 64.13%. As a group, analysts expect that Bridgeline Digital will post -0.2 earnings per share for the current fiscal year.

Institutional Trading of Bridgeline Digital

A hedge fund recently raised its stake in Bridgeline Digital stock. Renaissance Technologies LLC lifted its stake in Bridgeline Digital, Inc. (NASDAQ:BLIN) by 28.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 326,200 shares of the software maker’s stock after purchasing an additional 72,341 shares during the quarter. Renaissance Technologies LLC owned about 3.23% of Bridgeline Digital worth $623,000 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 15.08% of the company’s stock.

About Bridgeline Digital

Bridgeline Digital, Inc operates as a marketing technology company in the United States, Canada, and internationally. The company offers HawkSearch, a site search, recommendation, and personalization application for marketers, merchandisers, and developers; Celebros Search, a commerce-oriented site search product that provides natural language processing with artificial intelligence; and Woorank, a Search Engine Optimization (SEO) audit tool that generates an instant performance audit of the site's technical, on-page, and off-page SEO.