Bridgeline Digital (NASDAQ:BLIN) Coverage Initiated by Analysts at started coverage on shares of Bridgeline Digital (NASDAQ:BLINFree Report) in a report published on Thursday. The firm issued a hold rating on the software maker’s stock.

Bridgeline Digital Stock Down 2.0 %

BLIN stock opened at $0.78 on Thursday. The company has a fifty day moving average price of $0.81 and a 200 day moving average price of $0.86. Bridgeline Digital has a 12 month low of $0.70 and a 12 month high of $1.43. The company has a market cap of $8.08 million, a price-to-earnings ratio of -0.86 and a beta of 1.99. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.77 and a quick ratio of 0.77.

Bridgeline Digital (NASDAQ:BLINGet Free Report) last released its quarterly earnings results on Wednesday, December 27th. The software maker reported ($0.77) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.71). Bridgeline Digital had a negative net margin of 59.40% and a negative return on equity of 53.26%. The business had revenue of $3.80 million during the quarter, compared to analysts’ expectations of $3.83 million. Sell-side analysts expect that Bridgeline Digital will post -0.2 earnings per share for the current year.

Hedge Funds Weigh In On Bridgeline Digital

A hedge fund recently bought a new stake in Bridgeline Digital stock. Kestra Private Wealth Services LLC acquired a new position in shares of Bridgeline Digital, Inc. (NASDAQ:BLINFree Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 70,000 shares of the software maker’s stock, valued at approximately $83,000. Kestra Private Wealth Services LLC owned about 0.67% of Bridgeline Digital as of its most recent filing with the SEC. 27.21% of the stock is owned by hedge funds and other institutional investors.

About Bridgeline Digital

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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.

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