Bridgeline Digital, Inc. (NASDAQ:BLIN) Director Acquires $10,000.08 in Stock

Bridgeline Digital, Inc. (NASDAQ:BLIN) Director Joni Kahn acquired 6,579 shares of the company’s stock in a transaction that occurred on Wednesday, March 26th. The shares were acquired at an average price of $1.52 per share, for a total transaction of $10,000.08. Following the purchase, the director now owns 6,579 shares of the company’s stock, valued at $10,000.08. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Bridgeline Digital Trading Up 0.7 %

Shares of NASDAQ:BLIN opened at $1.47 on Monday. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.02. The company’s 50-day moving average price is $1.62 and its 200 day moving average price is $1.41. The company has a market cap of $15.35 million, a PE ratio of -7.74 and a beta of 1.85. Bridgeline Digital, Inc. has a fifty-two week low of $0.76 and a fifty-two week high of $2.80.

Bridgeline Digital (NASDAQ:BLIN) last released its quarterly earnings results on Thursday, February 13th. The software maker reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). Bridgeline Digital had a negative net margin of 12.82% and a negative return on equity of 15.38%. Sell-side analysts anticipate that Bridgeline Digital, Inc. will post -0.15 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Westpark Capital raised Bridgeline Digital from a “hold” rating to a “buy” rating and set a $4.62 target price for the company in a report on Friday, February 14th. StockNews.com upgraded Bridgeline Digital from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th.

Institutional Trading of Bridgeline Digital

Several hedge funds have recently added to or reduced their stakes in the business. Jane Street Group LLC bought a new position in shares of Bridgeline Digital in the fourth quarter worth $31,000. Geode Capital Management LLC lifted its holdings in Bridgeline Digital by 33.8% in the fourth quarter. Geode Capital Management LLC now owns 90,340 shares of the software maker’s stock worth $143,000 after purchasing an additional 22,806 shares during the period. Finally, Renaissance Technologies LLC grew its position in Bridgeline Digital by 27.7% in the 4th quarter. Renaissance Technologies LLC now owns 130,904 shares of the software maker’s stock valued at $207,000 after buying an additional 28,375 shares in the last quarter. Institutional investors own 15.08% of the company’s stock.

Bridgeline Digital Company Profile

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.