Bridgeline Digital (NASDAQ:BLIN) Earns Buy Rating from Analysts at StockNews.com

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

Separately, Westpark Capital raised shares of Bridgeline Digital from a “hold” rating to a “buy” rating and set a $4.62 price objective for the company in a research note on Friday, February 14th.

Bridgeline Digital Stock Down 5.0%

Shares of BLIN opened at $1.81 on Thursday. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.62 and a quick ratio of 0.62. The stock has a market capitalization of $18.90 million, a price-to-earnings ratio of -9.53 and a beta of 1.18. Bridgeline Digital has a 1 year low of $0.76 and a 1 year high of $2.80. The business’s 50 day simple moving average is $1.63 and its 200-day simple moving average is $1.54.

Bridgeline Digital (NASDAQ:BLIN) last announced its quarterly earnings results on Thursday, February 13th. The software maker reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.01). Bridgeline Digital had a negative return on equity of 15.38% and a negative net margin of 12.82%. As a group, equities analysts expect that Bridgeline Digital will post -0.15 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Bridgeline Digital

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. XTX Topco Ltd purchased a new position in shares of Bridgeline Digital in the 1st quarter worth approximately $26,000. Jane Street Group LLC bought a new stake in Bridgeline Digital in the fourth quarter worth $31,000. Geode Capital Management LLC boosted its stake in Bridgeline Digital by 33.8% during the fourth quarter. Geode Capital Management LLC now owns 90,340 shares of the software maker’s stock worth $143,000 after buying an additional 22,806 shares during the period. Renaissance Technologies LLC boosted its stake in Bridgeline Digital by 27.7% during the fourth quarter. Renaissance Technologies LLC now owns 130,904 shares of the software maker’s stock worth $207,000 after buying an additional 28,375 shares during the period. Finally, Bard Associates Inc. bought a new position in Bridgeline Digital during the first quarter valued at $1,949,000. 15.08% of the stock is currently owned by hedge funds and other institutional investors.

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.