Beeline Holdings, Inc. (NASDAQ:BLNE) Director Joseph David Freedman Buys 35,000 Shares of Stock

Beeline Holdings, Inc. (NASDAQ:BLNE) Director Joseph David Freedman purchased 35,000 shares of the firm’s stock in a transaction dated Monday, June 16th. The shares were acquired at an average cost of $0.69 per share, with a total value of $24,150.00. Following the completion of the purchase, the director now directly owns 140,920 shares in the company, valued at approximately $97,234.80. This represents a 33.04% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Joseph David Freedman also recently made the following trade(s):

• On Tuesday, June 17th, Joseph David Freedman purchased 15,000 shares of Beeline stock. The shares were acquired at an average cost of $0.67 per share, with a total value of $10,050.00.
• On Wednesday, April 16th, Joseph David Freedman purchased 15,251 shares of Beeline stock. The shares were acquired at an average cost of $1.17 per share, with a total value of $17,843.67.

Beeline Stock Up 9.0%

Shares of BLNE opened at $0.72 on Wednesday. The company has a market cap of $6.54 million, a PE ratio of -0.02 and a beta of 1.07. Beeline Holdings, Inc. has a twelve month low of $0.62 and a twelve month high of $29.80. The business’s 50 day simple moving average is $1.16.

Beeline (NASDAQ:BLNE) last issued its quarterly earnings results on Tuesday, May 20th. The company reported ($6.14) earnings per share for the quarter. Beeline had a negative return on equity of 53.34% and a negative net margin of 74.63%. The business had revenue of $1.83 million for the quarter.

Hedge Funds Weigh In On Beeline

A hedge fund recently bought a new stake in Beeline stock. EMG Holdings L.P. bought a new stake in Beeline Holdings, Inc. (NASDAQ:BLNE) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 195,780 shares of the company’s stock, valued at approximately $360,000. Beeline makes up 0.2% of EMG Holdings L.P.’s holdings, making the stock its 18th biggest position. EMG Holdings L.P. owned about 2.35% of Beeline as of its most recent SEC filing. Institutional investors own 0.58% of the company’s stock.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of Beeline from a “sell” rating to a “hold” rating in a research note on Saturday, May 24th.

About Beeline

Eastside Distilling, Inc manufactures, acquires, blends, bottles, imports, exports, markets, and sells various alcoholic beverages. It operates through two segments, Spirits and Craft Canning and Bottling. The company provides whiskey under the Burnside Whiskey brand; vodka under the Portland Potato Vodka brand; rum under the Hue-Hue Coffee Rum brand; and tequila under the Azuñia Tequila brand.