Bridgeline Digital (NASDAQ:BLIN) Downgraded to “Strong Sell” Rating by Zacks Research

Bridgeline Digital (NASDAQ:BLIN) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Tuesday,Zacks.com reports.

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Bridgeline Digital in a report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $4.62.

Bridgeline Digital Stock Performance

NASDAQ:BLIN opened at $1.28 on Tuesday. The stock has a market cap of $15.50 million, a P/E ratio of -4.74 and a beta of 0.83. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.02. The stock’s 50-day moving average is $1.36 and its 200-day moving average is $1.50. Bridgeline Digital has a 1-year low of $1.04 and a 1-year high of $2.80.

Bridgeline Digital (NASDAQ:BLIN) last released its quarterly earnings results on Thursday, August 14th. The software maker reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.02). The firm had revenue of $3.85 million for the quarter, compared to the consensus estimate of $3.97 million. Bridgeline Digital had a negative return on equity of 25.79% and a negative net margin of 16.81%. Equities research analysts anticipate that Bridgeline Digital will post -0.15 earnings per share for the current year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Bridgeline Digital stock. Bard Associates Inc. purchased a new stake in shares of Bridgeline Digital, Inc. (NASDAQ:BLIN) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,317,194 shares of the software maker’s stock, valued at approximately $1,949,000. Bard Associates Inc. owned about 12.61% of Bridgeline Digital at the end of the most recent reporting period. 15.08% of the stock is currently owned by hedge funds and other institutional investors.

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.