Insider Buying: Beeline (NASDAQ:BLNE) CFO Purchases 10,000 Shares of Stock

Beeline Holdings, Inc. (NASDAQ:BLNEGet Free Report) CFO Christopher Moe purchased 10,000 shares of the business’s stock in a transaction on Tuesday, May 19th. The shares were bought at an average cost of $1.04 per share, for a total transaction of $10,400.00. Following the completion of the transaction, the chief financial officer directly owned 50,000 shares in the company, valued at $52,000. This trade represents a 25.00% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link.

Beeline Trading Down 1.9%

Shares of NASDAQ BLNE traded down $0.02 during trading on Tuesday, reaching $1.02. 659,563 shares of the company traded hands, compared to its average volume of 853,841. The stock has a market cap of $31.26 million, a P/E ratio of -0.15 and a beta of 1.36. The firm’s fifty day simple moving average is $2.22 and its 200 day simple moving average is $2.35. Beeline Holdings, Inc. has a 12-month low of $0.62 and a 12-month high of $4.65.

Beeline (NASDAQ:BLNEGet Free Report) last issued its earnings results on Tuesday, March 31st. The company reported ($0.14) EPS for the quarter. Beeline had a negative return on equity of 38.98% and a negative net margin of 250.44%.The company had revenue of $2.36 million during the quarter. As a group, research analysts expect that Beeline Holdings, Inc. will post -0.01 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. LPL Financial LLC acquired a new stake in shares of Beeline in the 4th quarter worth $29,000. Virtu Financial LLC acquired a new stake in shares of Beeline in the 4th quarter worth $30,000. Manchester Financial Inc. acquired a new stake in shares of Beeline in the 4th quarter worth $31,000. GRIMES & Co WEALTH MANAGEMENT LLC acquired a new stake in shares of Beeline in the 4th quarter worth $32,000. Finally, HRT Financial LP acquired a new stake in shares of Beeline in the 4th quarter worth $34,000. 0.58% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. LADENBURG THALM/SH SH raised shares of Beeline to a “strong-buy” rating in a report on Wednesday, May 6th. Weiss Ratings reissued a “sell (d-)” rating on shares of Beeline in a report on Friday, March 27th. Finally, Wall Street Zen cut shares of Beeline from a “hold” rating to a “sell” rating in a report on Sunday. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Beeline currently has a consensus rating of “Moderate Buy”.

Get Our Latest Stock Analysis on Beeline

Beeline Company Profile

(Get Free Report)

Beeline Holdings, Inc is a mortgage fintech company that provides a digital, AI-powered lending and title platform designed to streamline the home loan process. Headquartered in Providence, Rhode Island, Beeline aims to make mortgages simpler and faster by combining technology with an end-to-end approach across origination and title services. The company focuses on improving efficiency and transparency for homebuyers and homeowners, supporting broader access to financial flexibility through property ownership.

Further Reading

Insider Buying and Selling by Quarter for Beeline (NASDAQ:BLNE)

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