Bridgeline Digital (NASDAQ:BLIN) Now Covered by StockNews.com

Posted by on Apr 11th, 2023

Equities research analysts at StockNews.com assumed coverage on shares of Bridgeline Digital (NASDAQ:BLIN – Get Rating) in a research note issued on Tuesday. The firm set a “hold” rating on the software maker’s stock.

Separately, TheStreet lowered Bridgeline Digital from a “c-” rating to a “d” rating in a report on Wednesday, February 15th.

Bridgeline Digital Trading Down 0.6 %

BLIN opened at $0.88 on Tuesday. Bridgeline Digital has a fifty-two week low of $0.87 and a fifty-two week high of $1.88. The firm has a market capitalization of $9.19 million, a PE ratio of 88.31 and a beta of 2.25. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.92 and a quick ratio of 0.92. The company’s 50-day moving average is $1.04 and its 200 day moving average is $1.18.

Insider Activity

In other news, CEO Roger E. Kahn acquired 60,659 shares of the firm’s stock in a transaction on Wednesday, March 8th. The stock was purchased at an average price of $1.14 per share, for a total transaction of $69,151.26. Following the purchase, the chief executive officer now owns 728,111 shares in the company, valued at approximately $830,046.54. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CEO Roger E. Kahn purchased 28,212 shares of Bridgeline Digital stock in a transaction that occurred on Friday, March 10th. The stock was bought at an average price of $1.08 per share, for a total transaction of $30,468.96. Following the completion of the transaction, the chief executive officer now owns 757,228 shares in the company, valued at $817,806.24. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Roger E. Kahn bought 60,659 shares of the company’s stock in a transaction on Wednesday, March 8th. The stock was bought at an average price of $1.14 per share, for a total transaction of $69,151.26. Following the completion of the purchase, the chief executive officer now owns 728,111 shares of the company’s stock, valued at $830,046.54. The disclosure for this purchase can be found here. Insiders bought a total of 110,777 shares of company stock worth $122,580 over the last quarter. Insiders own 6.24% of the company’s stock.

Institutional Trading of Bridgeline Digital

An institutional investor recently raised its position in Bridgeline Digital stock. Renaissance Technologies LLC increased its position in Bridgeline Digital, Inc. (NASDAQ:BLIN – Get Rating) by 28.5% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 326,200 shares of the software maker’s stock after acquiring an additional 72,341 shares during the quarter. Renaissance Technologies LLC owned about 3.23% of Bridgeline Digital worth $623,000 as of its most recent SEC filing. 19.40% of the stock is owned by hedge funds and other institutional investors.

About Bridgeline Digital

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Bridgeline Digital, Inc is an information technology company. It engages in the development of web engagement management product platform and related digital solutions. The firm also enables its customers to maximize the performance of their mission critical websites, intranets, and online stores. Its platform provides Web Content Management, eCommerce, eMarketing, Social Media management, and Web Analytics.

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