Bridgeline Digital (NASDAQ:BLIN) Coverage Initiated at StockNews.com

Posted by Defense World Staff on May 5th, 2023

Equities researchers at StockNews.com initiated coverage on shares of Bridgeline Digital (NASDAQ:BLIN – Get Rating) in a report issued on Friday. 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 research note on Wednesday, February 15th.

Bridgeline Digital Stock Performance

Shares of BLIN opened at $0.88 on Friday. The business’s 50-day moving average price is $0.96 and its 200-day moving average price is $1.13. Bridgeline Digital has a twelve month low of $0.87 and a twelve month high of $1.68. The stock has a market cap of $9.17 million, a PE ratio of 88.00 and a beta of 2.25. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.03.

Bridgeline Digital (NASDAQ:BLIN – Get Rating) last announced its quarterly earnings results on Tuesday, February 14th. The software maker reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.03. Bridgeline Digital had a return on equity of 0.95% and a net margin of 1.17%. The firm had revenue of $4.08 million for the quarter, compared to analysts’ expectations of $4.24 million. On average, equities analysts forecast that Bridgeline Digital will post -0.12 EPS for the current fiscal year.

Insider Buying and Selling

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

Institutional Inflows and Outflows

An institutional investor recently raised its position in Bridgeline Digital stock. Renaissance Technologies LLC grew its position in Bridgeline Digital, Inc. (NASDAQ:BLIN – Get Rating) by 28.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (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 3.23% of Bridgeline Digital worth $623,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 19.40% of the stock is currently owned by hedge funds and other institutional investors.

Bridgeline Digital Company Profile

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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.