Bridgeline Digital (NASDAQ:BLIN) Stock Rating Upgraded by Westpark Capital

Bridgeline Digital (NASDAQ:BLIN) was upgraded by Westpark Capital from a “hold” rating to a “buy” rating in a report released on Friday,Benzinga reports. The firm presently has a $4.62 target price on the software maker’s stock. Westpark Capital’s price target would indicate a potential upside of 164.00% from the stock’s current price.

Separately, StockNews.com lowered shares of Bridgeline Digital from a “buy” rating to a “hold” rating in a report on Tuesday, February 11th.

Bridgeline Digital Price Performance

BLIN stock opened at $1.75 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.62 and a current ratio of 0.62. Bridgeline Digital has a 52 week low of $0.75 and a 52 week high of $2.80. The firm’s fifty day moving average is $1.70 and its 200 day moving average is $1.29. The firm has a market cap of $18.24 million, a P/E ratio of -9.21 and a beta of 1.88.

Bridgeline Digital (NASDAQ:BLIN) last announced its quarterly earnings results on Thursday, February 13th. The software maker reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). Bridgeline Digital had a negative return on equity of 14.75% and a negative net margin of 12.77%. Research analysts predict that Bridgeline Digital will post -0.15 earnings per share for the current year.

Institutional Investors Weigh In On Bridgeline Digital

A number of large investors have recently added to or reduced their stakes in BLIN. Jane Street Group LLC purchased a new stake in shares of Bridgeline Digital in the 4th quarter worth about $31,000. Geode Capital Management LLC lifted its position in shares of Bridgeline Digital by 33.8% in the 4th quarter. Geode Capital Management LLC now owns 90,340 shares of the software maker’s stock worth $143,000 after purchasing an additional 22,806 shares during the period. Finally, Renaissance Technologies LLC lifted its position in shares of Bridgeline Digital by 27.7% in the 4th quarter. Renaissance Technologies LLC now owns 130,904 shares of the software maker’s stock worth $207,000 after purchasing an additional 28,375 shares during the period. Institutional investors own 15.08% of the company’s stock.

Bridgeline Digital Company Profile

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.