Bridgeline Digital (NASDAQ:BLIN) Rating Increased to Buy at StockNews.com

Bridgeline Digital (NASDAQ:BLIN) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Wednesday.

Separately, Westpark Capital raised Bridgeline Digital from a “hold” rating to a “buy” rating and set a $4.62 price objective on the stock in a report on Friday, February 14th.

Bridgeline Digital Trading Down 1.7 %

BLIN stock opened at $1.72 on Wednesday. Bridgeline Digital has a 1-year low of $0.76 and a 1-year high of $2.80. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.62 and a quick ratio of 0.62. The company has a market capitalization of $17.92 million, a price-to-earnings ratio of -9.05 and a beta of 1.88. The business has a 50 day simple moving average of $1.70 and a two-hundred day simple moving average of $1.30.

Bridgeline Digital (NASDAQ:BLIN) last posted its quarterly earnings results on Thursday, February 13th. The software maker reported ($0.06) earnings per share for the quarter, missing the consensus estimate 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 anticipate that Bridgeline Digital will post -0.15 EPS for the current fiscal year.

Institutional Trading of Bridgeline Digital

Several hedge funds have recently modified their holdings of BLIN. Renaissance Technologies LLC raised its holdings in shares of Bridgeline Digital by 27.7% during the 4th quarter. Renaissance Technologies LLC now owns 130,904 shares of the software maker’s stock worth $207,000 after acquiring an additional 28,375 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Bridgeline Digital by 33.8% during the 4th quarter. Geode Capital Management LLC now owns 90,340 shares of the software maker’s stock worth $143,000 after acquiring an additional 22,806 shares in the last quarter. Finally, Jane Street Group LLC purchased a new stake in shares of Bridgeline Digital during the 4th quarter worth approximately $31,000. 15.08% of the stock is 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.