Bridgeline Digital (NASDAQ:BLIN) Shares Pass Above 200-Day Moving Average – What’s Next?

Bridgeline Digital, Inc. (NASDAQ:BLIN) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.38 and traded as high as $1.50. Bridgeline Digital shares last traded at $1.50, with a volume of 19,939 shares traded.

Analysts Set New Price Targets

BLIN has been the topic of several research reports. StockNews.com upgraded Bridgeline Digital from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th. Westpark Capital raised Bridgeline Digital from a “hold” rating to a “buy” rating and set a $4.62 target price for the company in a research report on Friday, February 14th.

Bridgeline Digital Stock Up 1.4 %

The firm has a market capitalization of $15.66 million, a price-to-earnings ratio of -7.89 and a beta of 1.85. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.02. The firm has a fifty day moving average price of $1.69 and a 200 day moving average price of $1.38.

Bridgeline Digital (NASDAQ:BLIN) last posted its quarterly earnings data 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 15.38% and a negative net margin of 12.82%. Sell-side analysts anticipate that Bridgeline Digital, Inc. will post -0.15 EPS for the current fiscal year.

Institutional Trading of Bridgeline Digital

Several institutional investors and hedge funds have recently made changes to their positions in the business. Renaissance Technologies LLC boosted its stake in 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. Geode Capital Management LLC boosted its stake 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 buying an additional 22,806 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in shares of Bridgeline Digital during the 4th quarter worth about $31,000. 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.