Bridgeline Digital (NASDAQ:BLIN) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

Bridgeline Digital, Inc. (NASDAQ:BLIN) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $1.40 and traded as high as $1.52. Bridgeline Digital shares last traded at $1.50, with a volume of 33,065 shares.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on BLIN shares. Westpark Capital raised Bridgeline Digital from a “hold” rating to a “buy” rating and set a $4.62 price target on the stock in a research report on Friday, February 14th. StockNews.com raised shares of Bridgeline Digital from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th.

Bridgeline Digital Stock Up 4.2 %

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 stock’s fifty day simple moving average is $1.64 and its 200-day simple moving average is $1.40. The stock has a market cap of $15.66 million, a P/E ratio of -7.89 and a beta of 1.85.

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 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%. On average, research analysts anticipate that Bridgeline Digital, Inc. will post -0.15 earnings per share for the current year.

Hedge Funds Weigh In On Bridgeline Digital

Several institutional investors have recently modified their holdings of BLIN. Jane Street Group LLC acquired a new position in Bridgeline Digital during the 4th quarter valued at about $31,000. Renaissance Technologies LLC raised its stake in Bridgeline Digital by 27.7% during the 4th quarter. Renaissance Technologies LLC now owns 130,904 shares of the software maker’s stock valued at $207,000 after acquiring an additional 28,375 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in 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 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.