Bridgeline Digital (NASDAQ:BLIN) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Bridgeline Digital (NASDAQ:BLIN) in a research note issued to investors on Saturday morning. The firm issued a hold rating on the software maker’s stock.

Bridgeline Digital Price Performance

Shares of NASDAQ:BLIN opened at $1.28 on Friday. The company has a 50 day moving average of $1.06 and a 200 day moving average of $0.88. The stock has a market cap of $13.34 million, a P/E ratio of -1.35 and a beta of 2.10. Bridgeline Digital has a 12 month low of $0.70 and a 12 month high of $1.43. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.04.

Bridgeline Digital (NASDAQ:BLIN) last issued its quarterly earnings data on Wednesday, February 14th. The software maker reported ($0.06) EPS for the quarter, meeting the consensus estimate of ($0.06). The company had revenue of $3.76 million during the quarter, compared to analysts’ expectations of $3.78 million. Bridgeline Digital had a negative net margin of 64.13% and a negative return on equity of 64.91%. As a group, sell-side analysts forecast that Bridgeline Digital will post -0.2 EPS for the current fiscal year.

Hedge Funds Weigh In On Bridgeline Digital

An institutional investor recently raised its position in Bridgeline Digital stock. Renaissance Technologies LLC boosted its position in shares of Bridgeline Digital, Inc. (NASDAQ:BLIN) by 28.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 326,200 shares of the software maker’s stock after acquiring an additional 72,341 shares during the period. Renaissance Technologies LLC owned 3.23% of Bridgeline Digital worth $623,000 as of its most recent SEC filing. 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.