Bridgeline Digital (NASDAQ:BLIN) Announces Quarterly Earnings Results

Bridgeline Digital (NASDAQ:BLIN) released its quarterly earnings results on Thursday. The software maker reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.01), Zacks reports. Bridgeline Digital had a negative net margin of 12.77% and a negative return on equity of 14.75%.

Bridgeline Digital Trading Down 11.6 %

Shares of NASDAQ:BLIN opened at $1.75 on Friday. The company’s 50 day moving average price is $1.69 and its two-hundred day moving average price is $1.28. Bridgeline Digital has a 12-month low of $0.75 and a 12-month high of $2.80. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.62 and a current ratio of 0.62.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on BLIN. Westpark Capital upgraded shares of Bridgeline Digital from a “hold” rating to a “buy” rating and set a $4.62 target price on the stock in a research report on Friday. StockNews.com lowered shares of Bridgeline Digital from a “buy” rating to a “hold” rating in a research report on Tuesday.

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.