Bridgeline Digital (NASDAQ:BLIN) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

Bridgeline Digital, Inc. (NASDAQ:BLIN) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.33 and traded as high as $1.41. Bridgeline Digital shares last traded at $1.35, with a volume of 68,157 shares.

Wall Street Analyst Weigh In

Several research firms have weighed in on BLIN. StockNews.com raised shares of Bridgeline Digital from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. Westpark Capital raised Bridgeline Digital from a “hold” rating to a “buy” rating and set a $4.62 price objective for the company in a report on Friday, February 14th.

Bridgeline Digital Stock Performance

The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.62 and a current ratio of 0.62. The company has a market cap of $14.10 million, a P/E ratio of -7.11 and a beta of 1.88. The stock’s fifty day moving average price is $1.73 and its two-hundred day moving average price is $1.33.

Bridgeline Digital (NASDAQ:BLIN) last issued its earnings results on Thursday, February 13th. The software maker reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). Bridgeline Digital had a negative net margin of 12.82% and a negative return on equity of 15.38%. As a group, equities analysts predict that Bridgeline Digital, Inc. will post -0.15 earnings per share for the current year.

Institutional Investors Weigh In On Bridgeline Digital

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Jane Street Group LLC bought a new stake in shares of Bridgeline Digital during the fourth quarter worth $31,000. Geode Capital Management LLC grew 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 last quarter. Finally, Renaissance Technologies LLC raised its position in Bridgeline Digital by 27.7% in the fourth quarter. Renaissance Technologies LLC now owns 130,904 shares of the software maker’s stock valued at $207,000 after purchasing an additional 28,375 shares during the last quarter. 15.08% of the stock is owned by 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.