Bridgeline Digital (NASDAQ:BLIN) Stock Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Bridgeline Digital, Inc. (NASDAQ:BLIN)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $1.35 and traded as high as $1.46. Bridgeline Digital shares last traded at $1.43, with a volume of 130,737 shares.

Analyst Ratings Changes

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

Bridgeline Digital Stock Performance

The firm has a market cap of $14.93 million, a price-to-earnings ratio of -7.53 and a beta of 1.88. The stock’s 50 day moving average is $1.73 and its 200 day moving average is $1.35. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.02.

Bridgeline Digital (NASDAQ:BLIN) last announced its quarterly earnings results on Thursday, February 13th. The software maker reported ($0.06) EPS 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%. Analysts anticipate that Bridgeline Digital, Inc. will post -0.15 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in BLIN. Renaissance Technologies LLC grew its position in shares of Bridgeline Digital by 27.7% during 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 in the last quarter. Geode Capital Management LLC grew its position 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 purchasing an additional 22,806 shares in the last quarter. Finally, Jane Street Group LLC acquired a new position in shares of Bridgeline Digital during the 4th quarter worth approximately $31,000. Institutional investors and hedge funds own 15.08% of the company’s stock.

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.