Bridgeline Digital (NASDAQ:BLIN) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Bridgeline Digital, Inc. (NASDAQ:BLIN)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.38 and traded as high as $1.50. Bridgeline Digital shares last traded at $1.50, with a volume of 19,939 shares.

Wall Street Analyst Weigh In

BLIN has been the topic of several analyst reports. Westpark Capital raised 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, 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 1.4 %

The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $15.14 million, a P/E ratio of -7.63 and a beta of 1.85. The stock’s 50-day simple moving average is $1.68 and its 200-day simple moving average is $1.38.

Bridgeline Digital (NASDAQ:BLIN) last released its 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 net margin of 12.82% and a negative return on equity of 15.38%. As a group, research analysts predict that Bridgeline Digital, Inc. will post -0.15 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Bridgeline Digital

A number of hedge funds have recently made changes to their positions in BLIN. Jane Street Group LLC bought a new position in Bridgeline Digital during the fourth quarter valued at about $31,000. 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 valued at $143,000 after acquiring an additional 22,806 shares during the period. Finally, 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 valued at $207,000 after acquiring an additional 28,375 shares during the period. 15.08% of the stock is currently 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.