Bridgeline Digital (NASDAQ:BLIN) Stock Rating Upgraded by StockNews.com

Bridgeline Digital (NASDAQ:BLIN) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday.

Separately, Westpark Capital raised shares of Bridgeline Digital from a “hold” rating to a “buy” rating and set a $4.62 price target for the company in a research note on Friday, February 14th.

Bridgeline Digital Price Performance

BLIN opened at $1.73 on Wednesday. Bridgeline Digital has a 12 month low of $0.76 and a 12 month high of $2.80. The company has a market cap of $18.06 million, a PE ratio of -9.11 and a beta of 1.88. 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 company has a 50 day moving average of $1.73 and a 200 day moving average of $1.31.

Bridgeline Digital (NASDAQ:BLIN) last announced its quarterly earnings results on Thursday, February 13th. The software maker reported ($0.06) earnings per share 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 15.10%. On average, sell-side analysts expect that Bridgeline Digital will post -0.15 EPS for the current year.

Institutional Trading of Bridgeline Digital

Institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC increased its position in shares of Bridgeline Digital by 33.8% in the fourth 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. Renaissance Technologies LLC grew its holdings in Bridgeline Digital by 27.7% in the fourth 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 during the period. Finally, Jane Street Group LLC purchased a new stake in shares of Bridgeline Digital in the 4th quarter worth approximately $31,000. 15.08% of the stock is currently owned by hedge funds and other institutional investors.

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.