Bridgeline Digital (NASDAQ:BLIN) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

Bridgeline Digital, Inc. (NASDAQ:BLIN)’s stock price passed 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 trading hands.

Wall Street Analyst Weigh In

Several research firms recently commented on BLIN. StockNews.com raised 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 target price on the stock in a report on Friday, February 14th.

Bridgeline Digital Stock Up 2.9 %

The stock has a market cap of $14.93 million, a PE ratio of -7.53 and a beta of 1.85. The firm has a fifty day moving average of $1.73 and a 200 day moving average of $1.35. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.02.

Bridgeline Digital (NASDAQ:BLIN) last posted its earnings results on Thursday, February 13th. The software maker reported ($0.06) 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%. On average, equities research analysts anticipate that Bridgeline Digital, Inc. will post -0.15 EPS for the current fiscal year.

Hedge Funds Weigh In On Bridgeline Digital

Several hedge funds have recently made changes to their positions in BLIN. Geode Capital Management LLC grew its holdings in shares of Bridgeline Digital by 33.8% during the fourth 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 during the last quarter. Renaissance Technologies LLC grew its holdings in shares of Bridgeline Digital by 27.7% during 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 last quarter. Finally, Jane Street Group LLC purchased a new position in shares of Bridgeline Digital during the fourth quarter worth about $31,000. Hedge funds and other institutional investors own 15.08% of the company’s stock.

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.