Bridgeline Digital (NASDAQ:BLIN) Rating Increased to Buy at Westpark Capital

Bridgeline Digital (NASDAQ:BLIN) was upgraded by stock analysts at Westpark Capital from a “hold” rating to a “buy” rating in a report released on Friday,Benzinga reports. The firm presently has a $4.62 price objective on the software maker’s stock. Westpark Capital’s target price would indicate a potential upside of 133.33% from the stock’s current price.

Separately, StockNews.com lowered Bridgeline Digital from a “buy” rating to a “hold” rating in a research note on Tuesday.

Bridgeline Digital Trading Down 3.9 %

Shares of NASDAQ:BLIN opened at $1.98 on Friday. 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 $1.67 and a 200-day moving average of $1.28. Bridgeline Digital has a one year low of $0.75 and a one year high of $2.80.

Bridgeline Digital (NASDAQ:BLIN) last issued 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 12.77% and a negative return on equity of 14.75%. On average, sell-side analysts anticipate that Bridgeline Digital will post -0.15 EPS for the current fiscal year.

Institutional Investors Weigh In On Bridgeline Digital

A hedge fund recently raised its stake in Bridgeline Digital stock. Renaissance Technologies LLC lifted its position in Bridgeline Digital, Inc. (NASDAQ:BLIN) by 27.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 130,904 shares of the software maker’s stock after buying an additional 28,375 shares during the period. Renaissance Technologies LLC owned about 1.26% of Bridgeline Digital worth $207,000 as of its most recent SEC filing. 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.