Bridgeline Digital (NASDAQ:BLIN) Stock Passes Below 200 Day Moving Average – Should You Sell?

Bridgeline Digital, Inc. (NASDAQ:BLIN) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.06 and traded as low as $0.87. Bridgeline Digital shares last traded at $0.8752, with a volume of 42,594 shares trading hands.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on BLIN. Weiss Ratings restated a “sell (d-)” rating on shares of Bridgeline Digital in a research report on Wednesday, January 21st. Zacks Research raised shares of Bridgeline Digital from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 19th. Finally, Westpark Capital restated a “buy” rating and set a $4.62 price target on shares of Bridgeline Digital in a report on Friday, December 19th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $4.62.

Bridgeline Digital Stock Performance

The stock has a market capitalization of $11.01 million, a P/E ratio of -4.16 and a beta of 0.82. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.02. The company has a 50-day moving average price of $0.84 and a two-hundred day moving average price of $1.06.

Bridgeline Digital (NASDAQ:BLIN) last announced its earnings results on Thursday, February 12th. The software maker reported ($0.01) EPS for the quarter, meeting the consensus estimate of ($0.01). The company had revenue of $3.91 million for the quarter, compared to analyst estimates of $4.30 million. Bridgeline Digital had a negative return on equity of 19.87% and a negative net margin of 12.71%. On average, equities analysts forecast that Bridgeline Digital, Inc. will post -0.15 earnings per share for the current year.

Institutional Trading of Bridgeline Digital

Several hedge funds have recently modified their holdings of BLIN. Citadel Advisors LLC acquired a new position in shares of Bridgeline Digital during the 3rd quarter valued at $41,000. Lido Advisors LLC acquired a new stake in Bridgeline Digital in the fourth quarter worth $48,000. Finally, DRW Securities LLC bought a new stake in Bridgeline Digital in the fourth quarter valued at $45,000. Institutional investors own 15.08% of the company’s stock.

About Bridgeline Digital

Bridgeline Digital, Inc is a software-as-a-service company that delivers digital experience management solutions to mid-market and enterprise organizations. The company’s core offering, the LX Platform, integrates content management, e-commerce, customer portals and digital marketing tools into a unified cloud-based environment. Bridgeline’s platform is designed to help businesses streamline the delivery of personalized content and commerce capabilities across web, mobile and other channels.

The LX Platform features modules for web content creation, online storefront management, customer self-service portals and marketing automation.