Bridgeline Digital (NASDAQ:BLIN) Stock Crosses Below Two Hundred Day Moving Average – Time to Sell?

Bridgeline Digital, Inc. (NASDAQ:BLIN) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.01 and traded as low as $0.8205. Bridgeline Digital shares last traded at $0.8567, with a volume of 50,984 shares traded.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on BLIN shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Bridgeline Digital in a research note on Wednesday, January 21st. Westpark Capital reiterated a “buy” rating and issued a $4.62 price objective on shares of Bridgeline Digital in a research report on Friday, December 19th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Bridgeline Digital presently has an average rating of “Hold” and an average price target of $4.62.

Bridgeline Digital Stock Performance

The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.02. The company has a market cap of $10.86 million, a P/E ratio of -4.10 and a beta of 0.87. The business has a fifty day moving average of $0.85 and a 200 day moving average of $1.00.

Bridgeline Digital (NASDAQ:BLIN) last announced its earnings results on Thursday, February 12th. The software maker reported ($0.01) EPS for the quarter, meeting analysts’ consensus estimates of ($0.01). The company had revenue of $3.91 million during the quarter, compared to the consensus estimate 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 predict that Bridgeline Digital, Inc. will post -0.15 EPS for the current year.

Hedge Funds Weigh In On Bridgeline Digital

A number of hedge funds and other institutional investors have recently made changes to their positions in BLIN. Lido Advisors LLC bought a new position in shares of Bridgeline Digital during the fourth quarter valued at approximately $48,000. DRW Securities LLC bought a new position in shares of Bridgeline Digital during the fourth quarter valued at approximately $45,000. Finally, Citadel Advisors LLC bought a new position in shares of Bridgeline Digital during the third quarter valued at approximately $41,000. Institutional investors own 15.08% of the company’s stock.

Bridgeline Digital Company Profile

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.