Beeline (NASDAQ:BLNE) Posts Quarterly Earnings Results

Beeline (NASDAQ:BLNE) released its earnings results on Friday, May 15th. The company reported ($0.18) earnings per share for the quarter, FiscalAI reports. The business had revenue of $2.70 million for the quarter. Beeline had a negative return on equity of 39.90% and a negative net margin of 234.55%.

Beeline Stock Up 0.5%

NASDAQ:BLNE traded up $0.01 during trading hours on Thursday, reaching $1.09. 223,327 shares of the company’s stock were exchanged, compared to its average volume of 796,325. The company has a market capitalization of $35.72 million, a P/E ratio of -1.42 and a beta of 1.27. The business’s 50-day simple moving average is $1.44 and its two-hundred day simple moving average is $2.16. Beeline has a 12 month low of $0.85 and a 12 month high of $4.65.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on BLNE shares. Weiss Ratings cut Beeline from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, June 5th. LADENBURG THALM/SH SH upgraded Beeline to a “strong-buy” rating in a report on Wednesday, May 6th. Finally, Wall Street Zen lowered Beeline from a “hold” rating to a “sell” rating in a research note on Sunday, May 17th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. LPL Financial LLC acquired a new stake in Beeline during the 4th quarter worth about $29,000. Virtu Financial LLC bought a new stake in shares of Beeline in the fourth quarter worth $30,000. HRT Financial LP bought a new position in shares of Beeline during the fourth quarter worth $34,000. Centiva Capital LP purchased a new position in Beeline during the 3rd quarter valued at $46,000. Finally, Quadrature Capital Ltd purchased a new position in Beeline during the 4th quarter worth $47,000. 0.58% of the stock is owned by institutional investors.

About Beeline

Beeline Holdings, Inc is a mortgage fintech company that provides a digital, AI-powered lending and title platform designed to streamline the home loan process. Headquartered in Providence, Rhode Island, Beeline aims to make mortgages simpler and faster by combining technology with an end-to-end approach across origination and title services. The company focuses on improving efficiency and transparency for homebuyers and homeowners, supporting broader access to financial flexibility through property ownership.