Beeline (NASDAQ:BLNE) Shares Up 2.8% – Should You Buy?

Shares of Beeline Holdings, Inc. (NASDAQ:BLNE) rose 2.8% on Friday . The stock traded as high as $1.1150 and last traded at $1.11. 114,969 shares changed hands during mid-day trading, a decline of 78% from the average session volume of 511,502 shares. The stock had previously closed at $1.08.

Wall Street Analysts Forecast Growth

BLNE has been the topic of a number of recent analyst reports. Weiss Ratings lowered shares of Beeline from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, June 5th. LADENBURG THALM/SH SH upgraded Beeline to a “strong-buy” rating in a research note on Wednesday, May 6th. Finally, Wall Street Zen lowered Beeline from a “hold” rating to a “sell” rating in a research report on Sunday, May 17th. One analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Beeline Stock Up 2.8%

The business’s 50 day moving average is $1.32 and its 200-day moving average is $2.12. The firm has a market cap of $36.21 million, a P/E ratio of -1.44 and a beta of 1.27.

Beeline (NASDAQ:BLNE) last posted its quarterly earnings data on Friday, May 15th. The company reported ($0.18) EPS for the quarter. The company had revenue of $2.70 million for the quarter. Beeline had a negative net margin of 234.55% and a negative return on equity of 39.90%. As a group, equities analysts predict that Beeline Holdings, Inc. will post -0.01 earnings per share for the current year.

Institutional Trading of Beeline

Several hedge funds and other institutional investors have recently bought and sold shares of BLNE. Centiva Capital LP acquired a new stake in Beeline during the third quarter valued at approximately $46,000. LPL Financial LLC acquired a new position in shares of Beeline in the 4th quarter worth approximately $29,000. Virtu Financial LLC bought a new stake in shares of Beeline in the 4th quarter valued at approximately $30,000. Manchester Financial Inc. bought a new stake in shares of Beeline in the 4th quarter valued at approximately $31,000. Finally, GRIMES & Co WEALTH MANAGEMENT LLC acquired a new stake in shares of Beeline during the 4th quarter valued at approximately $32,000. 0.58% of the stock is owned by institutional investors.

Beeline Company Profile

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.