Beeline (NASDAQ:BLNE) Announces Quarterly Earnings Results

Beeline (NASDAQ:BLNE) posted its earnings results on Friday. The company reported ($0.13) earnings per share for the quarter, Zacks reports. Beeline had a negative net margin of 234.55% and a negative return on equity of 39.90%.

Beeline Price Performance

Beeline stock opened at $1.01 on Friday. Beeline has a fifty-two week low of $0.76 and a fifty-two week high of $4.65. The firm has a fifty day moving average price of $1.09 and a two-hundred day moving average price of $1.89. The firm has a market cap of $32.95 million, a price-to-earnings ratio of -1.31 and a beta of 1.25.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on BLNE. Weiss Ratings lowered 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 report on Wednesday, May 6th. Finally, Wall Street Zen cut Beeline from a “hold” rating to a “sell” rating in a research report on Sunday, May 17th. One research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Hedge Funds Weigh In On Beeline

A number of institutional investors have recently made changes to their positions in BLNE. AWM Investment Company Inc. acquired a new position in shares of Beeline during the 4th quarter worth about $3,225,000. NewEdge Advisors LLC grew its holdings in Beeline by 2,932.2% in the 3rd quarter. NewEdge Advisors LLC now owns 1,121,900 shares of the company’s stock valued at $4,443,000 after buying an additional 1,084,900 shares during the last quarter. Vanguard Group Inc. acquired a new stake in Beeline in the 3rd quarter valued at approximately $1,330,000. Geode Capital Management LLC increased its position in Beeline by 71.4% in the 4th quarter. Geode Capital Management LLC now owns 254,603 shares of the company’s stock worth $438,000 after buying an additional 106,088 shares during the period. Finally, XTX Topco Ltd bought a new position in Beeline in the 4th quarter worth approximately $137,000. 0.58% of the stock is currently 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.