Beeline (NASDAQ:BLNE) Posts Earnings Results

Beeline (NASDAQ:BLNE) announced its quarterly earnings results on Thursday. The company reported $999.00 EPS for the quarter, Zacks reports. Beeline had a negative net margin of 298.16% and a negative return on equity of 42.97%.

Beeline Trading Down 25.7%

Shares of BLNE stock traded down $0.45 on Friday, reaching $1.30. 1,004,361 shares of the company’s stock were exchanged, compared to its average volume of 814,872. The company’s fifty day simple moving average is $2.29 and its 200 day simple moving average is $2.38. Beeline has a 52 week low of $0.62 and a 52 week high of $4.65. The stock has a market capitalization of $39.84 million, a PE ratio of -0.20 and a beta of 1.36.

Institutional Trading of Beeline

Institutional investors and hedge funds have recently made changes to their positions in the business. Centiva Capital LP purchased a new stake in shares of Beeline during the third quarter valued at $46,000. LPL Financial LLC purchased a new position in Beeline in the 4th quarter worth about $29,000. Virtu Financial LLC bought a new stake in Beeline during the 4th quarter valued at about $30,000. HRT Financial LP purchased a new stake in Beeline in the 4th quarter valued at about $34,000. Finally, Scientech Research LLC purchased a new stake in Beeline in the 3rd quarter valued at about $89,000. 0.58% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

BLNE has been the topic of several recent research reports. Wall Street Zen upgraded Beeline from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. LADENBURG THALM/SH SH raised shares of Beeline to a “strong-buy” rating in a research note on Wednesday, May 6th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Beeline in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Beeline has a consensus rating of “Moderate Buy”.

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.