Bridgeline Digital (NASDAQ:BLIN) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

Shares of Bridgeline Digital, Inc. (NASDAQ:BLIN) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.94 and traded as high as $1.22. Bridgeline Digital shares last traded at $1.22, with a volume of 67,678 shares traded.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Bridgeline Digital in a research note on Monday, July 13th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $4.62.

Bridgeline Digital Price Performance

The business has a 50-day moving average of $1.10 and a two-hundred day moving average of $0.94. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.01. The firm has a market cap of $15.37 million, a P/E ratio of -8.13 and a beta of 1.00.

Bridgeline Digital (NASDAQ:BLIN) last announced its quarterly earnings results on Thursday, May 14th. The software maker reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.03). The firm had revenue of $3.92 million for the quarter, compared to analyst estimates of $4.55 million. Bridgeline Digital had a negative net margin of 10.75% and a negative return on equity of 17.46%.

Hedge Funds Weigh In On Bridgeline Digital

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Citadel Advisors LLC bought a new position in shares of Bridgeline Digital during the third quarter valued at $41,000. DRW Securities LLC bought a new stake in shares of Bridgeline Digital in the fourth quarter worth $45,000. Lido Advisors LLC acquired a new stake in Bridgeline Digital in the fourth quarter valued at $48,000. Finally, Renaissance Technologies LLC increased its holdings in Bridgeline Digital by 8.6% in the first quarter. Renaissance Technologies LLC now owns 158,729 shares of the software maker’s stock valued at $127,000 after purchasing an additional 12,600 shares during the period. 15.08% of the stock is currently owned by institutional investors and hedge funds.

About Bridgeline Digital

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.