Bridgeline Digital (NASDAQ:BLIN) Cut to “Strong Sell” at Zacks Research

Bridgeline Digital (NASDAQ:BLIN) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Tuesday,Zacks.com reports.

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Bridgeline Digital in a report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $4.62.

Bridgeline Digital Stock Performance

Shares of BLIN opened at $1.28 on Tuesday. The stock’s 50-day simple moving average is $1.36 and its 200 day simple moving average is $1.50. The stock has a market capitalization of $15.50 million, a price-to-earnings ratio of -4.74 and a beta of 0.83. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.77 and a current ratio of 0.77. Bridgeline Digital has a 52-week low of $1.04 and a 52-week high of $2.80.

Bridgeline Digital (NASDAQ:BLIN) last issued its quarterly earnings data on Thursday, August 14th. The software maker reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.02). The company had revenue of $3.85 million for the quarter, compared to analysts’ expectations of $3.97 million. Bridgeline Digital had a negative return on equity of 25.79% and a negative net margin of 16.81%. Research analysts forecast that Bridgeline Digital will post -0.15 EPS for the current fiscal year.

Institutional Trading of Bridgeline Digital

An institutional investor recently bought a new position in Bridgeline Digital stock. XTX Topco Ltd purchased a new stake in Bridgeline Digital, Inc. (NASDAQ:BLIN) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 17,781 shares of the software maker’s stock, valued at approximately $26,000. XTX Topco Ltd owned approximately 0.17% of Bridgeline Digital as of its most recent SEC filing. Institutional investors and hedge funds own 15.08% of the company’s stock.

Bridgeline Digital Company Profile

Bridgeline Digital, Inc operates as a marketing technology company in the United States, Canada, and internationally. The company offers HawkSearch, a site search, recommendation, and personalization application for marketers, merchandisers, and developers; Celebros Search, a commerce-oriented site search product that provides natural language processing with artificial intelligence; and Woorank, a Search Engine Optimization (SEO) audit tool that generates an instant performance audit of the site's technical, on-page, and off-page SEO.