Bridgeline Digital (NASDAQ:BLIN) Given Buy Rating at Westpark Capital

Bridgeline Digital (NASDAQ:BLIN)‘s stock had its “buy” rating reaffirmed by analysts at Westpark Capital in a report released on Friday,Benzinga reports. They currently have a $4.62 price objective on the software maker’s stock. Westpark Capital’s price target suggests a potential upside of 379.25% from the company’s current price.

A number of other brokerages have also recently weighed in on BLIN. Weiss Ratings reiterated a “sell (d-)” rating on shares of Bridgeline Digital in a research note on Wednesday, October 8th. Zacks Research upgraded shares of Bridgeline Digital from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 19th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $4.62.

Bridgeline Digital Stock Performance

NASDAQ BLIN traded down $0.02 on Friday, reaching $0.96. The stock had a trading volume of 27,540 shares, compared to its average volume of 93,198. The stock has a market cap of $11.67 million, a P/E ratio of -3.57 and a beta of 0.73. Bridgeline Digital has a 12-month low of $0.90 and a 12-month high of $2.80. The business’s 50-day moving average price is $1.14 and its 200 day moving average price is $1.33. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.77 and a current ratio of 0.77.

Institutional Investors Weigh In On Bridgeline Digital

An institutional investor recently bought a new position in Bridgeline Digital stock. Citadel Advisors LLC purchased a new position in Bridgeline Digital, Inc. (NASDAQ:BLIN) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 31,069 shares of the software maker’s stock, valued at approximately $41,000. Citadel Advisors LLC owned 0.26% of Bridgeline Digital at the end of the most recent reporting period. Hedge funds and other institutional investors own 15.08% of the company’s stock.

About Bridgeline Digital

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.