Beeline (NASDAQ:BLNE) Releases Quarterly Earnings Results

Beeline (NASDAQ:BLNE) posted its earnings results on Thursday. The company reported ($0.11) earnings per share (EPS) for the quarter, FiscalAI reports. Beeline had a negative return on equity of 41.07% and a negative net margin of 212.25%. The firm had revenue of $2.98 million for the quarter.

Beeline Stock Performance

Shares of NASDAQ:BLNE traded down $0.03 during midday trading on Thursday, reaching $0.59. 385,515 shares of the company’s stock traded hands, compared to its average volume of 608,465. The company has a fifty day simple moving average of $0.82 and a two-hundred day simple moving average of $1.57. Beeline has a 1 year low of $0.58 and a 1 year high of $3.73. The company has a market cap of $19.25 million, a P/E ratio of -1.20 and a beta of 1.32.

Insider Buying and Selling

In related news, CEO Nicholas Reyland Liuzza, Jr. purchased 33,190 shares of the business’s stock in a transaction that occurred on Friday, September 11th. The stock was bought at an average price of $1.04 per share, with a total value of $34,517.60. Following the acquisition, the chief executive officer owned 5,039,989 shares in the company, valued at $5,241,588.56. The trade was a 0.66% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last ninety days, insiders have acquired 512,390 shares of company stock valued at $513,580. 25.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Beeline

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BLNE. Bank of America Corp DE increased its stake in shares of Beeline by 10,007.5% during the first quarter. Bank of America Corp DE now owns 21,630 shares of the company’s stock worth $51,000 after purchasing an additional 21,416 shares in the last quarter. GRIMES & Co WEALTH MANAGEMENT LLC raised its position in shares of Beeline by 52.8% during the 3rd quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 43,435 shares of the company’s stock worth $36,000 after purchasing an additional 15,000 shares during the last quarter. Womack Financial LLC purchased a new position in Beeline in the 3rd quarter valued at about $54,000. Engineers Gate Manager LP lifted its stake in Beeline by 69.0% in the 2nd quarter. Engineers Gate Manager LP now owns 33,042 shares of the company’s stock valued at $40,000 after buying an additional 13,491 shares in the last quarter. Finally, Citizens Financial Group Inc. RI purchased a new position in Beeline in the 1st quarter valued at about $217,000. 0.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Beeline in a report on Wednesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

About Beeline

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.