Beeline (NASDAQ:BLNE) CEO Purchases $240,100.00 in Stock

Beeline Holdings, Inc. (NASDAQ:BLNE) CEO Nicholas Reyland Liuzza, Jr. bought 245,000 shares of the stock in a transaction dated Monday, August 31st. The shares were acquired at an average price of $0.98 per share, for a total transaction of $240,100.00. Following the completion of the purchase, the chief executive officer directly owned 4,795,099 shares in the company, valued at approximately $4,699,197.02. This trade represents a 5.38% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Beeline Trading Up 1.1%

Shares of NASDAQ:BLNE traded up $0.01 during midday trading on Monday, reaching $0.99. The company had a trading volume of 1,643,944 shares, compared to its average volume of 678,919. The stock has a market cap of $32.46 million, a P/E ratio of -2.03 and a beta of 1.25. The company’s 50 day moving average price is $1.05 and its 200 day moving average price is $1.72. Beeline Holdings, Inc. has a 52-week low of $0.76 and a 52-week high of $4.65.

Beeline (NASDAQ:BLNE) last posted its quarterly earnings data on Friday, August 14th. The company reported ($0.13) earnings per share (EPS) for the quarter. The company had revenue of $3.56 million for the quarter. Beeline had a negative return on equity of 41.07% and a negative net margin of 212.25%. Research analysts forecast that Beeline Holdings, Inc. will post -0.01 EPS for the current fiscal year.

Hedge Funds Weigh In On Beeline

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE raised its position in shares of Beeline by 10,007.5% in the first quarter. Bank of America Corp DE now owns 21,630 shares of the company’s stock valued at $51,000 after purchasing an additional 21,416 shares during the period. Citizens Financial Group Inc. RI purchased a new stake in shares of Beeline during the 1st quarter valued at approximately $217,000. Relyea Zuckerberg Hanson LLC boosted its holdings in Beeline by 185.7% in the 1st quarter. Relyea Zuckerberg Hanson LLC now owns 40,000 shares of the company’s stock worth $94,000 after buying an additional 26,000 shares during the period. Intrua Financial LLC bought a new position in Beeline in the 1st quarter worth approximately $69,000. Finally, Virtu Financial LLC purchased a new position in Beeline in the 4th quarter valued at approximately $30,000. Institutional investors own 0.58% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on BLNE shares. LADENBURG THALM/SH SH upgraded Beeline to a “strong-buy” rating in a research note on Wednesday, May 6th. Wall Street Zen downgraded Beeline from a “hold” rating to a “sell” rating in a research report on Sunday, May 17th. Finally, Weiss Ratings lowered Beeline from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, June 5th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average 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.