Bridgeline Digital (NASDAQ:BLIN) Downgraded by StockNews.com to “Hold”

StockNews.com downgraded shares of Bridgeline Digital (NASDAQ:BLIN) from a buy rating to a hold rating in a report released on Tuesday morning.

Separately, Westpark Capital restated a “hold” rating on shares of Bridgeline Digital in a report on Tuesday, December 24th.

Bridgeline Digital Stock Down 3.9 %

Shares of NASDAQ BLIN opened at $1.98 on Tuesday. The stock has a market capitalization of $20.63 million, a P/E ratio of -10.42 and a beta of 1.88. The company has a 50-day moving average price of $1.67 and a 200-day moving average price of $1.28. Bridgeline Digital has a 1 year low of $0.75 and a 1 year high of $2.80. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.62 and a quick ratio of 0.62.

Bridgeline Digital (NASDAQ:BLIN) last issued its quarterly earnings data on Thursday, February 13th. The software maker reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). Bridgeline Digital had a negative net margin of 12.77% and a negative return on equity of 14.75%. On average, equities research analysts forecast that Bridgeline Digital will post -0.15 EPS for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Bridgeline Digital stock. Geode Capital Management LLC increased its position in shares of Bridgeline Digital, Inc. (NASDAQ:BLIN) by 33.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 90,340 shares of the software maker’s stock after purchasing an additional 22,806 shares during the quarter. Geode Capital Management LLC owned approximately 0.87% of Bridgeline Digital worth $143,000 as of its most recent SEC filing. Institutional investors and hedge funds 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.