Bridgeline Digital (NASDAQ:BLIN) Upgraded by StockNews.com to “Buy” Rating

StockNews.com upgraded shares of Bridgeline Digital (NASDAQ:BLIN) from a hold rating to a buy rating in a research note released on Wednesday.

Separately, Westpark Capital upgraded shares of Bridgeline Digital from a “hold” rating to a “buy” rating and set a $4.62 target price for the company in a research report on Friday, February 14th.

Bridgeline Digital Stock Down 9.2 %

BLIN stock opened at $1.57 on Wednesday. Bridgeline Digital has a 52 week low of $0.76 and a 52 week high of $2.80. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.02. The firm has a 50-day simple moving average of $1.73 and a 200-day simple moving average of $1.31. The stock has a market capitalization of $16.39 million, a P/E ratio of -8.26 and a beta of 1.88.

Bridgeline Digital (NASDAQ:BLIN) last announced its earnings results on Thursday, February 13th. The software maker reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). Bridgeline Digital had a negative net margin of 12.82% and a negative return on equity of 15.38%. Equities analysts forecast that Bridgeline Digital will post -0.15 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Bridgeline Digital

Several hedge funds and other institutional investors have recently made changes to their positions in BLIN. Geode Capital Management LLC increased its stake in shares of Bridgeline Digital by 33.8% in the 4th quarter. Geode Capital Management LLC now owns 90,340 shares of the software maker’s stock worth $143,000 after acquiring an additional 22,806 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of Bridgeline Digital by 27.7% in the 4th quarter. Renaissance Technologies LLC now owns 130,904 shares of the software maker’s stock valued at $207,000 after buying an additional 28,375 shares during the period. Finally, Jane Street Group LLC purchased a new stake in shares of Bridgeline Digital during the 4th quarter valued at approximately $31,000. 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.