Bridgeline Digital, Inc. (NASDAQ:BLIN) to Post Q3 2023 Earnings of ($0.01) Per Share, Taglich Brothers Forecasts

Bridgeline Digital, Inc. (NASDAQ:BLINGet Rating) – Equities research analysts at Taglich Brothers decreased their Q3 2023 earnings per share (EPS) estimates for Bridgeline Digital in a note issued to investors on Wednesday, May 18th. Taglich Brothers analyst H. Halpern now anticipates that the software maker will post earnings per share of ($0.01) for the quarter, down from their previous forecast of $0.01. Taglich Brothers also issued estimates for Bridgeline Digital’s Q4 2023 earnings at ($0.01) EPS.

Other equities research analysts have also issued research reports about the company. started coverage on Bridgeline Digital in a research note on Sunday. They issued a “hold” rating for the company. Zacks Investment Research cut shares of Bridgeline Digital from a “buy” rating to a “hold” rating in a research report on Tuesday, March 15th.

NASDAQ:BLIN opened at $1.23 on Monday. The business’s 50-day moving average is $1.63 and its two-hundred day moving average is $2.06. The firm has a market capitalization of $12.57 million, a PE ratio of -1.34 and a beta of 2.77. Bridgeline Digital has a 12 month low of $1.07 and a 12 month high of $14.38. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.94 and a quick ratio of 1.33.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC boosted its stake in shares of Bridgeline Digital by 92.6% during the 3rd quarter. Geode Capital Management LLC now owns 46,390 shares of the software maker’s stock valued at $190,000 after buying an additional 22,306 shares during the last quarter. Renaissance Technologies LLC grew its holdings in Bridgeline Digital by 535.6% during the 3rd quarter. Renaissance Technologies LLC now owns 161,432 shares of the software maker’s stock worth $663,000 after acquiring an additional 136,032 shares in the last quarter. Schonfeld Strategic Advisors LLC acquired a new position in Bridgeline Digital during the 3rd quarter worth $93,000. Squarepoint Ops LLC bought a new stake in shares of Bridgeline Digital in the 4th quarter worth about $29,000. Finally, Virtu Financial LLC acquired a new stake in shares of Bridgeline Digital in the 4th quarter valued at about $161,000. 26.08% of the stock is currently owned by institutional investors.

Bridgeline Digital Company Profile (Get Rating)

Bridgeline Digital, Inc operates as a digital engagement company in the United States. The company's Bridgeline's Unbound platform enables companies and developers to create websites, web applications, and online stores. It offers Bridgeline Unbound Experience Manager, a marketing automation engine and content management system; Bridgeline Unbound Content Manager that enables non-technical users to create, edit, and publish content via a browser-based interface; and Bridgeline Unbound Commerce, an online B2B and B2C commerce solution that allows users to manage domestic and international commerce initiatives.

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Earnings History and Estimates for Bridgeline Digital (NASDAQ:BLIN)

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