Bridgeline Digital (NASDAQ:BLIN) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of Bridgeline Digital (NASDAQ:BLINGet Rating) in a report released on Sunday morning. The firm issued a hold rating on the software maker’s stock.

Separately, Zacks Investment Research lowered shares of Bridgeline Digital from a buy rating to a hold rating in a report on Tuesday, March 15th.

Shares of BLIN opened at $1.23 on Friday. Bridgeline Digital has a twelve month low of $1.07 and a twelve month high of $14.38. The firm’s fifty day simple moving average is $1.63 and its 200-day simple moving average is $2.06. The firm has a market capitalization of $12.57 million, a price-to-earnings ratio of -1.34 and a beta of 2.77. The company has a current ratio of 0.94, a quick ratio of 1.33 and a debt-to-equity ratio of 0.04.

Several institutional investors and hedge funds have recently made changes to their positions in BLIN. Renaissance Technologies LLC grew its position in shares of Bridgeline Digital by 28.5% in the 1st quarter. Renaissance Technologies LLC now owns 326,200 shares of the software maker’s stock valued at $623,000 after buying an additional 72,341 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of Bridgeline Digital in the 4th quarter valued at $161,000. Geode Capital Management LLC grew its position in shares of Bridgeline Digital by 92.6% in 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. Schonfeld Strategic Advisors LLC purchased a new position in shares of Bridgeline Digital in the 3rd quarter valued at $93,000. Finally, Squarepoint Ops LLC purchased a new position in shares of Bridgeline Digital in the 4th quarter valued at $29,000. Institutional investors and hedge funds own 26.08% of the company’s stock.

About Bridgeline Digital (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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