Separately, Zacks Investment Research lowered Bridgeline Digital from a buy rating to a hold rating in a research note on Tuesday, March 15th.
NASDAQ BLIN opened at $1.68 on Wednesday. Bridgeline Digital has a twelve month low of $1.54 and a twelve month high of $14.38. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.33 and a current ratio of 1.33. The stock has a market capitalization of $16.98 million, a PE ratio of -1.58 and a beta of 2.85. The stock has a 50-day simple moving average of $1.85 and a 200 day simple moving average of $2.43.
A number of institutional investors and hedge funds have recently modified their holdings of BLIN. AIGH Capital Management LLC bought a new position in Bridgeline Digital during the third quarter valued at about $17,214,000. Renaissance Technologies LLC grew its stake in shares of Bridgeline Digital by 535.6% in the 3rd quarter. Renaissance Technologies LLC now owns 161,432 shares of the software maker’s stock valued at $663,000 after purchasing an additional 136,032 shares during the period. Virtu Financial LLC bought a new stake in shares of Bridgeline Digital in the 4th quarter valued at approximately $161,000. Schonfeld Strategic Advisors LLC bought a new stake in shares of Bridgeline Digital in the 3rd quarter valued at approximately $93,000. Finally, Geode Capital Management LLC grew its stake 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 purchasing an additional 22,306 shares during the period. Hedge funds and other institutional investors own 28.26% 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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