Bridgeline Digital (NASDAQ:BLIN) Downgraded by Zacks Investment Research to “Strong Sell”

Bridgeline Digital (NASDAQ:BLIN) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research report issued on Friday, Zacks.com reports.

According to Zacks, “Bridgeline Digital, Inc. is a digital engagement company. The Company’s Bridgeline’s iAPPS platform integrates Web Content Management, e-commerce, e-marketing, Social Media management and Web Analytics. The iAPPS suite of products include iAPPS Content Manager, iAPPS Commerce, iAPPS Marketier, iAPPS Analyzer, iAPPSds and iAPPS Social. Bridgeline Digital, Inc., formerly known as Bridgeline Software, Inc., is based in Burlington, Massachusetts. “

Shares of NASDAQ:BLIN traded down $0.04 during trading on Friday, hitting $2.07. 2,123 shares of the stock traded hands, compared to its average volume of 394,796. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.07. The company has a market cap of $21.09 million, a price-to-earnings ratio of -1.50 and a beta of 2.89. The company has a fifty day moving average price of $2.66 and a two-hundred day moving average price of $4.10. Bridgeline Digital has a 52-week low of $2.00 and a 52-week high of $14.38.

Bridgeline Digital (NASDAQ:BLIN) last issued its quarterly earnings results on Monday, December 20th. The software maker reported ($0.40) EPS for the quarter. Bridgeline Digital had a negative return on equity of 75.03% and a negative net margin of 50.44%. During the same quarter in the previous year, the business posted $0.24 earnings per share. On average, equities research analysts predict that Bridgeline Digital will post -0.04 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Schonfeld Strategic Advisors LLC purchased a new stake in Bridgeline Digital in the 3rd quarter worth $93,000. Renaissance Technologies LLC boosted its stake 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 purchasing an additional 136,032 shares during the last quarter. Geode Capital Management LLC boosted its stake in Bridgeline Digital by 92.6% during the 3rd quarter. Geode Capital Management LLC now owns 46,390 shares of the software maker’s stock worth $190,000 after purchasing an additional 22,306 shares during the last quarter. AIGH Capital Management LLC acquired a new stake in Bridgeline Digital during the 3rd quarter worth $17,214,000. Finally, GWM Advisors LLC boosted its stake in Bridgeline Digital by 8.1% during the 3rd quarter. GWM Advisors LLC now owns 44,822 shares of the software maker’s stock worth $184,000 after purchasing an additional 3,361 shares during the last quarter. 25.00% of the stock is owned by institutional investors.

About Bridgeline Digital

Bridgeline Digital, Inc is an information technology company. It engages in the development of web engagement management product platform and related digital solutions. The firm also enables its customers to maximize the performance of their mission critical websites, intranets, and online stores. Its platform provides Web Content Management, eCommerce, eMarketing, Social Media management, and Web Analytics.

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