Insider Buying: Bridgeline Digital, Inc. (NASDAQ:BLIN) Director Acquires $10,000.08 in Stock

Bridgeline Digital, Inc. (NASDAQ:BLIN) Director Joni Kahn bought 6,579 shares of the firm’s stock in a transaction dated Wednesday, March 26th. The stock was bought at an average cost of $1.52 per share, with a total value of $10,000.08. Following the transaction, the director now directly owns 6,579 shares of the company’s stock, valued at approximately $10,000.08. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

Bridgeline Digital Stock Up 0.7 %

Shares of NASDAQ BLIN opened at $1.47 on Monday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.62 and a current ratio of 0.62. Bridgeline Digital, Inc. has a 1 year low of $0.76 and a 1 year high of $2.80. The stock’s 50-day simple moving average is $1.62 and its 200-day simple moving average is $1.41. The firm has a market cap of $15.35 million, a price-to-earnings ratio of -7.74 and a beta of 1.85.

Bridgeline Digital (NASDAQ:BLIN) last posted its quarterly earnings data on Thursday, February 13th. The software maker reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.01). Bridgeline Digital had a negative return on equity of 15.38% and a negative net margin of 12.82%. As a group, equities analysts anticipate that Bridgeline Digital, Inc. will post -0.15 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. StockNews.com upgraded Bridgeline Digital from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. 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 note on Friday, February 14th.

Institutional Trading of Bridgeline Digital

Institutional investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC acquired a new position in Bridgeline Digital during the 4th quarter worth $31,000. Geode Capital Management LLC grew its stake in Bridgeline Digital by 33.8% in the fourth quarter. Geode Capital Management LLC now owns 90,340 shares of the software maker’s stock worth $143,000 after purchasing an additional 22,806 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in Bridgeline Digital by 27.7% in the fourth quarter. Renaissance Technologies LLC now owns 130,904 shares of the software maker’s stock worth $207,000 after purchasing an additional 28,375 shares in the last quarter. 15.08% of the stock is owned by institutional investors and hedge funds.

Bridgeline Digital Company Profile

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.