Bridgeline Digital, Inc. (NASDAQ:BLIN) Director Joni Kahn Acquires 6,579 Shares

Bridgeline Digital, Inc. (NASDAQ:BLIN) Director Joni Kahn bought 6,579 shares of Bridgeline Digital stock in a transaction dated Wednesday, March 26th. The shares were acquired at an average price of $1.52 per share, with a total value of $10,000.08. Following the completion of the purchase, the director now owns 6,579 shares in the company, valued at approximately $10,000.08. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Bridgeline Digital Trading Up 0.7 %

NASDAQ:BLIN opened at $1.47 on Friday. Bridgeline Digital, Inc. has a 52 week low of $0.76 and a 52 week high of $2.80. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.02. The company has a market cap of $15.35 million, a PE ratio of -7.74 and a beta of 1.85. The business’s 50 day moving average is $1.62 and its two-hundred day moving average is $1.40.

Bridgeline Digital (NASDAQ:BLIN) last announced 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%. On average, analysts predict that Bridgeline Digital, Inc. will post -0.15 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on BLIN shares. StockNews.com upgraded shares of Bridgeline Digital from a “hold” rating to a “buy” rating in a research note 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 on the stock in a research note on Friday, February 14th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Jane Street Group LLC bought a new position in Bridgeline Digital in the fourth quarter worth about $31,000. Geode Capital Management LLC raised its position in shares of Bridgeline Digital by 33.8% during the 4th 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 during the period. Finally, Renaissance Technologies LLC lifted its holdings in shares of Bridgeline Digital by 27.7% in the 4th 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 during 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.