Insider Buying: Bridgeline Digital, Inc. (NASDAQ:BLIN) Director Buys 6,579 Shares of Stock

Bridgeline Digital, Inc. (NASDAQ:BLIN) Director Joni Kahn purchased 6,579 shares of the company’s stock in a transaction dated Wednesday, March 26th. The stock was purchased at an average cost of $1.52 per share, for a total transaction of $10,000.08. Following the transaction, the director now 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Bridgeline Digital Stock Performance

Shares of Bridgeline Digital stock traded up $0.01 during midday trading on Friday, hitting $1.47. The company had a trading volume of 62,301 shares, compared to its average volume of 82,944. The stock has a market cap of $15.35 million, a PE ratio of -7.74 and a beta of 1.85. Bridgeline Digital, Inc. has a 1-year low of $0.76 and a 1-year high of $2.80. The business’s 50 day simple moving average is $1.63 and its two-hundred day simple moving average is $1.40. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.62 and a quick ratio of 0.62.

Bridgeline Digital (NASDAQ:BLIN) last posted its quarterly earnings results 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 predict that Bridgeline Digital, Inc. will post -0.15 EPS for the current fiscal year.

Hedge Funds Weigh In On Bridgeline Digital

Large investors have recently added to or reduced their stakes in the company. Jane Street Group LLC acquired a new stake in shares of Bridgeline Digital during the 4th quarter worth approximately $31,000. Geode Capital Management LLC lifted its position 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 during the period. Finally, Renaissance Technologies LLC boosted its stake in Bridgeline Digital by 27.7% during the fourth quarter. Renaissance Technologies LLC now owns 130,904 shares of the software maker’s stock worth $207,000 after buying an additional 28,375 shares in the last quarter. Institutional investors and hedge funds own 15.08% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. 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 report on Friday, February 14th. StockNews.com upgraded Bridgeline Digital from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th.

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.