Bridgeline Digital (NASDAQ:BLIN) Upgraded to “Buy” at Westpark Capital

Westpark Capital upgraded shares of Bridgeline Digital (NASDAQ:BLIN) from a hold rating to a buy rating in a report released on Friday morning,Benzinga reports. They currently have $4.62 target price on the software maker’s stock.

Separately, StockNews.com cut shares of Bridgeline Digital from a “buy” rating to a “hold” rating in a report on Tuesday.

Bridgeline Digital Stock Down 11.6 %

Shares of NASDAQ BLIN opened at $1.75 on Friday. The stock has a market cap of $18.23 million, a P/E ratio of -9.21 and a beta of 1.88. Bridgeline Digital has a 52-week low of $0.75 and a 52-week high of $2.80. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.62 and a current ratio of 0.62. The firm has a 50 day moving average price of $1.69 and a 200 day moving average price of $1.28.

Bridgeline Digital (NASDAQ:BLIN) last released its quarterly earnings results on Thursday, February 13th. The software maker reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.01). Bridgeline Digital had a negative net margin of 12.77% and a negative return on equity of 14.75%. Analysts expect that Bridgeline Digital will post -0.15 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC boosted its holdings in Bridgeline Digital by 33.8% during 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 last quarter. Renaissance Technologies LLC boosted its holdings 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 purchasing an additional 28,375 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in Bridgeline Digital during the fourth quarter worth $31,000. Institutional investors and hedge funds own 15.08% of the company’s stock.

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.