Roger E. Kahn Purchases 15,000 Shares of Bridgeline Digital, Inc. (NASDAQ:BLIN) Stock

Bridgeline Digital, Inc. (NASDAQ:BLINGet Free Report) CEO Roger E. Kahn bought 15,000 shares of the business’s stock in a transaction on Thursday, September 14th. The stock was bought at an average cost of $0.87 per share, with a total value of $13,050.00. Following the completion of the purchase, the chief executive officer now directly owns 935,308 shares in the company, valued at $813,717.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Bridgeline Digital Price Performance

BLIN stock opened at $0.92 on Tuesday. Bridgeline Digital, Inc. has a one year low of $0.85 and a one year high of $1.68. The firm has a market cap of $9.58 million, a PE ratio of -5.11 and a beta of 2.28. The firm’s 50 day moving average price is $1.03 and its 200-day moving average price is $1.02. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.82 and a current ratio of 0.82.

Bridgeline Digital (NASDAQ:BLINGet Free Report) last posted its earnings results on Friday, August 11th. The software maker reported ($0.07) EPS for the quarter, meeting analysts’ consensus estimates of ($0.07). The company had revenue of $3.91 million for the quarter, compared to the consensus estimate of $3.82 million. Bridgeline Digital had a negative return on equity of 9.26% and a negative net margin of 11.33%. On average, equities research analysts anticipate that Bridgeline Digital, Inc. will post -0.18 EPS for the current year.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Bridgeline Digital stock. Kestra Private Wealth Services LLC purchased a new stake in Bridgeline Digital, Inc. (NASDAQ:BLINFree Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 70,000 shares of the software maker’s stock, valued at approximately $83,000. Kestra Private Wealth Services LLC owned 0.67% of Bridgeline Digital as of its most recent filing with the SEC. 27.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, assumed coverage on shares of Bridgeline Digital in a report on Monday. They issued a “hold” rating for the company.

Read Our Latest Stock Report on BLIN

About Bridgeline Digital

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Bridgeline Digital, Inc operates as a marketing technology company in the United States. 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.

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