Insider Buying: Bridgeline Digital, Inc. (BLIN) Insider Buys 18,975 Shares of Stock

Bridgeline Digital, Inc. (NASDAQ:BLIN) insider Roger E. Kahn purchased 18,975 shares of the business’s stock in a transaction on Monday, August 21st. The shares were purchased at an average price of $2.63 per share, with a total value of $49,904.25. Following the acquisition, the insider now directly owns 659,869 shares in the company, valued at $1,735,455.47. The acquisition was disclosed in a filing with the SEC, which is available through this link.

Bridgeline Digital, Inc. (NASDAQ:BLIN) traded up 4.62% during trading on Monday, reaching $2.72. The company’s stock had a trading volume of 26,268 shares. Bridgeline Digital, Inc. has a one year low of $1.86 and a one year high of $5.10. The stock has a 50-day moving average of $7.33 and a 200 day moving average of $15.19. The firm’s market capitalization is $11.42 million.

Bridgeline Digital (NASDAQ:BLIN) last released its quarterly earnings data on Monday, August 14th. The software maker reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.05. Bridgeline Digital had a negative return on equity of 9.85% and a negative net margin of 29.84%. The firm had revenue of $4.07 million for the quarter, compared to analysts’ expectations of $4.02 million. On average, equities research analysts predict that Bridgeline Digital, Inc. will post ($0.40) EPS for the current fiscal year.

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Several equities analysts have weighed in on BLIN shares. ValuEngine upgraded Bridgeline Digital from a “sell” rating to a “hold” rating in a report on Tuesday, July 25th. Zacks Investment Research upgraded Bridgeline Digital from a “hold” rating to a “buy” rating and set a $3.75 price target for the company in a report on Monday, June 5th.

About Bridgeline Digital

Bridgeline Digital, Inc is a digital engagement company. The Company’s iAPPS platform is a Web Engagement Management (WEM) platform that integrates Web Content Management, e-commerce, e-marketing, Social Media management and Web Analytics to help marketers deliver digital experiences that engage and convert their customers across all channels.