Shares of the company are trading at $2.65 which is just a bit below $2.79, the stock’s 50 day moving average and which is well below the 200 day moving average of $9.23. The 50 day moving average was down by -4.85% and the 200 day average moved down $-6.58. Trading was heavy with 32K shares changing hands by the end of trading on Tuesday. Shares saw a steep increase in trading volume of 39.40% over the normal average daily volume.
Investors are a little more bullish on the company if you watch the motion in short interest. The company had a fall in short interest from September 29, 2017 to October 13, 2017 of -25.11%. Short interest fell 8,887 over that period. Days to cover decreased from 4.0 to 1.0 and the percentage of shorted shares was 0.01% on October 13.
These firms have modified their investment in BLIN. As of the end of the quarter Goldman Sachs Group Inc had disposed of 20,000 shares trimming its position 44.0%. The value of the investment in BLIN decreased from $38,000 to $14,000 a change of 63.2% quarter over quarter. As of quarter end Citadel Advisors LLC had bought a total of 2,781 shares growing its stake by 16.0%. The value of the investment in Bridgeline Digital, Inc. went from $14,000 to $11,000 decreasing 21.4% quarter to quarter.
Kcg Holdings, Inc. added to its holdings by buying 109,381 shares an increase of 267.1% from 03/31/2017 to 06/30/2017. Kcg Holdings, Inc. claims 150,330 shares worth $84,000. The value of the position overall is up by 147.1%. As of the end of the quarter Ubs Group Ag had acquired a total of 13,330 shares growing its holdings by 171.1%. The value of the investment in (BLIN) went from $7,000 to $12,000 a change of $5,000 since the last quarter.
In the last earnings report the EPS was $-1.25 and is projected to be $-0.43 for the current year with 4,200,000 shares currently outstanding. Next quarter’s EPS is expected be $-0.05 with next year’s EPS projected to be $-0.14.
Bridgeline Digital, Inc., launched on August 28, 2000, is a digital engagement company. The Business’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. The iAPPS platform is delivered through a cloud-based Software as a Service (SaaS) multi-tenant business model, which provides customers with deployment providing maintenance, daily technical operation and support, or through a perpetual licensing business model, in which the iAPPS software resides on a server in either the customer’s facility or the Business’s Tier 1 co-managed hosting facility. The iAPPS platform provides a set of shared software modules that are used in Websites, online stores, intranets, extranets and portals. The iAPPS platform helps companies and developers to create Websites, Web applications and online stores with business logic and graphical user interfaces. The iAPPS suite of products includes iAPPS Experience Manager, iAPPS Content Manager, iAPPS Commerce, iAPPS Marketier, iAPPS Analyzer, iAPPSds and iAPPS Social..