Insider Alert: Bridgeline Digital, Inc. (NASDAQ:BLIN) Notable Insider Activity

According to the latest filings with the SEC, company insiders at Bridgeline Digital, Inc. (NASDAQ:BLIN) have increased their position in the stock by 33.16% over the past 6 months.  Insiders now own 4.00% of total outstanding shares. 

University of Michigan professor and noted insider trading researcher discovered that when insiders bought shares of their own companies, the stocks outperformed the total market by 8.9% over the next 12-month period.  When they sold shares, the stock underperformed 5.4%.

Bridgeline Digital, Inc. (NASDAQ:BLIN) stands -15.34% away from its 50-day simple moving average and also -16.84% away from the 200-day average.  Recently, the equity stands -62.66% away from the 52-week high and 37.21% from the 52-week low.  The RSI (Relative Strength Index), an indicator that shows price strength by comparing upward and downward close-to-close movements is 42.97.

ANALYST RECOMMENDATIONS

Wall Street analysts on the sell-side covering shares of Bridgeline Digital, Inc. (NASDAQ:BLIN) have a mean recommendation of 2.00 on the shares.  This is based on a numerical chart where each stock recommendation (Buy,Sell,Hold) is translated into a numerical equivalent.  A low number indicates a Buy and a higher number a Sell.  In terms of where analysts see the stock headed, they have a consensus price target of $1.05  on the shares.

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