Beeline Holdings, Inc. (NASDAQ:BLNE - Get Free Report) shares were down 8.3% during mid-day trading on Monday . The company traded as low as $1.87 and last traded at $1.88. Approximately 916,289 shares traded hands during trading, an increase of 45% from the average daily volume of 632,497 shares. The stock had previously closed at $2.05.
Analysts Set New Price Targets
Several analysts have recently commented on the stock. Weiss Ratings reiterated a "sell (d-)" rating on shares of Beeline in a research report on Friday, March 27th. Wall Street Zen downgraded Beeline from a "hold" rating to a "sell" rating in a research report on Saturday, April 4th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy".
Read Our Latest Stock Analysis on Beeline
Beeline Trading Down 8.3%
The stock has a market capitalization of $57.62 million, a price-to-earnings ratio of -0.28 and a beta of 1.63. The business has a 50 day simple moving average of $2.50 and a 200-day simple moving average of $2.48.
Beeline (NASDAQ:BLNE - Get Free Report) last posted its quarterly earnings data on Tuesday, March 31st. The company reported ($0.14) EPS for the quarter. Beeline had a negative net margin of 298.16% and a negative return on equity of 42.97%. The company had revenue of $2.36 million for the quarter. Research analysts predict that Beeline Holdings, Inc. will post -0.01 EPS for the current year.
Hedge Funds Weigh In On Beeline
A number of large investors have recently bought and sold shares of BLNE. Creative Planning acquired a new position in shares of Beeline in the 2nd quarter valued at $51,000. NewEdge Advisors LLC purchased a new position in shares of Beeline in the 2nd quarter worth $55,000. Relyea Zuckerberg Hanson LLC purchased a new position in shares of Beeline in the 3rd quarter worth $55,000. Vanguard Group Inc. acquired a new position in Beeline in the third quarter valued at $1,330,000. Finally, Waddell & Associates LLC boosted its holdings in Beeline by 100.0% in the third quarter. Waddell & Associates LLC now owns 20,000 shares of the company's stock valued at $79,000 after acquiring an additional 10,000 shares during the last quarter. Hedge funds and other institutional investors own 0.58% of the company's stock.
Beeline Company Profile
(
Get Free Report)
Beeline Holdings, Inc is a mortgage fintech company that provides a digital, AI-powered lending and title platform designed to streamline the home loan process. Headquartered in Providence, Rhode Island, Beeline aims to make mortgages simpler and faster by combining technology with an end-to-end approach across origination and title services. The company focuses on improving efficiency and transparency for homebuyers and homeowners, supporting broader access to financial flexibility through property ownership.
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