Wall Street Zen Upgrades Beeline (NASDAQ:BLNE) to Hold

Key Points

• Wall Street Zen upgraded Beeline from sell to hold, while other analysts remain split on the stock with ratings ranging from sell to strong-buy.
• Beeline’s stock opened at $1.92, below its 50-day and 200-day moving averages, and the company currently has a $58.84 million market cap with a 52-week range of $0.62 to $4.65.
• The company reported a quarterly EPS loss of $0.14 on $2.36 million in revenue, and analysts expect Beeline to post roughly -0.01 EPS for the current fiscal year.

Beeline (NASDAQ:BLNE - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Saturday.

Other equities research analysts have also recently issued research reports about the company. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Beeline in a research note on Friday, March 27th. LADENBURG THALM/SH SH upgraded shares of Beeline to a "strong-buy" rating in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy".

Beeline Stock Performance

BLNE stock opened at $1.92 on Friday. The company has a fifty day moving average price of $2.40 and a 200-day moving average price of $2.43. The company has a market capitalization of $58.84 million, a P/E ratio of -0.29 and a beta of 1.36. Beeline has a 52-week low of $0.62 and a 52-week high of $4.65.

Beeline (NASDAQ:BLNE - Get Free Report) last released its quarterly earnings results on Tuesday, March 31st. The company reported ($0.14) earnings per share (EPS) for the quarter. The business had revenue of $2.36 million for the quarter. Beeline had a negative net margin of 298.16% and a negative return on equity of 42.97%. As a group, sell-side analysts forecast that Beeline will post -0.01 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. LPL Financial LLC purchased a new position in Beeline in the fourth quarter valued at about $29,000. Virtu Financial LLC purchased a new stake in shares of Beeline during the 4th quarter valued at approximately $30,000. Manchester Financial Inc. purchased a new stake in shares of Beeline during the 4th quarter valued at approximately $31,000. GRIMES & Co WEALTH MANAGEMENT LLC purchased a new stake in shares of Beeline during the 4th quarter valued at approximately $32,000. Finally, HRT Financial LP purchased a new stake in shares of Beeline during the 4th quarter valued at approximately $34,000. 0.58% of the stock is currently owned by hedge funds and other institutional investors.

About Beeline

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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