Key Points
- Beeline CFO Christopher Moe bought 10,000 shares on May 19 at an average price of $1.04 each, spending $10,400. After the purchase, he owned 50,000 shares, a 25% increase in his stake.
- Beeline’s stock has been under pressure, recently trading around $1.02, well below its 50-day moving average of $2.19 and 200-day average of $2.33. The stock has ranged from a 52-week low of $0.62 to a high of $4.65.
- The company remains unprofitable, posting a loss of $0.14 per share in its latest quarter on $2.36 million in revenue. Analysts currently expect Beeline to report roughly -$0.01 EPS for the full year.
Beeline Holdings, Inc. (NASDAQ:BLNE - Get Free Report) CFO Christopher Moe bought 10,000 shares of Beeline stock in a transaction dated Tuesday, May 19th. The shares were acquired at an average cost of $1.04 per share, with a total value of $10,400.00. Following the completion of the purchase, the chief financial officer owned 50,000 shares in the company, valued at approximately $52,000. This trade represents a 25.00% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Beeline Stock Performance
Beeline stock opened at $1.02 on Wednesday. The stock has a market capitalization of $31.80 million, a P/E ratio of -0.15 and a beta of 1.36. The company's fifty day moving average price is $2.19 and its 200 day moving average price is $2.33. Beeline Holdings, Inc. has a 1 year low of $0.62 and a 1 year high of $4.65.
Beeline (NASDAQ:BLNE - Get Free Report) last posted its quarterly earnings data on Tuesday, March 31st. The company reported ($0.14) earnings per share for the quarter. The company had revenue of $2.36 million for the quarter. Beeline had a negative return on equity of 39.90% and a negative net margin of 234.55%. Sell-side analysts predict that Beeline Holdings, Inc. will post -0.01 EPS for the current year.
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on BLNE. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Beeline in a research note on Friday, March 27th. Wall Street Zen cut Beeline from a "hold" rating to a "sell" rating in a report on Sunday. Finally, LADENBURG THALM/SH SH upgraded Beeline to a "strong-buy" rating in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy".
View Our Latest Analysis on BLNE
Institutional Investors Weigh In On Beeline
A number of large investors have recently modified their holdings of the business. Bank of America Corp DE lifted its stake in shares of Beeline by 10,007.5% in the first quarter. Bank of America Corp DE now owns 21,630 shares of the company's stock worth $51,000 after buying an additional 21,416 shares in the last quarter. Citizens Financial Group Inc. RI acquired a new stake in Beeline in the 1st quarter valued at about $217,000. Relyea Zuckerberg Hanson LLC raised its holdings in Beeline by 185.7% in the 1st quarter. Relyea Zuckerberg Hanson LLC now owns 40,000 shares of the company's stock valued at $94,000 after acquiring an additional 26,000 shares during the last quarter. Intrua Financial LLC purchased a new position in Beeline in the 1st quarter worth approximately $69,000. Finally, Virtu Financial LLC purchased a new position in Beeline in the 4th quarter worth approximately $30,000. 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.
Further Reading
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