The framework reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved up 15.1% since our last review. Ethical screening: PASS with near-perfect ethical score. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it C. Technically it is sitting below its long-term trend line with momentum reading bearish. Over the past year the shares are down 30%. Our forward projection puts the odds of a 10% gain over the next month near 28%. The street (1 analysts) rates it none, with a mean price target of $5.
Bridgeline Digital, Inc. BLIN
Clears both ethical standards
An entry written while the outcome is still unknown. It will be scored by what the market does next, and it will never be edited to look cleverer than it was.
In plain words · Bridgeline Digital, Inc.
read at $1.22
Bridgeline Digital, Inc. holds its Markup at $1.22.
- PHPhase · the trend structure carries the Markup label
- INInsiders · no filings inside 60 days, left as found
- POPositioning · no disclosures inside 60 days, left as found
- OPOptions · no verdict drawn today, left as found
- SCScreen · passes the values gate
- edge confirmed
- edge broken
- edge forming
Each arm is one independent read. Conviction is not a single call, it is how many edges converge.
The investor read · the season, not the day
| Phase | Markup |
| Quantitative state | Consolidating, no directional conviction, held for 2 days |
| Price | $1.22 |
| Valuation | N/A trailing · 10.17 forward price to earnings |
| Values screen | PASS · score 92.6 |
| Beta | 1.00 |
The opportunity · what the numbers say it is worth
Our framework reads OPPORTUNITY — it trades above our $0.89 fair value estimate, weak competitive moat, 1.10% revenue growth.
Price history & projections · where it has been, where the models see it going
The valuation journey · where the price sits against fair value and the Street
Green marks levels above today's price, red below; the shaded band is the gap between the price and our fair value.
| Revenue growth | 1.10% |
| Profit margin | -10.75% |
| Debt to equity | 7.20 |
Fair value and rating are our own model estimates; target range reflects third-party analyst estimates. Analysis, not advice.
The values screen, explained · five checks, plain English
This company clears both standards. There are two widely recognised ways to check whether a company is suitable for a Muslim investor. Here is how it did on each:
Used by most halal investing apps ✓ PASSES
The one Titan applies ✓ PASSES
What these two standards are, and how they differ →
- Business activity Its core business isn't built on prohibited lines — no gambling, alcohol, tobacco, weapons, or interest-based lending. Pass
- Debt load Interest-bearing debt is just 6.4% of its assets, well under the one-third ceiling — it does not run on borrowed money. Pass
- Interest-bearing cash Cash held in interest-bearing accounts and securities is 13.2% of assets, under the one-third limit. Pass
- Receivables Money owed to the company is 0.0% of assets, under the 49% limit. Pass
- Revenue purity Only 0.0% of revenue comes from non-compliant sources — under the 5% line. Pass
Every security is read against two recognised standards: our stricter asset-based screen (ratios measured against total assets) and the more widely used market-value standard (measured against market capitalisation). Where they agree we say so plainly; where they part ways — almost always on the debt check — we show both readings and mark it, because that disagreement is the finding, not a fault. We report the score; you and your scholar make the call.
The business, in plain words · what the numbers mean
Tiny search tool firm offers slim value
Picture a small outfit selling site search add-ons to retailers that already have bigger platforms doing the same job. Bridgeline Digital clears the ethical screen and carries an opportunity label, yet it trades at $1.22 against a fair value of $0.89. Forward earnings sit at 10.2 times, revenue edges up just 1 percent, and the business still posts an 11 percent loss margin with negative 17 percent return on equity.
The weak competitive position stands out most. HawkSearch and Celebros give marketers basic personalisation, but nothing that larger rivals cannot match or bundle for free. Low multiples often flag companies that cannot grow profitably, and here the numbers line up with that pattern rather than any hidden bargain.
Risk sits in the thin growth, persistent losses and limited ability to defend pricing. Currency or sector swings could widen the gap to fair value quickly. Analysis, not advice.
| Forward P/E | 10.2x expensive even after accounting for its growth |
| Revenue growth | 1.1% slow but positive growth |
| Profit margin | -10.8% currently unprofitable |
| Return on equity | -16.7% not currently earning a positive return on equity |
| Debt to equity | 0.07 minimal debt — a conservative balance sheet |
| Current ratio | 0.67 below 1 — short-term bills exceed liquid assets |
| Beta | 1.00 moves a little more than the market |
| Market cap | $15M |
| Employees | 40 |
The risks · The things to watch: it's a small-cap, so the share price can swing harder than the market.
Plain-English interpretation of our own screen data. Analysis, not advice.
Related securities · others in BLIN's space worth a look
Screened names in the same industry · explore each on its own page.
Where & how to trade · wherever in the world you are
BLIN trades on Nasdaq. As a US-listed security it is accessible through almost any international broker offering US markets. New to this, or investing from outside the US? Our guide to accessing global markets covers brokers, currencies and the practical steps.
The trader read · the latest dated commentary
The dated journal · newest first, never edited
The framework reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.0% since our last review. Ethical screening: PASS with near-perfect ethical score. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it C. Technically it is sitting below its long-term trend line with momentum reading bearish. Over the past year the shares are down 30%. Our forward projection puts the odds of a 10% gain over the next month near 28%. The street (1 analysts) rates it none, with a mean price target of $5.
The framework reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.0% since our last review. Ethical screening: PASS with near-perfect ethical score (93). The risk-adjusted return profile shows modest positive risk-adjusted returns.
The framework reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Ethical screening: PASS with near-perfect ethical score (93). The risk-adjusted return profile shows modest positive risk-adjusted returns.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.
The insider ledger · Form 4 filings, as filed
| Date | Insider | Title | Type | Shares | Value |
|---|---|---|---|---|---|
| 2026-03-10 | KAHN ROGER E | Chief Executive Officer | 10,000 | $9,300 | |
| 2026-03-03 | KETSLAKH MICHAEL | Director | 6,959 | $5,915 | |
| 2026-02-25 | KETSLAKH MICHAEL | Director | 13,041 | $11,085 | |
| 2026-02-19 | KAHN ROGER E | Chief Executive Officer | 54,301 | $42,206 | |
| 2026-02-19 | KETSLAKH MICHAEL | Director | 1,353 | $1,150 | |
| 2026-01-30 | GALAZNIK KENNETH J | Director | 22,500 | · | |
| 2026-01-30 | KAHN JONI | Director | 22,500 | · | |
| 2026-01-30 | KAHN ROGER E | Chief Executive Officer | 300,000 | $246,000 | |
| 2026-01-30 | KETSLAKH MICHAEL | Director | 22,500 | · | |
| 2026-01-30 | ROSS BRANDON | Director | 22,500 | · |
Public filings, recorded as found. The full tape lives at Insider Intelligence.
The political ledger · congressional disclosures
| Date | Politician | Party | Type | Amount |
|---|---|---|---|---|
| 21 May2026 | Scott Peters | Democrat | sell | 250K–500K |
What holding actually paid · price plus dividends
| Period | Price then | Price return | Divs per share | $1,000 became | Total return |
|---|---|---|---|---|---|
| 1 month | $0.96 | +14.6% | · | $1,146 | +14.6% |
| 2 months | $0.85 | +29.4% | · | $1,294 | +29.4% |
| 3 months | $0.95 | +15.8% | · | $1,158 | +15.8% |
| 6 months | $1.06 | +3.8% | · | $1,038 | +3.8% |
| 1 year | $1.57 | -29.9% | · | $701 | -29.9% |
| 2 years | $1.07 | +2.8% | · | $1,028 | +2.8% |
| 3 years | $1.13 | -2.6% | · | $974 | -2.6% |
| 5 years | $2.71 | -59.4% | · | $406 | -59.4% |
Historical returns from market close data. Past performance does not guarantee future results.