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The Screen · Technology · Software - Infrastructure

Bridgeline Digital, Inc. logoBridgeline Digital, Inc.

BLIN · Nasdaq · USD · Market cap $9M · 40 employees

Bridgeline Digital, Inc.

Not yet scored
0.72 USD

Price as of 23 Oct 2026Daily close, not a live quoteLast reviewed 5 days ago

Screened 2026-10-23 · the tape above runs as of 18:04 UTC · two dates, stated on purpose · verdict and workings shown in full · never trimmed

Key facts today

  • Price0.72 USD at the 23 Oct 2026 close
  • Our ratingFair value, current read distribution
  • Ethical screenNot yet scored
  • Last reviewed23 Oct 2026 (5 days ago)

A summary of the dated readings below, not a live quote and not advice.

PRICE · FAIR-VALUE RANGE1M3M6MYTD1Y3Y5Y
0.920.921.44

What this means: price 0.72 against the desk's fair-value range, base estimate 0.92, over the last year.

Current read
Distribution ?
FAIR VALUE · screened 2026-10-23
  • Trend Distribution
  • Insiders no filings inside 60 days, left as found
  • Positioning no disclosures inside 60 days, left as found
  • Options no verdict drawn today, left as found
  • Ethical screen not yet scored
Price0.72 USD
Fair value0.92
Ethical score92.6/100
RatingFAIR VALUE
Our investment reviews on this name
2026-10-23Read Distribution0.72-0.7% to today ✓Markdown gives way to Distribution after a 25% slide in 9 weeks
2026-08-23Read Markdown0.97-25.9% to today ✓Distribution gives way to Markdown after a 9% slide in 7 weeks
2026-07-02Read Distribution1.06-32.4% to today ✓First review on file: Distribution

Our analytic regime reads on this name, dated and marked against the screened price. Small sample per name, and separate from the daily-framework accuracy on the Track Record page.

The full research record, in depth, below
The Label · The Season, Not the Day

This name holds its distribution label.

Bridgeline Digital, Inc. holds its Distribution at $0.72. Elevated stress, defensive posture warranted, held for 58 days.

As held on the ledger · 2026-10-23
PhaseDistribution · caution
Quantitative stateElevated stress, defensive posture warranted, held for 58 days
Price at the screen$0.72
ValuationN/A trailing · 6.17 forward price to earnings
Values screenNot scored · score 92.6
Beta0.92
The Workings

Five Screens, Shown in Full

This security has not been fully scored against the values screen yet.

TestFigureLimitWhat it meansStatus
Business activity Permissible Core business clean Its core business isn't built on prohibited lines: no gambling, alcohol, tobacco, weapons, or interest-based lending. Pass
Debt load 6.45% Below 33% 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 13.21% Below 33% Cash held in interest-bearing accounts and securities is 13.2% of assets, under the one-third limit. Pass
Receivables 0.00% Below 49% Money owed to the company is 0.0% of assets, under the 49% limit. Pass

Five checks adapted from AAOIFI screening standards: business activity plus four balance-sheet ratios. All five must pass for ethical clearance. Every figure is arithmetic on public accounts, not judgement.

The Ethical Read

The Read, in Plain English

Bridgeline Digital, clears the business-activity screen and the figures we can measure look clean, but one or more financial figures are still pending, so the verdict is not final yet.

Read as at 2026-10-27. It updates when the underlying figures move, and past reads are kept below.

2026-10-25

Bridgeline Digital, clears the business-activity screen and the figures we can measure look clean, but one or more financial figures are still pending, so the verdict is not final yet.

2026-09-24 Clears

Bridgeline Digital, clears all five screens. Its business is in a permissible area, its interest-bearing debt is about 6%, inside the ~33% line, and almost none of its income is interest, so it passes.

Earlier reads, kept as written. The ethical profile is tracked over time, not overwritten.

What the Numbers Say It Is Worth

The Fair Value Range

Our analysis reads FAIR VALUE: it trades at roughly a 28% discount to our $0.92 fair value, weak competitive moat, 2.00% revenue growth.

0.92Conservative0.92Base case1.44Growth case 0.72Price

Fair value range in USD, drawn from the 2026-10-23 screen. The gold marker is the market price at the same screen. A 28.2% margin of safety to the base estimate.

Price History & Projections
$2.9$1.8$0.7TODAY5y agoPROJECTIONConservative$0.92 -16%Our fair value$0.92 -16%

Where it has been, where the models see it going. History from market close data; projection points are our fair-value estimates and third-party analyst targets, dated to the 2026-10-23 screen.

Fair value and rating are our own model estimates; the Street's range reflects third-party analyst estimates. Analysis, not advice.

The Business, in Plain Words

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.

The fundamentals · plain-English read
Forward P/E6.2xexpensive even after accounting for its growth
EPS, trailing-0.10
EPS, forward0.12
Revenue growth+2.0%slow but positive growth
Profit margin-8.6%currently unprofitable
Return on equity-14.2%not currently earning a positive return on equity
FCF yield4.37%
Debt to equity0.11minimal debt: a conservative balance sheet
Current ratio0.61below 1: short-term bills exceed liquid assets
Beta0.92steadier than the market
Short interest, float0.00%
52-week range0.69 - 1.45
MoatWEAK
Market cap$9M
Employees40

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.

Where & How to Trade

BLIN trades on Nasdaq. As a listed security it is accessible through almost any international broker offering its home market. New to this, or investing from abroad? Our guide to accessing global markets covers brokers, currencies and the practical steps.

The Dated Journal · Newest First, Never Edited

Every Entry, As Written

2026-10-23 Distribution · changed $0.72 -2.5% Entry 8

The framework has shifted from markdown to distribution since the last review. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 2.5% since our last review. Ethical screening: not fully scored yet. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it D. Technically it is 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.

2026-10-14 Markdown $0.74 -12.9% Entry 7

The analysis reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 12.9% 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 D. 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.

2026-10-02 Markdown $0.85 -12.1% Entry 6

Our analysis reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 12.1% 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.

2026-08-23 Markdown · changed $0.97 -20.8% Entry 5

The framework has shifted from distribution to markdown since the last review. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 20.8% 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 D. 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.

2026-07-23 Distribution $1.22 +15.1% Entry 4

Our analysis 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.

2026-07-18 Distribution $1.06 +0.0% Entry 3

Our analysis 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.

2026-07-03 Distribution $1.06 +0.0% Entry 2

Our analysis 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.

2026-07-02 Distribution $1.06 Entry 1

Our analysis 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.

Latest News · What the Market Is Reading on BLIN

Headlines from third-party outlets, linked for reference: not our reporting, not advice.

Related Securities · Others in BLIN's Space

Screened names in the same industry · explore each on its own page.

The Insider Ledger · Form 4 Filings, As Filed
Most recent filings · BLIN
DateInsiderTitleTypeSharesValue
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
Disclosures naming BLIN
DatePoliticianPartyTypeAmount
2026-05-21 Scott Peters Democrat sell 250K–500K
What Holding Actually Paid · Price Plus Dividends
If $1,000 had been placed · historical, not a promise
PeriodPrice thenPrice returnDivs per share$1,000 becameTotal 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.

The Ledger's Promise

This entry now belongs to the ledger. Whatever BLIN does next, these words stay.

Bridgeline Digital, Inc. · BLIN · Distribution · $0.72
Recorded 2026-10-23 · before the outcome · scored mechanically

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