Insider Buying: Beeline (NASDAQ:BLNE) CEO Purchases 33,190 Shares

by · The Cerbat Gem

Beeline Holdings, Inc. (NASDAQ:BLNE – Get Free Report) CEO Nicholas Reyland Liuzza, Jr. acquired 33,190 shares of the firm’s stock in a transaction that occurred on Friday, September 11th. The shares were bought at an average cost of $1.04 per share, with a total value of $34,517.60. Following the completion of the purchase, the chief executive officer owned 5,039,989 shares of the company’s stock, valued at $5,241,588.56. This trade represents a 0.66% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

Beeline Stock Performance

NASDAQ:BLNE traded up $0.04 during mid-day trading on Monday, hitting $1.06. The company had a trading volume of 227,101 shares, compared to its average volume of 664,712. Beeline Holdings, Inc. has a fifty-two week low of $0.76 and a fifty-two week high of $4.65. The firm has a market cap of $34.74 million, a P/E ratio of -2.17 and a beta of 1.31. The business’s fifty day moving average is $1.02 and its two-hundred day moving average is $1.59.

Beeline (NASDAQ:BLNE – Get Free Report) last posted its earnings results on Friday, August 14th. The company reported ($0.13) earnings per share (EPS) for the quarter. The company had revenue of $3.56 million for the quarter. Beeline had a negative return on equity of 41.07% and a negative net margin of 212.25%. Equities analysts forecast that Beeline Holdings, Inc. will post -0.01 earnings per share for the current year.

Analyst Ratings Changes

BLNE has been the topic of several research analyst reports. Wall Street Zen downgraded Beeline from a “hold” rating to a “sell” rating in a research note on Sunday, May 17th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Beeline in a report on Wednesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

Read Our Latest Research Report on BLNE

Institutional Trading of Beeline

Several hedge funds and other institutional investors have recently modified their holdings of the company. LPL Financial LLC bought a new stake in Beeline in the 4th quarter valued at approximately $29,000. Virtu Financial LLC bought a new position in shares of Beeline during the 4th quarter worth approximately $30,000. Manchester Financial Inc. bought a new position in shares of Beeline during the 4th quarter worth approximately $31,000. HRT Financial LP acquired a new stake in shares of Beeline in the fourth quarter valued at approximately $34,000. Finally, Engineers Gate Manager LP raised its holdings in shares of Beeline by 69.0% in the second quarter. Engineers Gate Manager LP now owns 33,042 shares of the company’s stock valued at $40,000 after purchasing an additional 13,491 shares during the last quarter. Institutional investors and hedge funds own 0.58% of the company’s stock.

About Beeline

(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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