Limelight Networks, Inc. (NASDAQ:LLNW)‘s stock had its “buy” rating reiterated by stock analysts at B. Riley in a note issued to investors on Tuesday. They presently have a $3.70 price target on the stock. B. Riley’s price target indicates a potential upside of 51.02% from the company’s previous close.
LLNW has been the topic of several other reports. FBR & Co reissued a “hold” rating and issued a $2.50 target price on shares of Limelight Networks in a report on Thursday, February 9th. Zacks Investment Research lowered shares of Limelight Networks from a “hold” rating to a “sell” rating in a report on Tuesday, December 27th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $2.89.
Shares of Limelight Networks (NASDAQ:LLNW) traded up 0.41% during trading on Tuesday, hitting $2.45. 236,149 shares of the stock were exchanged. Limelight Networks has a 52 week low of $1.17 and a 52 week high of $2.90. The firm’s market capitalization is $262.32 million. The firm has a 50 day moving average price of $2.33 and a 200 day moving average price of $2.14.
Limelight Networks (NASDAQ:LLNW) last released its earnings results on Wednesday, February 8th. The company reported $0.02 EPS for the quarter, beating the consensus estimate of $0.01 by $0.01. Limelight Networks had a negative net margin of 42.13% and a negative return on equity of 7.97%. The firm had revenue of $43.80 million for the quarter, compared to analyst estimates of $43.66 million. The firm’s quarterly revenue was up 2.6% on a year-over-year basis. Analysts forecast that Limelight Networks will post $0.04 EPS for the current fiscal year.
Large investors have recently bought and sold shares of the stock. A.R.T. Advisors LLC increased its stake in Limelight Networks by 206.3% in the fourth quarter. A.R.T. Advisors LLC now owns 84,575 shares of the company’s stock worth $213,000 after buying an additional 56,959 shares during the last quarter. Renaissance Technologies LLC increased its stake in Limelight Networks by 3.5% in the fourth quarter. Renaissance Technologies LLC now owns 2,353,086 shares of the company’s stock worth $5,930,000 after buying an additional 78,631 shares during the last quarter. Cortina Asset Management LLC increased its stake in Limelight Networks by 78.3% in the fourth quarter. Cortina Asset Management LLC now owns 2,840,308 shares of the company’s stock worth $7,158,000 after buying an additional 1,247,346 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Limelight Networks by 1.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,609,427 shares of the company’s stock worth $9,096,000 after buying an additional 50,127 shares during the last quarter. Finally, State Street Corp increased its stake in Limelight Networks by 4.6% in the fourth quarter. State Street Corp now owns 1,125,653 shares of the company’s stock worth $2,838,000 after buying an additional 49,423 shares during the last quarter. Institutional investors own 67.21% of the company’s stock.
Limelight Networks Company Profile
Limelight Networks, Inc operates a distributed network and provides a suite of integrated services marketed as the Limelight Orchestrate Platform. The Company is engaged in providing content delivery and related services and solutions for global businesses to help them deliver their digital content across Internet, mobile, and social channels.