Limelight Networks, Inc. (NASDAQ:LLNW) has earned a consensus rating of “Hold” from the nine ratings firms that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $5.05.
LLNW has been the topic of several research analyst reports. BidaskClub upgraded shares of Zebra Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, July 6th. Zacks Investment Research cut shares of Vermilion Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday. DA Davidson set a $16.00 price objective on shares of Redfin and gave the stock a “hold” rating in a research report on Tuesday, July 2nd. Finally, B. Riley set a $82.00 price objective on shares of Consolidated-Tomoka Land and gave the stock a “buy” rating in a research report on Monday.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Meitav Dash Investments Ltd. purchased a new position in shares of Limelight Networks during the 1st quarter valued at $44,000. Amalgamated Bank purchased a new position in shares of Limelight Networks during the 4th quarter valued at $38,000. Jane Street Group LLC purchased a new position in shares of Limelight Networks during the 4th quarter valued at $41,000. Legal & General Group Plc grew its holdings in shares of Limelight Networks by 25.1% during the 4th quarter. Legal & General Group Plc now owns 20,034 shares of the information services provider’s stock valued at $46,000 after acquiring an additional 4,014 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of Limelight Networks during the 1st quarter valued at $66,000. Hedge funds and other institutional investors own 73.03% of the company’s stock.
Limelight Networks stock traded down $0.10 during mid-day trading on Friday, hitting $2.37. The company’s stock had a trading volume of 17,684 shares, compared to its average volume of 843,229. The company has a quick ratio of 2.16, a current ratio of 2.16 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $315.93 million, a PE ratio of -119.00 and a beta of 2.07. Limelight Networks has a twelve month low of $2.21 and a twelve month high of $5.32. The firm’s fifty day simple moving average is $2.77.
Limelight Networks (NASDAQ:LLNW) last posted its quarterly earnings results on Wednesday, July 17th. The information services provider reported ($0.06) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.02). Limelight Networks had a negative return on equity of 12.93% and a negative net margin of 11.63%. The business had revenue of $45.90 million during the quarter, compared to analyst estimates of $46.40 million. During the same quarter last year, the firm posted $0.04 EPS. The company’s quarterly revenue was down 8.6% compared to the same quarter last year. As a group, analysts anticipate that Limelight Networks will post -0.04 earnings per share for the current year.
Limelight Networks Company Profile
Limelight Networks, Inc provides content delivery and related services and solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers services and solutions for businesses to deliver their digital content across Internet, mobile, social, and other digital initiatives.
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