Lionbridge Technologies Inc. (LIOX) Shares Up 4.5%
Lionbridge Technologies Inc. (NASDAQ:LIOX) shot up 4.5% during trading on Monday . The company traded as high as $4.70 and last traded at $4.67, with a volume of 222,941 shares changing hands. The stock had previously closed at $4.47.
Several research analysts have recently issued reports on the company. Barrington Research cut their price target on Lionbridge Technologies from $8.00 to $7.00 and set an “outperform” rating for the company in a research note on Monday, May 9th. TheStreet raised Lionbridge Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, March 30th. B. Riley reaffirmed a “buy” rating and set a $6.75 price target on shares of Lionbridge Technologies in a research note on Friday, May 6th. Finally, Zacks Investment Research raised Lionbridge Technologies from a “hold” rating to a “buy” rating and set a $4.75 price target for the company in a research note on Tuesday, May 10th.
The firm’s 50-day moving average is $4.23 and its 200 day moving average is $4.50. The stock has a market capitalization of $269.81 million and a PE ratio of 23.72.
Lionbridge Technologies (NASDAQ:LIOX) last issued its quarterly earnings data on Thursday, May 5th. The company reported $0.09 EPS for the quarter, missing the Zacks’ consensus estimate of $0.12 by $0.03. During the same period in the prior year, the firm posted $0.14 EPS. The company earned $136.50 million during the quarter, compared to analysts’ expectations of $138.01 million. Lionbridge Technologies’s revenue was down .2% compared to the same quarter last year. On average, analysts expect that Lionbridge Technologies Inc. will post $0.62 earnings per share for the current fiscal year.
In related news, CEO Rory J. Cowan acquired 21,052 shares of the stock in a transaction that occurred on Tuesday, May 10th. The stock was purchased at an average cost of $4.38 per share, for a total transaction of $92,207.76. Following the purchase, the chief executive officer now directly owns 4,595,818 shares in the company, valued at $20,129,682.84. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
A hedge fund recently raised its stake in Lionbridge Technologies stock. Dimensional Fund Advisors LP increased its position in Lionbridge Technologies Inc. (NASDAQ:LIOX) by 4.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,036,108 shares of the company’s stock after buying an additional 80,305 shares during the period. Dimensional Fund Advisors LP owned approximately 3.36% of Lionbridge Technologies worth $9,997,000 as of its most recent filing with the SEC.
Lionbridge Technologies, Inc (Lionbridge) is a provider of globalization solutions. The Company provides translation, online marketing, global content management and application testing solutions that ensure local relevancy, global brand consistency and technical usability. The Company operates in three segments: Global Language and Content (GLC), Global Enterprise Solutions (GES) and Interpretation Services.
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