Limelight Networks, Inc. (NASDAQ:LLNW) has received a consensus recommendation of “Buy” from the seven ratings firms that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $3.43.

A number of brokerages recently weighed in on LLNW. B. Riley restated a “buy” rating and set a $4.30 price objective on shares of Limelight Networks in a research report on Tuesday, August 1st. BidaskClub upgraded Limelight Networks from a “hold” rating to a “buy” rating in a research report on Wednesday, August 9th. TheStreet upgraded Limelight Networks from a “d+” rating to a “c” rating in a research report on Thursday, July 27th. Cowen and Company boosted their price objective on Limelight Networks from $3.00 to $3.50 and gave the stock an “outperform” rating in a research report on Wednesday, April 26th. Finally, Zacks Investment Research lowered Limelight Networks from a “buy” rating to a “hold” rating in a research report on Tuesday, June 27th.

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Limelight Networks (NASDAQ:LLNW) traded up 1.39% during trading on Friday, reaching $3.64. The company’s stock had a trading volume of 90,806 shares. The company’s 50 day moving average price is $3.35 and its 200-day moving average price is $2.84. The stock’s market cap is $397.66 million. Limelight Networks has a 1-year low of $1.45 and a 1-year high of $3.78.

Limelight Networks (NASDAQ:LLNW) last issued its quarterly earnings data on Wednesday, July 26th. The information services provider reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.02. The business had revenue of $45.37 million for the quarter, compared to analyst estimates of $45.25 million. Limelight Networks had a negative return on equity of 5.03% and a negative net margin of 8.65%. Limelight Networks’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.01 EPS. Equities analysts forecast that Limelight Networks will post $0.06 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the company. American International Group Inc. increased its position in shares of Limelight Networks by 7.1% in the first quarter. American International Group Inc. now owns 43,718 shares of the information services provider’s stock valued at $113,000 after buying an additional 2,913 shares during the last quarter. Dorsey & Whitney Trust CO LLC increased its position in shares of Limelight Networks by 26.8% in the second quarter. Dorsey & Whitney Trust CO LLC now owns 48,570 shares of the information services provider’s stock valued at $140,000 after buying an additional 10,270 shares during the last quarter. Russell Investments Group Ltd. bought a new position in shares of Limelight Networks during the fourth quarter valued at approximately $173,000. Strs Ohio increased its position in shares of Limelight Networks by 58.4% in the first quarter. Strs Ohio now owns 68,100 shares of the information services provider’s stock valued at $175,000 after buying an additional 25,100 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in shares of Limelight Networks by 4.8% in the second quarter. The Manufacturers Life Insurance Company now owns 66,823 shares of the information services provider’s stock valued at $193,000 after buying an additional 3,090 shares during the last quarter. 67.94% of the stock is currently owned by hedge funds and other institutional investors.

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.

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