Shares of Limelight Networks, Inc. (NASDAQ:LLNW) have earned a consensus recommendation of “Buy” from the six ratings firms that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $3.33.

LLNW has been the subject of several analyst reports. DA Davidson restated a “buy” rating on shares of Limelight Networks in a report on Monday, April 3rd. Zacks Investment Research upgraded Limelight Networks from a “hold” rating to a “buy” rating and set a $3.50 price target for the company in a report on Friday, April 28th. Cowen and Company raised their price target on Limelight Networks from $3.00 to $3.50 and gave the company an “outperform” rating in a report on Wednesday, April 26th. BidaskClub upgraded Limelight Networks from a “hold” rating to a “buy” rating in a report on Monday. Finally, B. Riley restated a “buy” rating and set a $4.00 price target on shares of Limelight Networks in a report on Sunday, April 30th.

Limelight Networks (NASDAQ:LLNW) traded down 0.31% during trading on Monday, reaching $3.19. 137,385 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $3.00 and a 200-day moving average of $2.67. Limelight Networks has a 12 month low of $1.45 and a 12 month high of $3.51. The stock’s market cap is $344.45 million.

Limelight Networks (NASDAQ:LLNW) last issued its quarterly earnings results on Monday, April 24th. The information services provider reported $0.02 earnings per share for the quarter. Limelight Networks had a negative return on equity of 6.69% and a negative net margin of 39.80%. The firm had revenue of $44.70 million during the quarter, compared to the consensus estimate of $43.01 million. During the same period last year, the company earned ($0.01) earnings per share. The company’s revenue was up 8.0% on a year-over-year basis. On average, equities research analysts anticipate that Limelight Networks will post $0.05 earnings per share for the current fiscal year.

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Several institutional investors have recently modified their holdings of the stock. ClariVest Asset Management LLC increased its position in shares of Limelight Networks by 2.1% in the first quarter. ClariVest Asset Management LLC now owns 324,990 shares of the information services provider’s stock valued at $839,000 after buying an additional 6,727 shares during the last quarter. 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 information services provider’s stock valued at $2,838,000 after buying an additional 49,423 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 information services provider’s stock valued at $5,930,000 after buying an additional 78,631 shares during the last quarter. Ironwood Investment Management LLC increased its stake in Limelight Networks by 1.4% in the first quarter. Ironwood Investment Management LLC now owns 88,329 shares of the information services provider’s stock valued at $228,000 after buying an additional 1,209 shares during the last quarter. Finally, Cortina Asset Management LLC increased its stake in Limelight Networks by 25.0% in the first quarter. Cortina Asset Management LLC now owns 3,550,985 shares of the information services provider’s stock valued at $9,162,000 after buying an additional 710,677 shares during the last quarter. Hedge funds and other institutional investors own 68.84% 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.

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