Limelight Networks (NASDAQ:LLNW) Lowered to “Hold” at ValuEngine
A number of other brokerages have also recently issued reports on LLNW. BidaskClub upgraded Limelight Networks from a buy rating to a strong-buy rating in a research report on Thursday, October 24th. B. Riley increased their target price on shares of Limelight Networks from $3.70 to $4.10 and gave the stock a buy rating in a report on Thursday, October 17th. Finally, Zacks Investment Research raised shares of Limelight Networks from a sell rating to a hold rating in a research report on Wednesday, September 18th. Four equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. Limelight Networks has an average rating of Buy and an average price target of $3.40.
Limelight Networks stock opened at $4.22 on Tuesday. The stock has a market cap of $488.22 million, a price-to-earnings ratio of -211.00 and a beta of 2.18. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.08. Limelight Networks has a 12-month low of $2.20 and a 12-month high of $4.72. The business’s 50-day simple moving average is $4.16 and its 200 day simple moving average is $3.10.
Several institutional investors have recently added to or reduced their stakes in LLNW. Cibc Bank USA acquired a new position in Limelight Networks in the 2nd quarter valued at about $54,000. Squarepoint Ops LLC bought a new position in Limelight Networks during the third quarter worth about $56,000. Traynor Capital Management Inc. acquired a new stake in Limelight Networks in the 3rd quarter worth about $60,000. Jane Street Group LLC acquired a new stake in Limelight Networks in the 2nd quarter worth about $61,000. Finally, GSA Capital Partners LLP acquired a new stake in Limelight Networks in the 2nd quarter worth about $73,000. Institutional investors own 76.59% of the company’s stock.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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