Limelight Networks (NASDAQ:LLNW) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Thursday.

Separately, Raymond James upgraded shares of Limelight Networks from an “underperform” rating to a “market perform” rating in a research report on Tuesday, January 29th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $6.25.

NASDAQ:LLNW opened at $3.05 on Thursday. The stock has a market capitalization of $344.46 million, a PE ratio of -152.50, a price-to-earnings-growth ratio of 29.70 and a beta of 2.69. Limelight Networks has a twelve month low of $2.21 and a twelve month high of $5.52.

Limelight Networks (NASDAQ:LLNW) last posted its quarterly earnings results on Wednesday, January 30th. The information services provider reported ($0.05) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.04). Limelight Networks had a negative return on equity of 1.34% and a net margin of 5.03%. The business had revenue of $44.00 million during the quarter, compared to analysts’ expectations of $43.73 million. During the same period in the prior year, the business posted $0.04 earnings per share. The business’s quarterly revenue was down 8.7% on a year-over-year basis. As a group, research analysts anticipate that Limelight Networks will post 0.01 EPS for the current year.

A number of institutional investors have recently added to or reduced their stakes in the stock. Legal & General Group Plc increased its position in Limelight Networks by 25.1% during the fourth quarter. Legal & General Group Plc now owns 20,034 shares of the information services provider’s stock worth $46,000 after purchasing an additional 4,014 shares during the last quarter. Citigroup Inc. increased its position in Limelight Networks by 15.5% during the fourth quarter. Citigroup Inc. now owns 35,413 shares of the information services provider’s stock worth $83,000 after purchasing an additional 4,758 shares during the last quarter. California Public Employees Retirement System increased its position in Limelight Networks by 2.4% during the fourth quarter. California Public Employees Retirement System now owns 307,453 shares of the information services provider’s stock worth $719,000 after purchasing an additional 7,119 shares during the last quarter. WINTON GROUP Ltd increased its position in Limelight Networks by 59.6% during the fourth quarter. WINTON GROUP Ltd now owns 24,838 shares of the information services provider’s stock worth $58,000 after purchasing an additional 9,278 shares during the last quarter. Finally, B. Riley Financial Inc. increased its position in Limelight Networks by 2.8% during the third quarter. B. Riley Financial Inc. now owns 467,626 shares of the information services provider’s stock worth $2,347,000 after purchasing an additional 12,785 shares during the last quarter. Hedge funds and other institutional investors own 74.34% of the company’s stock.

About Limelight Networks

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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Analyst Recommendations for Limelight Networks (NASDAQ:LLNW)

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