American International Group Inc. raised its stake in shares of Limelight Networks, Inc. (NASDAQ:LLNW) by 7.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 43,718 shares of the information services provider’s stock after buying an additional 2,913 shares during the period. American International Group Inc.’s holdings in Limelight Networks were worth $113,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of LLNW. Russell Investments Group Ltd. acquired a new stake in shares of Limelight Networks during the fourth quarter valued at approximately $173,000. Strs Ohio boosted its stake 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. SG Americas Securities LLC acquired a new stake in shares of Limelight Networks during the first quarter valued at approximately $214,000. Alambic Investment Management L.P. raised its position in shares of Limelight Networks by 23.9% in the first quarter. Alambic Investment Management L.P. now owns 108,466 shares of the information services provider’s stock valued at $280,000 after buying an additional 20,900 shares during the period. Finally, Teachers Advisors LLC raised its position in shares of Limelight Networks by 7.2% in the fourth quarter. Teachers Advisors LLC now owns 160,939 shares of the information services provider’s stock valued at $406,000 after buying an additional 10,823 shares during the period. Institutional investors own 68.18% of the company’s stock.

Limelight Networks, Inc. (NASDAQ:LLNW) opened at 3.57 on Thursday. The stock has a 50 day moving average of $3.21 and a 200 day moving average of $2.78. The firm’s market cap is $390.02 million. Limelight Networks, Inc. has a one year low of $1.45 and a one year high of $3.78.

Limelight Networks (NASDAQ:LLNW) last announced its earnings results 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. Limelight Networks had a negative net margin of 8.65% and a negative return on equity of 5.03%. The business had revenue of $45.37 million during the quarter, compared to the consensus estimate of $45.25 million. During the same quarter last year, the firm earned $0.01 earnings per share. Limelight Networks’s quarterly revenue was up 4.2% on a year-over-year basis. Equities research analysts predict that Limelight Networks, Inc. will post $0.06 EPS for the current fiscal year.

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LLNW has been the subject of several research analyst reports. B. Riley reissued a “buy” rating and issued a $4.00 price target on shares of Limelight Networks in a report on Tuesday, April 25th. Cowen and Company set a $4.00 price target on shares of Limelight Networks and gave the company a “buy” rating in a report on Tuesday, April 25th. Zacks Investment Research raised shares of 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. BidaskClub raised shares of Limelight Networks from a “hold” rating to a “buy” rating in a report on Monday, July 24th. Finally, TheStreet raised shares of Limelight Networks from a “d+” rating to a “c” rating in a report on Thursday, July 27th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $3.45.

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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Institutional Ownership by Quarter for Limelight Networks (NASDAQ:LLNW)

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