Limelight Networks, Inc. (NASDAQ:LLNW) has earned a consensus rating of “Buy” from the nine analysts that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $6.13.

Several equities research analysts have recently weighed in on LLNW shares. ValuEngine cut Limelight Networks from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 1st. BidaskClub lowered Limelight Networks from a “hold” rating to a “sell” rating in a research note on Tuesday, June 12th. Zacks Investment Research upgraded Limelight Networks from a “hold” rating to a “strong-buy” rating and set a $5.75 target price for the company in a research note on Wednesday, June 20th. DA Davidson restated a “buy” rating on shares of Limelight Networks in a research note on Monday, July 16th. Finally, Cowen restated a “buy” rating and issued a $6.50 target price on shares of Limelight Networks in a research note on Friday, July 20th.

In related news, CEO Robert A. Lento sold 40,000 shares of the company’s stock in a transaction on Wednesday, August 1st. The stock was sold at an average price of $4.42, for a total value of $176,800.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Kurt Silverman sold 7,500 shares of the company’s stock in a transaction on Friday, September 14th. The shares were sold at an average price of $5.00, for a total value of $37,500.00. The disclosure for this sale can be found here. Insiders sold 159,900 shares of company stock valued at $744,416 over the last 90 days. 10.60% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. The Manufacturers Life Insurance Company raised its stake in shares of Limelight Networks by 18.9% in the first quarter. The Manufacturers Life Insurance Company now owns 71,533 shares of the information services provider’s stock valued at $294,000 after purchasing an additional 11,383 shares in the last quarter. Strs Ohio raised its stake in Limelight Networks by 8.0% during the second quarter. Strs Ohio now owns 160,700 shares of the information services provider’s stock worth $718,000 after acquiring an additional 11,900 shares in the last quarter. California State Teachers Retirement System raised its stake in Limelight Networks by 17.7% during the first quarter. California State Teachers Retirement System now owns 139,696 shares of the information services provider’s stock worth $574,000 after acquiring an additional 21,053 shares in the last quarter. Rhumbline Advisers raised its stake in Limelight Networks by 31.9% during the second quarter. Rhumbline Advisers now owns 95,677 shares of the information services provider’s stock worth $428,000 after acquiring an additional 23,125 shares in the last quarter. Finally, Swiss National Bank raised its stake in Limelight Networks by 15.3% during the first quarter. Swiss National Bank now owns 185,400 shares of the information services provider’s stock worth $762,000 after acquiring an additional 24,600 shares in the last quarter. Institutional investors and hedge funds own 72.84% of the company’s stock.

LLNW opened at $5.09 on Friday. Limelight Networks has a 1-year low of $3.65 and a 1-year high of $6.05. The company has a market capitalization of $568.84 million, a PE ratio of -254.50, a price-to-earnings-growth ratio of 12.24 and a beta of 2.27.

Limelight Networks (NASDAQ:LLNW) last posted its quarterly earnings data on Thursday, July 19th. The information services provider reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.01. Limelight Networks had a return on equity of 1.99% and a net margin of 6.43%. The company had revenue of $50.25 million during the quarter, compared to analysts’ expectations of $49.64 million. During the same period in the prior year, the business earned $0.03 earnings per share. Limelight Networks’s revenue for the quarter was up 10.8% compared to the same quarter last year. sell-side analysts anticipate that Limelight Networks will post 0.03 EPS for the current fiscal year.

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, and social channels. It provides Orchestrate Platform, a suite of integrated services comprising content delivery, video content management, Website and Web application acceleration, Website and content security, and cloud storage services.

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Analyst Recommendations for Limelight Networks (NASDAQ:LLNW)

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