Limelight Networks (NASDAQ:LLNW) was downgraded by research analysts at ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday.

Other equities analysts have also recently issued research reports about the stock. TheStreet raised shares of Limelight Networks from a “c” rating to a “b-” rating in a research report on Thursday, July 19th. DA Davidson reissued a “buy” rating on shares of Limelight Networks in a research report on Monday, July 16th. Craig Hallum started coverage on shares of Limelight Networks in a report on Monday, August 27th. They issued a “buy” rating and a $6.00 target price on the stock. Cowen restated a “buy” rating and issued a $6.50 target price on shares of Limelight Networks in a report on Friday, July 20th. Finally, BidaskClub upgraded shares of Limelight Networks from a “sell” rating to a “hold” rating in a report on Wednesday, September 5th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $6.21.

Shares of LLNW stock traded up $0.03 on Tuesday, reaching $3.89. 8,705 shares of the company were exchanged, compared to its average volume of 1,090,932. The stock has a market capitalization of $435.83 million, a PE ratio of -194.25, a price-to-earnings-growth ratio of 8.56 and a beta of 2.47. Limelight Networks has a one year low of $3.69 and a one year high of $6.05.

Limelight Networks (NASDAQ:LLNW) last released its quarterly earnings data on Thursday, October 18th. The information services provider reported $0.03 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.03. The company had revenue of $49.32 million for the quarter, compared to analysts’ expectations of $49.01 million. Limelight Networks had a net margin of 7.07% and a return on equity of 2.32%. The business’s revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.02 EPS. As a group, research analysts forecast that Limelight Networks will post 0.03 EPS for the current year.

In other Limelight Networks news, insider Kurt Silverman sold 7,500 shares of the stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $5.00, for a total value of $37,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Robert A. Lento sold 40,000 shares of the stock in a transaction dated Thursday, November 1st. The shares were sold at an average price of $4.02, for a total transaction of $160,800.00. The disclosure for this sale can be found here. Insiders sold a total of 148,800 shares of company stock worth $697,505 in the last 90 days. 10.60% of the stock is currently owned by company insiders.

A number of large investors have recently bought and sold shares of LLNW. Granahan Investment Management Inc. MA increased its stake in Limelight Networks by 118.3% in the 2nd quarter. Granahan Investment Management Inc. MA now owns 4,359,817 shares of the information services provider’s stock valued at $19,488,000 after buying an additional 2,363,057 shares during the last quarter. Russell Investments Group Ltd. increased its stake in Limelight Networks by 2,445.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,489,450 shares of the information services provider’s stock valued at $7,482,000 after buying an additional 1,430,943 shares during the last quarter. Falcon Point Capital LLC purchased a new stake in Limelight Networks in the 3rd quarter valued at about $6,939,000. Wasatch Advisors Inc. purchased a new stake in Limelight Networks in the 3rd quarter valued at about $5,741,000. Finally, Federated Investors Inc. PA increased its stake in Limelight Networks by 175.3% in the 2nd quarter. Federated Investors Inc. PA now owns 1,656,448 shares of the information services provider’s stock valued at $7,404,000 after buying an additional 1,054,673 shares during the last quarter. Hedge funds and other institutional investors own 73.51% 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, 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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