Limelight Networks, Inc. (LLNW) Trading Up NaN

Limelight Networks, Inc. (NASDAQ:LLNW)’s share price was up NaN on Wednesday . The company traded as high as $5.32 and last traded at $0.00. Approximately 1,640,287 shares were traded during trading, an increase of Infinity from the average daily volume of 0 shares.

A number of equities research analysts have recently issued reports on LLNW shares. B. Riley reissued a “buy” rating and issued a $5.30 price target (up from $4.30) on shares of Limelight Networks in a report on Thursday, October 12th. TheStreet raised shares of Limelight Networks from a “d+” rating to a “c” rating in a research note on Thursday, July 27th. DA Davidson set a $5.50 target price on shares of Limelight Networks and gave the company a “buy” rating in a research note on Monday, October 16th. BidaskClub raised shares of Limelight Networks from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. Finally, Zacks Investment Research raised shares of Limelight Networks from a “hold” rating to a “buy” rating and set a $5.00 price target on the stock in a research note on Friday, October 20th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Limelight Networks currently has a consensus rating of “Buy” and an average target price of $5.00.

Limelight Networks (NASDAQ:LLNW) last announced its quarterly earnings data on Wednesday, October 18th. The information services provider reported $0.02 EPS for the quarter. The company had revenue of $46.07 million for the quarter, compared to the consensus estimate of $43.09 million. Limelight Networks had a negative return on equity of 4.98% and a negative net margin of 3.81%. The company’s revenue for the quarter was up 16.7% compared to the same quarter last year.

Institutional investors have recently made changes to their positions in the business. American International Group Inc. grew its position in Limelight Networks by 7.1% in the 1st quarter. American International Group Inc. now owns 43,718 shares of the information services provider’s stock valued at $113,000 after acquiring an additional 2,913 shares during the last quarter. Dorsey & Whitney Trust CO LLC grew its position in shares of Limelight Networks by 26.8% during the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 48,570 shares of the information services provider’s stock worth $140,000 after buying an additional 10,270 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Limelight Networks by 4.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 66,823 shares of the information services provider’s stock worth $193,000 after buying an additional 3,090 shares in the last quarter. OxFORD Asset Management LLP grew its position in shares of Limelight Networks by 115.3% during the 2nd quarter. OxFORD Asset Management LLP now owns 72,171 shares of the information services provider’s stock worth $209,000 after buying an additional 38,647 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of Limelight Networks during the 1st quarter worth $214,000. 68.71% of the stock is currently owned by institutional investors.

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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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