Limelight Networks Inc. (LLNW): Insights At A Glance


    BlackRock Fund Advisors has recently announced that it has increased stake in Limelight Networks Inc. (NASDAQ:LLNW) by 7.55%. After grabbing 7.85 million shares, the institutional investor is now in possession of 0.55 million shares of the Technology Company. The new investment brought the stake of investor firm to 6.43% having worth around $49.21 million. Moreover, Lord, Abbett & Co. LLC increased its share by 1.52 million to have a control over 5.96 million shares. And Federated Global Investment Manag.. raised its holdings to 0.49 million shares by acquiring 5.17 million shares or 4.24% of the stake.

    Limelight Networks Inc. (LLNW) concluded trading on 08/27/20 at a closing price of $5.63, with 4.49 million shares of worth about $25.27 million changed hands on the day. Weekly performance of the stock remained negative as price took a plunge of -11.06% during that period and on Thursday the price saw a loss of about -3.76%. Currently the company’s common shares owned by public are about 120.23M shares, out of which, 117.16M shares are available for trading.

    A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 9 analysts are covering the LLNW stock and their offered price forecasts bring an average price target of $8.86. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $10.00 and could fall to a lowest price of $7.60. Analysts also issued an outlook of 1.90 for the Limelight Networks Inc. stock for next 12 months. The stock’s current price level is 36.46% above of average price target set by the analysts, while a rise to estimated low would result in gain of 25.92 for the stock. However, touching the estimated high of $10.00 would mean a gain of 43.7% for the stock.

    According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 181 times over the past 12 months. They bought 2,068,919 shares in 72 of the transactions. In 109 selling transactions, insiders dumped 1,982,218 shares.

    Federated Hermes Kaufmann Small C, Vanguard Total Stock Market Index, and iShares Russell 2000 ETF are the top 3 mutual funds which are holding stakes in Limelight Networks Inc. Federated Hermes Kaufmann Small C is currently holding 5.17 million shares of worth totaling $32.45 million. The company recently came buying 0.49 million shares which brought its stake up to 4.24% of the company’s outstanding shares. Vanguard Total Stock Market Index bought 1036.0 shares, after which its hold over company’s outstanding shares expand to 2.52%, leaving 3.08 million shares with the mutual fund that have a worth of about $19.29 million. iShares Russell 2000 ETF, after selling 2.39 million shares, have now control over 1.96% of the stake in the company. It holds -0.11 million shares of worth $14.99 million.

    Limelight Networks Inc. (NASDAQ: LLNW) started trading at $5.88, above $0.03 from concluding price of the previous day. However, the stock finished the trading on the day at a closing price of $5.63, or with a loss of -3.76%. Stock saw a price change of -11.06% in past 5 days and over the past one month there was a price change of -12.10%. Year-to-date (YTD), LLNW shares are showing a performance of 37.99% which increased to 139.57% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $2.24 but also hit the highest price of $8.19 during that period. While comparing its average daily trading volume of 3.31 million shares, we see that about 4.49 million changed hands on the day. The stock is currently trading -8.95% below its 20-day simple moving average (SMA20), while that difference is down -14.23% for SMA50 and it goes to 5.39% higher than SMA200.

    BlackRock Fund Advisors acquired 7.85 million shares of Limelight Networks Inc. having value of about $49.21 million. Data submitted at the U.S SEC by BlackRock Fund Advisors revealed that the firm now holds 0.55 million shares in the company valued at close to $3101009.63, or have control over 7.55% stake in the company. Limelight Networks Inc. (NASDAQ: LLNW) currently have 120.23M outstanding shares and institutions hold larger chunk of about 81.50% of that. Holding of mutual funds in the company is about 43.94% while other institutional holders and individual stake holders have control over 46.96% and 35.56% of the stake respectively.

    The stock has a current market capitalization of $720.87M and its 3Y-monthly beta is at 0.69. It has posted earnings per share of -$0.04 in the same period. It has Quick Ratio of 2.00 while making debt-to-equity ratio of 0.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for LLNW, volatility over the week remained 5.46% while standing at 4.68% over the month.

    Analysts are in expectations that Limelight Networks Inc. (LLNW) stock would likely to be making an EPS of $0.02 in the current quarter, while forecast for next quarter ESPS is $0.03 and it is $0.13 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.01 which is $0.03 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.01 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -276.20% while it is estimated to increase by 59.49% in next year. EPS is likely to grow at an annualized rate of 15.00% for next 5-years, compared to annual growth of 14.20% made by the stock over the past 5-years.

    Analysts at 9 brokerage firms have issued recommendations for the Limelight Networks Inc. (LLNW)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.90. Out of those 9 Wall Street analysts, 7 recommended a “Buy” rating, while 1 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.

    Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Lake Street on June 22, 2020 offering a Buy rating for the stock and assigned a target price of $8 to it. Coverage by Raymond James stated Limelight Networks Inc. (LLNW) stock as an Outperform in their note to investors on June 08, 2020, suggesting a price target of $6 for the stock. On March 30, 2020, Northland Capital Initiated their recommendations, while on March 06, 2020, William Blair Initiated their ratings for the stock with a price target of. Stock get a Neutral rating from DA Davidson on July 02, 2019.


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