Is Limelight Networks, Inc. (LLNW) a Buy? The Stock Rises Again

April 22, 2018 - By Adrian Mccoy

Limelight Networks, Inc. (NASDAQ:LLNW) Logo

Investors sentiment increased to 1.9 in Q4 2017. Its up 0.42, from 1.48 in 2017Q3. It improved, as 8 investors sold Limelight Networks, Inc. shares while 32 reduced holdings. 42 funds opened positions while 34 raised stakes. 70.76 million shares or 7.86% less from 76.79 million shares in 2017Q3 were reported.
Manatuck Hill Partners Ltd Limited Liability Company invested in 0.81% or 350,000 shares. Howe And Rusling Inc holds 417 shares. Geode Capital Mngmt Ltd Liability Corp holds 0% in Limelight Networks, Inc. (NASDAQ:LLNW) or 773,920 shares. Pinnacle Assoc has 15,600 shares. Dorsey And Whitney Tru Ltd Liability Corp invested in 0.04% or 48,570 shares. Harvey Prtnrs Limited Co stated it has 2.35% in Limelight Networks, Inc. (NASDAQ:LLNW). Dimensional Fund Advsr Limited Partnership invested in 0.01% or 3.70M shares. Blackrock Inc holds 0% of its portfolio in Limelight Networks, Inc. (NASDAQ:LLNW) for 6.93M shares. Credit Suisse Ag holds 99,872 shares or 0% of its portfolio. Deutsche National Bank Ag owns 354,078 shares. 8,838 were reported by Peak6 Invs Limited Partnership. 25,262 are held by Metropolitan Life Insurance New York. Citigroup Inc holds 0% of its portfolio in Limelight Networks, Inc. (NASDAQ:LLNW) for 92,437 shares. 41,481 are held by Acadian Asset Management Ltd Liability Co. Ironwood Inv Ltd Limited Liability Company owns 82,893 shares for 0.26% of their portfolio.

Since March 1, 2018, it had 0 buys, and 7 insider sales for $116.42 million activity. $168,400 worth of Limelight Networks, Inc. (NASDAQ:LLNW) was sold by LENTO ROBERT A. GOLDMAN SACHS GROUP INC also sold $58.04 million worth of Limelight Networks, Inc. (NASDAQ:LLNW) on Tuesday, March 6. Midle Mark J sold 15.27M shares worth $58.04 million.

The stock of Limelight Networks, Inc. (NASDAQ:LLNW) is a huge mover today! The stock increased 21.71% or $0.89 during the last trading session, reaching $4.99. About 11.88 million shares traded or 964.17% up from the average. Limelight Networks, Inc. (NASDAQ:LLNW) has risen 66.67% since April 22, 2017 and is uptrending. It has outperformed by 55.12% the S&P500.
The move comes after 8 months positive chart setup for the $553.03M company. It was reported on Apr, 22 by Barchart.com. We have $5.29 PT which if reached, will make NASDAQ:LLNW worth $33.18M more.

Limelight Networks, Inc. (NASDAQ:LLNW) Ratings Coverage

Among 2 analysts covering Limelight Networks (NASDAQ:LLNW), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Limelight Networks had 6 analyst reports since December 4, 2017 according to SRatingsIntel. Oppenheimer initiated the stock with “Buy” rating in Monday, April 16 report. FBR Capital maintained it with “Buy” rating and $6.0 target in Wednesday, December 13 report. The rating was maintained by FBR Capital with “Buy” on Monday, March 5. FBR Capital maintained it with “Buy” rating and $600 target in Tuesday, April 17 report. FBR Capital maintained Limelight Networks, Inc. (NASDAQ:LLNW) on Thursday, January 18 with “Buy” rating.

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 has market cap of $553.03 million. The firm offers services and solutions for businesses to deliver their digital content across Internet, mobile, and social channels. It currently has negative earnings. 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.

Limelight Networks, Inc. (NASDAQ:LLNW) Institutional Positions Chart

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