Limelight Networks Inc. (NASDAQ: LLNW) dip is a big Buy opportunity

Limelight Networks Inc. (NASDAQ: LLNW) is 94.00% higher on its value in year-to-date trading and has touched a low of $2.20 and a high of $8.19 in the current 52-week trading range. The LLNW stock was last observed hovering at around $7.91 in the recent trading session, with the current loss setting it -0.11% off its average median price target of $7.50 for the next 12 months. It is also 8.24% off the consensus price target high of $8.50 offered by 9 analysts, but current levels are -39.29% lower than the price target low of $5.60 for the same period.

At last check, trading at $7.80, the stock is 20.61% and 37.42% above its SMA20 and SMA50 respectively. However, with a current trading volume of 0.6 million and changing -1.45% at the moment leaves the stock 60.51% off its SMA200. LLNW registered 212.85% gain for a year compared to 6-month gain of 79.07%. The firm has a 50-day simple moving average (SMA 50) of $5.94 and a 200-day simple moving average (SMA200) of $5.31.

The stock witnessed a 44.17% loss in the last 1 month and extending the period to 3 months gives it a 43.39%, and is 6.46% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.68% over the week and 8.01% over the month.

Limelight Networks Inc. (LLNW) has around 610 employees, a market worth around $905.16M and $214.40M in sales. Fwd P/E is 69.43. Profit margin for the company is -5.90%. Distance from 52-week low is 254.55% and -4.76% from its 52-week high. The company has generated returns on investments over the last 12 months (-8.40%).

Limelight Networks Inc. (LLNW) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Limelight Networks Inc. (LLNW) is a “Buy”. 9 analysts offering their recommendations for the stock have an average rating of 1.90, where 1 rate it as a Hold and 1 think it is a “Overweight”. 7 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Limelight Networks Inc. is expected to release its quarterly report on 07/20/2020 and quarterly earnings per share for the current quarter are estimated at $0.01 with sales reaching $56.72M over the same period.The EPS is expected to shrink by -276.20% this year, but quarterly earnings will post 15.80% year-over-year. Quarterly sales are estimated to grow 23.60% in year-over-year returns.

Limelight Networks Inc. (LLNW) Top Institutional Holders

191 institutions hold shares in Limelight Networks Inc. (LLNW), with 5.06M shares held by insiders accounting for 4.22% while institutional investors hold 85.65% of the company’s shares. The shares outstanding are 118.96M, and float is at 114.69M with Short Float at 6.75%. Institutions hold 82.04% of the Float.

The top institutional shareholder in the company is Blackrock Inc. with over 8.27 million shares valued at $47.14 million. The investor’s holdings represent 6.91% of the LLNW Shares outstanding. As of Mar 30, 2020, the second largest holder is Hood River Capital Management LLC with 6.95 million shares valued at $39.6 million to account for 5.81% of the shares outstanding. The other top investors are Vanguard Group, Inc. (The) which holds 6.15 million shares representing 5.14% and valued at over $35.08 million, while Federated Hermes, Inc. holds 3.91% of the shares totaling 4.68 million with a market value of $26.69 million.

Limelight Networks Inc. (LLNW) Insider Activity

A total of 121 insider transactions have happened at Limelight Networks Inc. (LLNW) in the last six months, with sales accounting for 73 and purchases happening 48 times. The most recent transaction is an insider sale by DiSanto Michael, the company’s Chief Admin. & Legal Officer. SEC filings show that DiSanto Michael sold 93,068 shares of the company’s common stock on Jul 02 at a price of $7.88 per share for a total of $0.73 million. Following the sale, the insider now owns 0.8 million shares.

Limelight Networks Inc. disclosed in a document filed with the SEC on Jul 02 that PETERSCHMIDT DAVID (Director) sold a total of 60,863 shares of the company’s common stock. The trade occurred on Jul 02 and was made at $8.07 per share for $0.49 million. Following the transaction, the insider now directly holds 57763.0 shares of the LLNW stock.

Still, SEC filings show that on Jul 01, Marth Thomas (SVP Sales) disposed off 10,080 shares at an average price of $7.32 for $73786.0. The insider now directly holds 292,450 shares of Limelight Networks Inc. (LLNW).

Limelight Networks Inc. (LLNW): Who are the competitors?

The company’s main competitors (and peers) include Brightcove Inc. (BCOV) that is trading -27.42% down over the past 12 months. J2 Global Inc. (JCOM) is -35.27% down on the 1-year trading charts. Short interest in the company’s stock has fallen -10.59% from the last report on May 14, 2020 to stand at a total of 8.56 million short shares sold with a short interest ratio of 3.45.