Lionbridge Technologies Inc. (NASDAQ:LIOX) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday.
According to Zacks, “Lionbridge Technologies Inc. is a provider of globalization services to technology companies worldwide. Globalization is the process of adapting products or services to meet the demands of local cultures. The software, test, Web, and linguistic engineering groups create and maintain multilingual versions of the clients’ software and hardware, as well as Web-based technical support, training materials, and sales and marketing information for worldwide release via traditional means and the Internet. “
Separately, B. Riley reaffirmed a “buy” rating and set a $6.00 price objective on shares of Lionbridge Technologies in a research note on Tuesday, August 9th.
Lionbridge Technologies (NASDAQ:LIOX) opened at 4.79 on Tuesday. The stock has a market cap of $280.29 million, a P/E ratio of 29.75 and a beta of 1.34. Lionbridge Technologies has a 52 week low of $3.90 and a 52 week high of $6.26. The company has a 50-day moving average of $4.87 and a 200-day moving average of $4.62.
Lionbridge Technologies (NASDAQ:LIOX) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.14 EPS for the quarter, missing the Zacks’ consensus estimate of $0.17 by $0.03. Lionbridge Technologies had a net margin of 1.77% and a return on equity of 27.44%. The company had revenue of $144.20 million for the quarter, compared to analyst estimates of $146.35 million. During the same period in the prior year, the company earned $0.19 EPS. The company’s revenue was up .3% compared to the same quarter last year. On average, analysts predict that Lionbridge Technologies will post $0.56 EPS for the current fiscal year.
A number of hedge funds have recently bought and sold shares of LIOX. Paloma Partners Management Co acquired a new stake in Lionbridge Technologies during the second quarter worth about $101,000. Spark Investment Management LLC increased its stake in Lionbridge Technologies by 5.2% in the second quarter. Spark Investment Management LLC now owns 40,400 shares of the company’s stock worth $159,000 after buying an additional 2,000 shares during the period. Springbok Capital Management LLC increased its stake in Lionbridge Technologies by 24.4% in the first quarter. Springbok Capital Management LLC now owns 33,225 shares of the company’s stock worth $168,000 after buying an additional 6,525 shares during the period. State Board of Administration of Florida Retirement System increased its stake in Lionbridge Technologies by 9.4% in the second quarter. State Board of Administration of Florida Retirement System now owns 59,540 shares of the company’s stock worth $235,000 after buying an additional 5,114 shares during the period. Finally, Metropolitan Life Insurance Co. NY increased its stake in Lionbridge Technologies by 0.6% in the first quarter. Metropolitan Life Insurance Co. NY now owns 46,967 shares of the company’s stock worth $238,000 after buying an additional 294 shares during the period. 68.69% of the stock is owned by hedge funds and other institutional investors.
About Lionbridge Technologies
Lionbridge Technologies, Inc (Lionbridge) is a provider of globalization solutions. The Company provides translation, online marketing, global content management and application testing solutions that ensure local relevancy, global brand consistency and technical usability. The Company operates in three segments: Global Language and Content (GLC), Global Enterprise Solutions (GES) and Interpretation Services.