Lionbridge Technologies Inc. (NASDAQ:LIOX)‘s stock had its “buy” rating reiterated by B. Riley in a research report issued to clients and investors on Monday. They presently have a $6.00 price target on the stock. B. Riley’s target price would indicate a potential upside of 14.72% from the company’s current price.
Separately, Zacks Investment Research upgraded Lionbridge Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday, October 11th.
Shares of Lionbridge Technologies (NASDAQ:LIOX) traded up 0.58% during midday trading on Monday, hitting $5.23. The stock had a trading volume of 74,127 shares. The stock has a market capitalization of $321.66 billion, a price-to-earnings ratio of 30.76 and a beta of 1.43. The stock has a 50 day moving average price of $4.84 and a 200-day moving average price of $4.61. Lionbridge Technologies has a 52 week low of $3.90 and a 52 week high of $5.57.
Lionbridge Technologies (NASDAQ:LIOX) last released its quarterly earnings data on Tuesday, November 8th. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.15 by $0.02. Lionbridge Technologies had a net margin of 1.77% and a return on equity of 26.91%. The company earned $135.20 million during the quarter, compared to the consensus estimate of $137.06 million. During the same quarter in the prior year, the company posted $0.14 earnings per share. The company’s revenue for the quarter was down 2.5% on a year-over-year basis. Equities research analysts anticipate that Lionbridge Technologies will post $0.51 earnings per share for the current year.
A number of large investors have recently added to or reduced their stakes in LIOX. Paloma Partners Management Co acquired a new stake in Lionbridge Technologies during the second quarter worth approximately $101,000. Aperio Group LLC raised its stake in Lionbridge Technologies by 14.2% in the third quarter. Aperio Group LLC now owns 22,867 shares of the company’s stock worth $114,000 after buying an additional 2,851 shares during the period. Barclays PLC acquired a new stake in Lionbridge Technologies during the first quarter worth approximately $131,000. First Trust Advisors LP raised its stake in Lionbridge Technologies by 4.1% in the third quarter. First Trust Advisors LP now owns 30,462 shares of the company’s stock worth $152,000 after buying an additional 1,213 shares during the period. Finally, Campbell & CO Investment Adviser LLC raised its stake in Lionbridge Technologies by 76.1% in the third quarter. Campbell & CO Investment Adviser LLC now owns 30,425 shares of the company’s stock worth $152,000 after buying an additional 13,145 shares during the period. Institutional investors and hedge funds own 68.20% of the company’s stock.
About Lionbridge Technologies