Akamai Technologies, Inc. (NASDAQ:AKAM – Get Free Report) has earned an average rating of “Moderate Buy” from the sixteen ratings firms that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $121.27.
Several brokerages have recently weighed in on AKAM. Piper Sandler upped their target price on shares of Akamai Technologies from $130.00 to $136.00 and gave the company an “overweight” rating in a research note on Wednesday, February 14th. Robert W. Baird upgraded shares of Akamai Technologies from a “neutral” rating to an “outperform” rating and upped their target price for the company from $128.00 to $135.00 in a research note on Thursday, March 7th. HSBC downgraded shares of Akamai Technologies from a “hold” rating to a “reduce” rating and decreased their target price for the company from $109.00 to $96.00 in a research note on Thursday, February 15th. JPMorgan Chase & Co. upped their target price on shares of Akamai Technologies from $78.00 to $81.00 and gave the company an “underweight” rating in a research note on Wednesday, February 14th. Finally, KeyCorp upped their price target on shares of Akamai Technologies from $134.00 to $138.00 and gave the company an “overweight” rating in a report on Friday, January 19th.
Read Our Latest Analysis on AKAM
Insider Buying and Selling
Hedge Funds Weigh In On Akamai Technologies
Institutional investors and hedge funds have recently bought and sold shares of the stock. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT bought a new position in Akamai Technologies in the 4th quarter valued at about $1,184,000. Quadrature Capital Ltd bought a new position in shares of Akamai Technologies during the 3rd quarter valued at about $4,238,000. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH bought a new position in shares of Akamai Technologies during the 4th quarter valued at about $1,879,000. Alpine Global Management LLC bought a new position in shares of Akamai Technologies during the 3rd quarter valued at about $2,791,000. Finally, International Assets Investment Management LLC bought a new position in shares of Akamai Technologies during the 4th quarter valued at about $41,880,000. Institutional investors own 94.28% of the company’s stock.
Akamai Technologies Stock Performance
Shares of AKAM stock opened at $102.19 on Friday. Akamai Technologies has a one year low of $76.85 and a one year high of $129.17. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.16 and a current ratio of 2.16. The company has a 50 day moving average price of $107.32 and a 200 day moving average price of $112.37. The firm has a market capitalization of $15.48 billion, a price-to-earnings ratio of 28.95, a price-to-earnings-growth ratio of 2.85 and a beta of 0.72.
Akamai Technologies (NASDAQ:AKAM – Get Free Report) last issued its quarterly earnings results on Tuesday, February 13th. The technology infrastructure company reported $1.69 EPS for the quarter, topping the consensus estimate of $1.59 by $0.10. Akamai Technologies had a net margin of 14.37% and a return on equity of 14.90%. The firm had revenue of $995.00 million during the quarter, compared to analyst estimates of $999.09 million. During the same quarter in the prior year, the business posted $1.01 earnings per share. Akamai Technologies’s revenue for the quarter was up 7.2% compared to the same quarter last year. Sell-side analysts anticipate that Akamai Technologies will post 4.84 EPS for the current year.
Akamai Technologies Company Profile
Akamai Technologies, Inc provides cloud computing, security, and content delivery services in the United States and internationally. The company offers cloud solutions to keep infrastructure, websites, applications, application programming interfaces, and users safe from various cyberattacks and online threats while enhancing performance.
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