Edgio, Inc. (NASDAQ:EGIO) Stock Position Decreased by Jacobs Levy Equity Management Inc.
Jacobs Levy Equity Management Inc. decreased its holdings in Edgio, Inc. (NASDAQ:EGIO) by 97.1% during the first quarter. The company's stock was sold off, resulting in a decreased position for Jacobs Levy. The stock is currently trading at $8.99.
Jacobs Levy Equity Management Inc. lowered its holdings in Edgio, Inc. (NASDAQ:EGIO - Free Report) by 97.1% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 38,638 shares of the company's stock after selling 1,305,314 shares during the period. Jacobs Levy Equity Management Inc. owned about 0.66% of Edgio worth $373,000 at the end of the most recent quarter.
Separately, Raymond James & Associates lifted its holdings in shares of Edgio by 168.6% in the 4th quarter. Raymond James & Associates now owns 428,759 shares of the company's stock worth $147,000 after purchasing an additional 269,156 shares during the last quarter. 23.16% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Separately, Craig Hallum dropped their target price on Edgio from $30.00 to $10.00 and set a "hold" rating on the stock in a research report on Friday, April 19th.
Get Our Latest Research Report on Edgio
Edgio Stock Performance
NASDAQ EGIO opened at $8.99 on Friday. The company has a 50-day moving average price of $10.13 and a two-hundred day moving average price of $10.11. Edgio, Inc. has a 52 week low of $6.67 and a 52 week high of $44.00.
About Edgio
(Free Report)Edgio, Inc provides edge-enabled software solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates private global networks with distributed computing resources and extensive connectivity to last-mile broadband network providers; offers live and on-demand video delivery services; and provides platform, media, and application solutions.
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