Akamai Technologies, Inc. (NASDAQ:AKAM) Given Average Rating of "Hold" by Brokerages

Key Points

• Akamai Technologies (NASDAQ:AKAM) has received an average rating of "Hold" from 23 analysts, with five analysts recommending a sell, nine a hold, eight a buy, and one a strong buy.
• The company's stock opened at $76.13, with a 12-month price range between $67.51 and $105.98, and it currently has a market capitalization of $10.92 billion.
• Akamai reported $1.73 EPS for the last quarter, exceeding analysts' expectations, with a year-over-year revenue increase of 6.5% to $1.04 billion.

Shares of Akamai Technologies, Inc. (NASDAQ:AKAM - Get Free Report) have been given an average recommendation of "Hold" by the twenty-three analysts that are presently covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation, eight have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $92.5263.

Several brokerages have recently commented on AKAM. The Goldman Sachs Group began coverage on shares of Akamai Technologies in a report on Wednesday, August 13th. They set a "sell" rating and a $67.00 target price on the stock. Morgan Stanley cut shares of Akamai Technologies from an "equal weight" rating to an "underweight" rating and set a $85.00 price objective on the stock. in a research note on Tuesday, August 5th. Raymond James Financial decreased their price objective on shares of Akamai Technologies from $110.00 to $84.00 and set an "outperform" rating on the stock in a research note on Friday, August 8th. Wall Street Zen raised shares of Akamai Technologies from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Finally, Bank of America decreased their price objective on shares of Akamai Technologies from $100.00 to $80.00 and set a "neutral" rating on the stock in a research note on Monday.

Akamai Technologies Stock Up 2.5%

Shares of AKAM opened at $76.13 on Wednesday. Akamai Technologies has a 12 month low of $67.51 and a 12 month high of $105.98. The firm's 50 day moving average is $76.35 and its 200-day moving average is $77.05. The stock has a market capitalization of $10.92 billion, a PE ratio of 27.00, a P/E/G ratio of 3.55 and a beta of 0.75. The company has a current ratio of 2.31, a quick ratio of 2.31 and a debt-to-equity ratio of 0.92.

Akamai Technologies (NASDAQ:AKAM - Get Free Report) last announced its earnings results on Thursday, August 7th. The technology infrastructure company reported $1.73 EPS for the quarter, topping the consensus estimate of $1.55 by $0.18. Akamai Technologies had a net margin of 10.40% and a return on equity of 14.26%. The company had revenue of $1.04 billion for the quarter, compared to analysts' expectations of $1.02 billion. During the same period last year, the firm earned $1.58 earnings per share. The business's revenue for the quarter was up 6.5% on a year-over-year basis. Akamai Technologies has set its FY 2025 guidance at 6.600-6.800 EPS. Q3 2025 guidance at 1.620-1.660 EPS. Equities research analysts forecast that Akamai Technologies will post 4.6 EPS for the current year.

Insider Buying and Selling at Akamai Technologies

In other Akamai Technologies news, EVP Paul C. Joseph sold 5,000 shares of the firm's stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $76.65, for a total value of $383,250.00. Following the sale, the executive vice president owned 27,349 shares in the company, valued at $2,096,300.85. This trade represents a 15.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CTO Robert Blumofe sold 3,000 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $77.00, for a total transaction of $231,000.00. Following the completion of the sale, the chief technology officer owned 27,910 shares in the company, valued at $2,149,070. This represents a 9.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,000 shares of company stock worth $917,290 over the last quarter. Corporate insiders own 2.00% of the company's stock.

Institutional Trading of Akamai Technologies

A number of hedge funds have recently added to or reduced their stakes in AKAM. Davis Capital Management acquired a new position in shares of Akamai Technologies during the third quarter worth $973,000. True Wealth Design LLC lifted its holdings in shares of Akamai Technologies by 1,469.2% during the third quarter. True Wealth Design LLC now owns 408 shares of the technology infrastructure company's stock worth $31,000 after purchasing an additional 382 shares during the period. Mather Group LLC. acquired a new position in shares of Akamai Technologies during the third quarter worth $62,000. JB Capital LLC lifted its holdings in shares of Akamai Technologies by 23.2% during the third quarter. JB Capital LLC now owns 73,487 shares of the technology infrastructure company's stock worth $5,567,000 after purchasing an additional 13,832 shares during the period. Finally, Merit Financial Group LLC lifted its holdings in shares of Akamai Technologies by 59.3% during the third quarter. Merit Financial Group LLC now owns 8,200 shares of the technology infrastructure company's stock worth $621,000 after purchasing an additional 3,052 shares during the period. Institutional investors and hedge funds own 94.28% of the company's stock.

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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