Edgio, Inc. (NASDAQ:EGIO) Stock Position Decreased by Jacobs Levy Equity Management Inc.

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 TargetsSeparately, 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 EdgioEdgio Stock PerformanceNASDAQ 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.Recommended StoriesFive stocks we like better than EdgioWhat is a Low P/E Ratio and What Does it Tell Investors?Should You Invest in Bitcoin? Pros and ConsWhat are earnings reports?Amazon Stock is Primed to Rebound Strongly After AI Bubble BurstsWith Risk Tolerance, One Size Does Not Fit AllShell Stock: Oil & Gas Giant Committed to Buybacks and DividendsThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.→ Bigger than Lipitor, Viagra and Zoloft...COMBINED. (From Behind the Markets) (Ad)Should you invest $1,000 in Edgio right now?Before you consider Edgio, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Edgio wasn't on the list.While Edgio currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here