Akamai Technologies, Inc. (NASDAQ:AKAM) Receives $92.53 Average Target Price from Brokerages

Akamai Technologies, Inc. (NASDAQ:AKAM) has received a consensus recommendation of “Hold” from the twenty-three analysts that are currently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a sell recommendation, ten have given a hold recommendation, eight have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $92.5263.

AKAM has been the topic of a number of recent research reports. Weiss Ratings raised shares of Akamai Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday. Wall Street Zen raised shares of Akamai Technologies from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Zacks Research raised shares of Akamai Technologies to a “hold” rating in a report on Monday, August 11th. Bank of America decreased their price target on shares of Akamai Technologies from $100.00 to $80.00 and set a “neutral” rating on the stock in a report on Monday, October 20th. Finally, Scotiabank reduced their target price on shares of Akamai Technologies from $105.00 to $95.00 and set a “sector outperform” rating on the stock in a report on Friday, August 8th.

Akamai Technologies Stock Up 0.6%

Akamai Technologies stock opened at $75.05 on Wednesday. The stock has a market capitalization of $10.76 billion, a PE ratio of 26.61, a price-to-earnings-growth ratio of 3.56 and a beta of 0.75. Akamai Technologies has a twelve month low of $67.51 and a twelve month high of $105.26. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.92. The company has a 50 day moving average of $76.36 and a 200-day moving average of $77.11.

Akamai Technologies (NASDAQ:AKAM) 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. The business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Akamai Technologies had a net margin of 10.40% and a return on equity of 14.26%. The firm’s revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.58 earnings per share. Akamai Technologies has set its FY 2025 guidance at 6.600-6.800 EPS. Q3 2025 guidance at 1.620-1.660 EPS. On average, equities research analysts anticipate that Akamai Technologies will post 4.6 EPS for the current fiscal year.

Insider Activity at Akamai Technologies

In other Akamai Technologies news, EVP Aaron Ahola sold 4,000 shares of the company’s stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $75.76, for a total transaction of $303,040.00. Following the transaction, the executive vice president owned 21,211 shares in the company, valued at approximately $1,606,945.36. This represents a 15.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Paul C. Joseph sold 5,000 shares of the company’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $76.65, for a total transaction of $383,250.00. Following the transaction, the executive vice president owned 27,349 shares in the company, valued at approximately $2,096,300.85. The trade was a 15.46% 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 in the last quarter. Company insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On Akamai Technologies

Several institutional investors have recently added to or reduced their stakes in the stock. WPG Advisers LLC bought a new position in Akamai Technologies during the first quarter worth about $27,000. UMB Bank n.a. increased its holdings in shares of Akamai Technologies by 50.8% in the 2nd quarter. UMB Bank n.a. now owns 395 shares of the technology infrastructure company’s stock worth $32,000 after buying an additional 133 shares during the last quarter. CYBER HORNET ETFs LLC purchased a new position in shares of Akamai Technologies during the second quarter worth approximately $32,000. True Wealth Design LLC raised its stake 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 acquiring an additional 382 shares in the last quarter. Finally, MUFG Securities EMEA plc purchased a new position in shares of Akamai Technologies during the second quarter worth approximately $35,000. Institutional investors own 94.28% of the company’s stock.

About Akamai Technologies

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.