Shares of Internap Corp (NASDAQ:INAP) have been assigned a consensus rating of “Hold” from the nine brokerages that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, one has given a hold recommendation and six have issued a buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is $8.25.
A number of equities research analysts recently commented on INAP shares. SunTrust Banks restated a “buy” rating and set a $6.00 price target on shares of Internap in a research report on Friday, May 10th. Raymond James lowered Internap from a “strong-buy” rating to an “outperform” rating and set a $10.00 price target on the stock. in a research report on Wednesday. ValuEngine upgraded Internap from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. Benchmark set a $8.00 price target on Internap and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Finally, Zacks Investment Research lowered Internap from a “buy” rating to a “sell” rating in a research report on Tuesday, August 13th.
A number of large investors have recently bought and sold shares of INAP. Eidelman Virant Capital acquired a new position in Internap during the 1st quarter worth $2,070,000. Gamco Investors INC. ET AL lifted its holdings in Internap by 13.8% during the 1st quarter. Gamco Investors INC. ET AL now owns 3,401,579 shares of the information technology services provider’s stock worth $16,872,000 after buying an additional 412,683 shares in the last quarter. Gabelli Funds LLC lifted its holdings in Internap by 7.0% during the 1st quarter. Gabelli Funds LLC now owns 3,119,564 shares of the information technology services provider’s stock worth $15,473,000 after buying an additional 204,151 shares in the last quarter. Invesco Ltd. lifted its holdings in Internap by 51.3% during the 2nd quarter. Invesco Ltd. now owns 426,204 shares of the information technology services provider’s stock worth $1,283,000 after buying an additional 144,457 shares in the last quarter. Finally, GSA Capital Partners LLP acquired a new position in Internap during the 2nd quarter worth $322,000. 61.91% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ INAP opened at $2.25 on Tuesday. The firm has a market cap of $59.12 million, a PE ratio of -0.75 and a beta of 3.02. Internap has a one year low of $1.84 and a one year high of $14.13. The stock’s 50 day simple moving average is $2.53 and its 200 day simple moving average is $3.63. The company has a debt-to-equity ratio of 11,888.77, a current ratio of 0.73 and a quick ratio of 0.73.
Internap (NASDAQ:INAP) last released its quarterly earnings results on Tuesday, August 6th. The information technology services provider reported ($0.78) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.56) by ($0.22). The company had revenue of $73.13 million during the quarter, compared to analyst estimates of $76.75 million. Internap’s revenue was down 10.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.47) EPS. As a group, equities analysts expect that Internap will post -2.65 earnings per share for the current year.
Internap Company Profile
Internap Corp. engages in the provision of information technology infrastructure services. It operates through the following segments: INAP US and INAP INTL. The INAP US segment consists of U. S. Colocation, U. S. Cloud, and U. S. Network services based in the United States. The INAP INTL segment consists of these same services based in countries other than the United States, and Ubersmith.
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