Internap Network Services Corporation (NASDAQ:INAP) Under Analyst Spotlight

Cornelia Mascio
Августа 13, 2017

Two analysts have rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company's stock.

U.S. based company, Internap Corporation (INAP)'s latest closing price distance was 72.03% from the average-price of 200 days while it maintained a distance from the 50 Day Moving Average at 20.21% and 10.45% compared with the 20 Day Moving Average.

The following firms have also recently changed their position in INAP. Finally, Raymond James Financial, Inc. upgraded shares of Internap Corporation from an "outperform" rating to a "strong-buy" rating and set a $7.00 price objective on the stock in a research note on Friday, August 4th. BidaskClub downgraded shares of Internap Corporation from a "buy" rating to a "hold" rating in a research report on Tuesday, July 25th.

On June 19 analysts at Oppenheimer released its first research report on the stock setting a rating of "Outperform" and a price target of $11.00. If you are accessing this report on another domain, it was illegally stolen and reposted in violation of USA and global trademark and copyright legislation.

Internap Corporation (NASDAQ:INAP) traded down 7.14% during mid-day trading on Friday, reaching $4.16. The volume of 1.3 Million shares climbed down over an trading activity of 478.45 Million shares. The firm's 50-day moving average is $3.89 and its 200 day moving average is $3.17.

Some discoloration values in the stock market possibly will oblige dedication of a person and lot of hard work. Internap Corporation has a 1-year low of $0.80 and a 1-year high of $4.79.

Internap Corporation (NASDAQ:INAP) last posted its earnings results on Thursday, August 3rd.

As of the last earnings report the EPS was $-2.22 and is expected to be $-0.28 for the current year with 64,350,000 shares outstanding. Internap Corporation had a negative return on equity of 234.35% and a negative net margin of 45.52%. The high and low revenue estimates for the current quarter are $70.98 Million and $67.92 Million, respectively. Equities analysts anticipate that Internap Corporation will post ($0.31) EPS for the current fiscal year. 0 analysts recommended Overweight these shares while 0 recommended Underweight, according to FactSet data. Also, Director Peter J. Rogers, Jr. acquired 15,280 shares of the business's stock in a transaction on Tuesday, May 30th. This short time frame picture represents an upward movement of current price over average price of last 20 days. Jpmorgan Chase & Co owns 55,940 shares with a value of $205,000. The transaction was disclosed in a legal filing with the SEC, which is available at this link. As for the mean price target, it implies downside of -3.79% from the $4.75 prior closing price. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 3,482,700 shares of company stock valued at $13,640,242.

A number of institutional investors have recently modified their holdings of INAP.

Separately, Renaissance Technologies LLC boosted its position in Internap Corporation by 46.2% in the fourth quarter. Geode Capital Management LLC now owns 335,826 shares of the information technology services provider's stock valued at $1,249,000 after buying an additional 21,408 shares in the last quarter. Highbridge Capital Management LLC purchased a new position in shares of Internap Corporation during the first quarter worth approximately $155,000. The information technology services provider reported ($0.08) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.07) by $0.01.

Internap Corporation's average Book Value per Share Growth Rate was -92.8 percent during the past 12 months. Hedge funds and other institutional investors own 77.37% of the company's stock. Finally, Symphony Asset Management LLC acquired a new position in Internap Corporation during the second quarter valued at about $159,000. Vanguard Group Inc. now owns 2,715,665 shares of the information technology services provider's stock valued at $10,102,000 after buying an additional 1,680,128 shares in the last quarter.

Analysts have a consensus rating of 2.10 on the stock.

Internap Corporation shares increased 27.35 percent over the past week and rose 23.06 percent over the previous month.

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