Analysts' Views: Internap Corp Cmn (INAP)

The stock was acquired at an average price of $3.29 per share, for a total transaction of $50,271.20. Zacks Investment Research upgraded shares of Internap Corporation from a "hold" rating to a "buy" rating and set a $3.75 price target on the stock in a research note on Tuesday, May 16th.

Internap Corporation (NASDAQ:INAP) traded down 7.14% during mid-day trading on Friday, reaching $4.16. If you are viewing this piece on another publication, it was stolen and reposted in violation of US and worldwide copyright legislation.

Internap Corporation (INAP) has an Analysts' Mean Recommendation of 2.1, according to data compiled by Finviz.

Separately, Renaissance Technologies LLC raised its position in Internap Corporation by 46.2% in the fourth quarter.

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Internap Corporation (INAP) stock price moved Upswing on volume of 2.5 million shares in Wednesday session. KCG Holdings Inc. now owns 27,373 shares of the information technology services provider's stock worth $102,000 after buying an additional 12,620 shares during the last quarter. The correct version of this piece of content can be viewed at Teton accumulated 1.40 million shares. Internap Corporation was covered by a number of analysts recently, 3 rated the stock as Buy, 2 rated Outperform, 2 rated Hold, 0 gave an Underperform and 0 rated sell. Vanguard Group Inc. increased its position in Internap Corporation by 162.2% in the first quarter. Raymond James Financial, Inc. upgraded Internap Corporation from an "outperform" rating to a "strong-buy" rating and set a $7.00 target price on the stock in a research report on Friday, August 4th.

Shares of Internap Corporation (INAP) opened at 4.75 on Thursday. According to the past 5 years report, the company on average reported 43.90% year-over-year EPS growth and sales growth was recorded at 40.40%.

In other Internap Corporation news, Director Peter J. Rogers, Jr. bought 15,280 shares of the business's stock in a transaction that occurred on Tuesday, May 30th. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Its book value per share for the most recent quarter is $0.13 while its price to book ratio for the same period is 34.46, as for as the company's cash per share for the most recent quarter is $0.22, however its price to cash per share ratio for the same period is 20.35. Also, major shareholder Park West Asset Management Llc sold 125,000 shares of the business's stock in a transaction dated Thursday, July 20th. Finally, UBS Oconnor LLC boosted its position in shares of Internap Corporation by 725.7% in the first quarter.

A moving average (MA) is a trend-following or lagging indicator because it is based on past prices. To make a proper assessment, investors seek a sound estimate of this year's and next year's earnings per share (EPS), as well as a strong sense of how much the company will earn even farther down the road. Internap Corp (NASDAQ:INAP) has risen 55.77% since August 10, 2016 and is uptrending. As for the mean price target, it implies downside of -3.79% from the $4.75 prior closing price. Internap Corporation had a negative net margin of 45.52% and a negative return on equity of 234.35%. The consensus mean EPS for the current quarter is at $-0.07 derived from a total of 4 estimates from the analysts who have weighed in on projected earnings. The disclosure for this purchase can be found here. The business had revenue of $69.64 million during the quarter, compared to the consensus estimate of $70.59 million. Insiders have sold 3,482,700 shares of company stock worth $13,640,242 in the last quarter. During the same quarter previous year, the firm posted ($0.21) EPS.

Internap Corporation is a technology provider of Internet infrastructure. The company has a consensus rating of "Buy" and a consensus target price of $5.31. The Company operates through two segments: Data Center and Network Services, and Cloud and Hosting Services. For the past 5 years, the company's revenue has grown 4%, while the company's earnings per share has grown -15.91%.

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