BidaskClub cut shares of Internap (NASDAQ:INAP) from a hold rating to a sell rating in a report published on Thursday morning.
INAP has been the topic of a number of other reports. Zacks Investment Research upgraded Internap from a hold rating to a buy rating and set a $19.00 price objective on the stock in a research report on Wednesday, October 4th. ValuEngine upgraded Internap from a sell rating to a hold rating in a research report on Tuesday, November 21st. Finally, Benchmark reiterated a buy rating and issued a $24.00 price objective (up from $20.00) on shares of Internap in a research report on Monday, September 25th. Two analysts have rated the stock with a sell rating, three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and an average price target of $23.25.
Internap (INAP) opened at $14.20 on Thursday. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 107.36. Internap has a 12 month low of $3.20 and a 12 month high of $22.36.
A number of large investors have recently made changes to their positions in the business. Gamco Investors INC. ET AL raised its stake in Internap by 5.9% during the third quarter. Gamco Investors INC. ET AL now owns 7,406,564 shares of the information technology services provider’s stock valued at $32,219,000 after buying an additional 413,497 shares during the last quarter. Vanguard Group Inc. raised its stake in Internap by 13.5% during the second quarter. Vanguard Group Inc. now owns 3,081,341 shares of the information technology services provider’s stock valued at $11,309,000 after buying an additional 365,676 shares during the last quarter. Emerald Mutual Fund Advisers Trust raised its stake in Internap by 185.8% during the third quarter. Emerald Mutual Fund Advisers Trust now owns 1,957,710 shares of the information technology services provider’s stock valued at $8,516,000 after buying an additional 1,272,692 shares during the last quarter. Emerald Advisers Inc. PA purchased a new position in shares of Internap in the third quarter worth $8,100,000. Finally, State Street Corp raised its stake in shares of Internap by 2,861.4% in the second quarter. State Street Corp now owns 1,224,423 shares of the information technology services provider’s stock worth $4,493,000 after purchasing an additional 1,183,077 shares during the last quarter.
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Internap Company Profile
Internap Corporation is a technology provider of Internet infrastructure. The Company provides Internet infrastructure through both Colocation Business and Enterprise Services and Cloud Services. The Company operates through two segments: Data Center and Network Services, and Cloud and Hosting Services.
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