Internap (INAP) Lowered to Sell at BidaskClub

BidaskClub lowered shares of Internap (NASDAQ:INAP) from a hold rating to a sell rating in a research report report published on Monday, February 5th.

A number of other research firms also recently issued reports on INAP. ValuEngine downgraded Internap from a hold rating to a sell rating in a research note on Friday, December 1st. Zacks Investment Research downgraded Internap from a hold rating to a sell rating in a research note on Wednesday, January 3rd. Finally, Benchmark reiterated a buy rating and set a $28.00 price target on shares of Internap in a research note on Tuesday, January 30th. Three investment analysts have rated the stock with a sell rating, two have assigned a buy rating and two have issued a strong buy rating to the stock. The stock has an average rating of Hold and an average target price of $24.25.

Internap (NASDAQ INAP) opened at $11.85 on Monday. The company has a debt-to-equity ratio of 107.36, a current ratio of 0.69 and a quick ratio of 0.69. Internap has a 12 month low of $6.92 and a 12 month high of $22.36.

Several institutional investors have recently bought and sold shares of INAP. Driehaus Capital Management LLC bought a new stake in Internap in the fourth quarter valued at approximately $5,052,000. Cortina Asset Management LLC acquired a new stake in Internap during the fourth quarter worth approximately $5,224,000. ACG Wealth acquired a new stake in Internap during the fourth quarter worth approximately $604,000. GSA Capital Partners LLP grew its position in Internap by 2,313.4% during the third quarter. GSA Capital Partners LLP now owns 370,432 shares of the information technology services provider’s stock worth $1,611,000 after buying an additional 355,083 shares in the last quarter. Finally, Cornerstone Capital Management Holdings LLC. grew its position in Internap by 113.7% during the third quarter. Cornerstone Capital Management Holdings LLC. now owns 92,300 shares of the information technology services provider’s stock worth $401,000 after buying an additional 49,100 shares in the last quarter.

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About Internap

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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