Internap Corporation (INAP) Receives Consensus Recommendation of "Buy" from Brokerages


0 analysts recommended Overweight these shares while 0 recommended Underweight, according to FactSet data. Analysts expect that Internap Corporation will post ($0.42) EPS for the current year. Corporate insiders own 5.83% of the company's stock.

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. Gamco Investors INC. ET AL now owns 6,993,067 shares of the information technology services provider's stock valued at $25,665,000 after buying an additional 563,500 shares during the period. As of the end of the quarter Federated Investors Inc /pa/ had acquired 12,533 shares growing its holdings by 11.3%. Analysts have a mean recommendation of 2.10 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). Atlantic Trust LLC now owns 30,910 shares of the information technology services provider's stock worth $115,000 after buying an additional 6,085 shares during the last quarter. The value of the company's investment in Internap Corporation decreased from $712,000 to $702,000 a change of $10,000 quarter to quarter. Over the same time span, the stock marked US$1.42 as its best level and the lowest price reached was US$0.75.

ILLEGAL ACTIVITY WARNING: "Internap Corporation (INAP) Receives Consensus Recommendation of "Buy" from Brokerages" was reported by TheOlympiaReport and is the property of of TheOlympiaReport. The stock has a 50 day moving average of $3.89 and a 200-day moving average of $3.17. UBS AG raised shares of Internap Corporation from an "outperform" rating to a "strong-buy" rating in a research note on Friday, August 4th. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of United States and global copyright & trademark legislation. The firm's market cap is $333.93 million.

Want to see what other hedge funds are holding INAP? Volume was up 644.97% over the stocks average daily volume.

Internap Corporation (NASDAQ:INAP) last announced its quarterly earnings data on Thursday, August 3rd.

According to analysts Internap Corp Cmn (NASDAQ:INAP)'s minimum EPS for the current quarter is at $-0.1 and can go high up to $-0.02. Internap Corporation had a negative net margin of 45.52% and a negative return on equity of 234.35%.

How did Twitter react to Arsenal versus Leicester goal fest?
Arsenal were then stunned as Jamie Vardy connected with a Marc Albrighton cross in the 29th minute to make it 2-1 to the visitors. Giroud appears willing - if a little reluctantly - to accept his role as an understudy to Lacazette.

A number of analysts offered their Estimated Earnings analysis for Internap Corporation (INAP) for the current quarter. The firm had revenue of $69.64 million during the quarter, compared to analyst estimates of $70.59 million. Segantii Capital Management Ltd purchased a new position in Internap Corporation during the first quarter valued at approximately $380,000. Internap Corporation now has a consensus rating of "Buy" and a consensus price target of $5.31. The information technology services provider reported ($0.08) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of ($0.07) by $0.01.

In other news, major shareholder Park West Asset Management Llc sold 125,000 shares of the business's stock in a transaction dated Thursday, July 20th. The stock tapped a 52-week high of US$4.78 while the mean 12-month price target for the shares is US$4.57. BidaskClub upgraded shares of Internap Corporation from a "hold" rating to a "buy" rating in a research note on Thursday, July 6th.

In related news, Director Peter J. Rogers, Jr. purchased 15,280 shares of the company's stock in a transaction that occurred on Tuesday, May 30th. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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. The disclosure for this purchase can be found here. During the same quarter past year, the business earned ($0.21) EPS. Over the last 90 days, insiders sold 3,482,700 shares of company stock valued at $13,640,242.

Internap Corporation is a technology provider of Internet infrastructure.

Basically, a price target is an individual analyst's projection on the future price of a stock. Internap Corporation's revenue for the quarter was down 6.3% compared to the same quarter previous year.