Now Internap Corporation's current price is $2.52 shy of the official highest sell-side analyst price target on Wall Street.
As of the end of the quarter Principal Financial Group Inc had bought a total of 4,499 shares growing its holdings by 44.4%. Active and passive investors always require every bit of information available regarding his chosen security and this include keeping close watch on fundamental and technical data. Major shareholders that own more than 10% of a company's stock are required to disclose their sales and purchases with the SEC. The firm acquired 685,018 shares of the information technology services provider's stock, valued at approximately $2,514,000. Shares of the company are trading at $4.20 which is significantly above the 50 day moving average of $3.94 and impressively higher than the 200 day moving average of $3.20. The shares were sold at an average price of $3.88, for a total transaction of $8,730,000.00.
Trading was heavy with 2,484K shares changing hands on Thursday. The stock's market capitalization is $336.32 million. 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.
Previously Internap Corp Cmn (NASDAQ:INAP) reported $-0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $-0.06 by $-0.01. Next quarter's EPS is estimated at $-0.06 and the next full year EPS is projected to be $-0.28.
Internap Corporation (INAP) is expected to post revenue of $69.22 Million in the current quarter, according to consensus of 7 analysts. The value of the investment in Internap Corporation went from $2,000 to $205,000 a change of 10,150.0% quarter over quarter. During the same quarter in the previous year, the company earned ($0.21) earnings per share.
03/10/2017 - Internap Network Services Corporation was upgraded to "buy" by analysts at Stifel Nicolaus. If you are viewing this piece on another publication, it was stolen and reposted in violation of US and global copyright legislation. The correct version of this piece of content can be viewed at https://baseballnewssource.com/markets/emerald-mutual-fund-advisers-trust-buys-new-position-in-internap-corporation-nasdaqinap-updated/1339654.html.
Other large investors have also recently made changes to their positions in the company. Bank of New York Mellon Corp's holdings in Internap Corporation were worth $192,000 as of its most recent filing with the SEC.
Separately, Renaissance Technologies LLC raised its position in Internap Corporation by 46.2% in the fourth quarter.
As of quarter end Tiaa Cref Investment Management LLC had sold a total of 33,908 shares trimming its stake by 13.5%. Institutional investors maintain the ownership of 78.60% shares and 4.10% shares have in possession of insiders investors.
In order to reach an opinion and communicate the value and volatility of a covered security, analysts research public financial statements, listen in on conference calls and talk to managers and the customers of a company, typically in an attempt to capture the findings for a research report. The rating was upgraded by Raymond James to "Strong Buy" on Friday, August 4. Stifel Nicolaus maintained the stock with "Buy" rating in Friday, August 4 report. BidaskClub downgraded shares of Internap Corporation from a "buy" rating to a "hold" rating in a report on Tuesday, July 25th.
05/01/2015 - Internap Network Services Corporation was upgraded to "strong-buy" by analysts at Zacks. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the stock.
Equity analyst SunTrust Robinson Humphrey began coverage of INAP by announcing an initial rating of "Neutral" and projecting a price target of $7.50.
Internap Corporation, launched on July 25, 2001, is a technology provider of Internet infrastructure. The Firm 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.