Shares of Internap Corporation (NASDAQ:INAP) have earned a consensus rating of “Buy” from the seven brokerages that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $4.55.
A number of analysts have issued reports on INAP shares. BidaskClub raised Internap Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Zacks Investment Research raised Internap Corporation from a “hold” rating to a “buy” rating and set a $3.75 price objective on the stock in a research note on Tuesday, May 16th.
In other Internap Corporation news, Director Peter J. Rogers, Jr. acquired 15,280 shares of the business’s stock in a transaction on Tuesday, May 30th. The shares were bought at an average price of $3.29 per share, with a total value of $50,271.20. Following the transaction, the director now directly owns 67,306 shares of the company’s stock, valued at approximately $221,436.74. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 5.83% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of Internap Corporation by 162.2% in the first quarter. Vanguard Group Inc. now owns 2,715,665 shares of the information technology services provider’s stock valued at $10,102,000 after buying an additional 1,680,128 shares during the period. Segantii Capital Management Ltd acquired a new position in shares of Internap Corporation during the first quarter valued at approximately $380,000. California Public Employees Retirement System increased its position in shares of Internap Corporation by 9.3% in the first quarter. California Public Employees Retirement System now owns 336,400 shares of the information technology services provider’s stock valued at $1,251,000 after buying an additional 28,500 shares during the period. Avenir Corp increased its position in shares of Internap Corporation by 289.0% in the first quarter. Avenir Corp now owns 7,840,204 shares of the information technology services provider’s stock valued at $29,166,000 after buying an additional 5,824,967 shares during the period. Finally, EAM Investors LLC acquired a new position in shares of Internap Corporation during the first quarter valued at approximately $1,595,000. 76.80% of the stock is currently owned by institutional investors.
Internap Corporation (NASDAQ INAP) traded up 2.48% on Tuesday, hitting $4.14. 1,650,756 shares of the company traded hands. The firm’s 50 day moving average price is $3.38 and its 200 day moving average price is $2.69. Internap Corporation has a 1-year low of $0.80 and a 1-year high of $4.26. The firm’s market capitalization is $266.41 million.
Internap Corporation 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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