Internap (NASDAQ:INAP) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.
Other analysts have also issued reports about the stock. Benchmark restated a “buy” rating and set a $24.00 price target (up from $20.00) on shares of Internap in a research report on Monday, September 25th. ValuEngine lowered shares of Internap from a “hold” rating to a “sell” rating in a research report on Friday, December 1st. Finally, Zacks Investment Research upgraded shares of Internap from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a research report on Wednesday, October 4th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $23.25.
Internap (INAP) opened at $15.67 on Friday. 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 $3.56 and a 12 month high of $22.36.
Institutional investors have recently bought and sold shares of the company. Gotham Asset Management LLC boosted its holdings in shares of Internap by 173.1% during the second quarter. Gotham Asset Management LLC now owns 27,952 shares of the information technology services provider’s stock worth $103,000 after purchasing an additional 17,717 shares during the period. Voya Investment Management LLC purchased a new stake in Internap in the second quarter worth about $133,000. Cornerstone Capital Management Holdings LLC. purchased a new stake in Internap in the second quarter worth about $158,000. Symphony Asset Management LLC purchased a new stake in Internap in the second quarter worth about $159,000. Finally, Brighton Jones LLC purchased a new stake in Internap in the second quarter worth about $160,000.
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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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