Internap (NASDAQ:INAP) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.
INAP has been the subject of a number of other reports. Zacks Investment Research raised Internap from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a research report on Wednesday, October 4th. ValuEngine raised Internap from a “sell” rating to a “hold” rating in a research report on Tuesday, November 21st. Finally, Benchmark reaffirmed a “buy” rating and set a $24.00 target price (up from $20.00) on shares of Internap in a research report on Monday, September 25th. One analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $23.25.
Internap (INAP) opened at $15.67 on Friday. Internap has a 1-year low of $3.56 and a 1-year high of $22.36. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 107.36.
Hedge funds and other institutional investors have recently modified their holdings of the business. Gotham Asset Management LLC raised its position in Internap by 173.1% during the 2nd quarter. Gotham Asset Management LLC now owns 27,952 shares of the information technology services provider’s stock valued at $103,000 after purchasing an additional 17,717 shares in the last quarter. Voya Investment Management LLC bought a new stake in Internap during the 2nd quarter valued at $133,000. Cornerstone Capital Management Holdings LLC. bought a new stake in Internap during the 2nd quarter valued at $158,000. Symphony Asset Management LLC bought a new stake in Internap during the 2nd quarter valued at $159,000. Finally, Brighton Jones LLC bought a new position in shares of Internap in the 2nd quarter worth $160,000.
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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