Analysts' Views: Internap Corp Cmn (INAP)

Judith Bessette
Agosto 13, 2017

Internap Corporation (INAP)'s distance from 200 day simple moving average is 83.56 percent, its distance from 50 day simple moving average is 28.5 percent, while its distance from 20 day simple moving average is 18.29 percent.

Internap Corporation (INAP) traded down 6.25% during trading on Friday, reaching $4.20. If you are accessing this article on another domain, it was stolen and reposted in violation of United States and global trademark & copyright legislation. Currently Internap Corporation (INAP) stock is moving with Upswing trend. Internap Corporation has a 1-year low of $0.80 and a 1-year high of $4.79. Gabelli Funds LLC now owns 9,201,883 shares of the information technology services provider's stock valued at $34,231,000 after buying an additional 4,192,066 shares during the period. KCG Holdings Inc. raised its position in Internap Corporation by 85.5% in the first quarter. The company has market cap of $352.38 million.

Bank of New York Mellon Corp reduced its position in shares of Internap Corporation (NASDAQ:INAP) by 0.5% during the first quarter, Holdings Channel reports. The correct version of this report can be viewed at https://stocknewstimes.com/2017/08/12/internap-corporation-nasdaqinap-given-consensus-recommendation-of-buy-by-brokerages.html. 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). The company's 3-months average volume stands at 0.94 million. 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. Avenir Corp boosted its position in shares of Internap Corporation by 289.0% in the first quarter.

Shares of Internap Corporation (INAP) opened at 4.75 on Thursday.

US based company, Internap Corporation (INAP)'s latest closing price distance was 72.03% from the average-price of 200 days while it maintained a distance from the 50 Day Moving Average at 20.21% and 10.45% compared with the 20 Day Moving Average.

Internap Network Services Corporation was upgraded to "strong buy" by analysts at Raymond James.

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During last 5 trades the stock sticks nearly 12.56%. Also, Director Peter J. Rogers, Jr. bought 15,280 shares of the stock in a transaction dated Tuesday, May 30th. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Jpmorgan Chase & Co owns 55,940 shares with a value of $205,000.

INAP's Former 10% Owner Park West Asset Management LLC Sell 2250000 shares of the company at a price of $3.88 on 2017-07-25. Highbridge Capital Management LLC purchased a new stake in shares of Internap Corporation during the first quarter worth approximately $155,000. Shares are trading at $4.75 slightly over the 50 day moving average which is $3.79 and a bit higher than the 200 day moving average of $3.10. They now have a Dollars 3.5 price target on the stock.

Internap Corporation (NASDAQ:INAP) last posted its earnings results on Thursday, August 3rd. The company had revenue of $69.64 million during the quarter, compared to analysts' expectations of $70.59 million. The disclosure for this purchase can be found here. Internap Corporation had a negative net margin of 45.52% and a negative return on equity of 234.35%. Insiders have sold 3,482,700 shares of company stock valued at $13,640,242 in the last quarter. During the same quarter in the previous year, the company earned ($0.21) earnings per share.

Internap Corporation is a technology provider of Internet infrastructure.

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Several hedge funds and other institutional investors have recently modified their holdings of INAP. The Company operates through two segments: Data Center and Network Services, and Cloud and Hosting Services.

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