Shares of Internap Network Services Corp. (NASDAQ:INAP) have been given a consensus recommendation of “Hold” by the eight research firms that are currently covering the company. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $3.88.

Several brokerages recently issued reports on INAP. Drexel Hamilton set a $5.00 price objective on Internap Network Services Corp. and gave the stock a “buy” rating in a research note on Friday, August 5th. Craig Hallum upgraded Internap Network Services Corp. from a “hold” rating to a “buy” rating and set a $3.50 price objective on the stock in a research note on Monday, August 8th. Benchmark Co. restated a “buy” rating and set a $4.00 price objective on shares of Internap Network Services Corp. in a research note on Wednesday, September 14th. Finally, DA Davidson restated a “hold” rating on shares of Internap Network Services Corp. in a research note on Monday, November 7th.

Internap Network Services Corp. (NASDAQ:INAP) traded up 0.442% during trading on Monday, hitting $1.135. 438,660 shares of the stock were exchanged. The stock’s 50 day moving average is $1.30 and its 200-day moving average is $1.96. The company’s market cap is $59.13 million. Internap Network Services Corp. has a one year low of $1.01 and a one year high of $7.50.

Internap Network Services Corp. (NASDAQ:INAP) last announced its quarterly earnings data on Thursday, November 3rd. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.13) by $0.02. Internap Network Services Corp. had a negative return on equity of 43.35% and a negative net margin of 40.57%. The firm had revenue of $73.90 million for the quarter, compared to the consensus estimate of $74.32 million. During the same quarter last year, the business earned ($0.19) earnings per share. The business’s revenue for the quarter was down 5.6% compared to the same quarter last year. On average, equities research analysts expect that Internap Network Services Corp. will post ($0.53) earnings per share for the current fiscal year.

In related news, Director Daniel Stanzione acquired 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 14th. The shares were acquired at an average cost of $1.93 per share, for a total transaction of $96,500.00. Following the completion of the purchase, the director now directly owns 193,536 shares in the company, valued at $373,524.48. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 5.83% of the company’s stock.

Several large investors have recently modified their holdings of the stock. LMR Partners LLP bought a new stake in shares of Internap Network Services Corp. during the second quarter worth $116,000. JPMorgan Chase & Co. bought a new stake in shares of Internap Network Services Corp. during the third quarter worth $117,000. Bank of New York Mellon Corp boosted its stake in shares of Internap Network Services Corp. by 27.0% in the third quarter. Bank of New York Mellon Corp now owns 82,227 shares of the company’s stock worth $136,000 after buying an additional 17,473 shares in the last quarter. Alpine Partners VI LLC bought a new stake in shares of Internap Network Services Corp. during the second quarter worth $158,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Internap Network Services Corp. by 141.3% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 131,500 shares of the company’s stock worth $217,000 after buying an additional 77,000 shares in the last quarter. Institutional investors and hedge funds own 63.92% of the company’s stock.

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Internap Network Services Corp. Company Profile

Internap Corporation, formerly InterNAP Network Services Corporation, provides Internet infrastructure services. The Company operates through two segments: Data Center Services segment and Internet Protocol Services segment. It offers hybrid Internet infrastructure services, which enables customers to mix and match cloud, hosting and colocation for the combination of services.

5 Day Chart for NASDAQ:INAP

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