21Vianet Group Inc. (VNET) PT Raised to $10.00
21Vianet Group Inc. (NASDAQ:VNET) had its price objective hoisted by equities research analysts at Stifel Nicolaus from $9.00 to $10.00 in a report released on Tuesday. The firm currently has a “hold” rating on the stock. Stifel Nicolaus’ price target would indicate a potential upside of 27.88% from the company’s previous close.
Several other research firms also recently weighed in on VNET. JPMorgan Chase & Co. downgraded shares of 21Vianet Group from a “neutral” rating to an “underweight” rating and decreased their price target for the stock from $21.00 to $5.60 in a research report on Wednesday, August 17th. Zacks Investment Research cut shares of 21Vianet Group from a “hold” rating to a “sell” rating in a research note on Saturday, August 20th.
21Vianet Group (NASDAQ:VNET) traded down 0.90% on Tuesday, hitting $7.75. 695,061 shares of the stock were exchanged. 21Vianet Group has a 12 month low of $6.77 and a 12 month high of $21.32. The company has a 50-day moving average of $7.41 and a 200 day moving average of $9.58. The firm’s market cap is $882.34 billion.
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A number of institutional investors have recently bought and sold shares of the stock. Cubist Systematic Strategies LLC bought a new position in 21Vianet Group during the second quarter valued at $100,000. Kassirer Asset Management Corp bought a new position in 21Vianet Group during the second quarter valued at $102,000. Quantitative Systematic Strategies LLC bought a new position in 21Vianet Group during the second quarter valued at $152,000. Global X Management Co. LLC boosted its position in 21Vianet Group by 4.7% in the third quarter. Global X Management Co. LLC now owns 16,585 shares of the company’s stock valued at $132,000 after buying an additional 741 shares during the last quarter. Finally, Vanguard Group Inc. bought a new position in 21Vianet Group during the second quarter valued at $196,000. 22.26% of the stock is owned by institutional investors.
21Vianet Group Company Profile
21Vianet Group, Inc is a carrier-neutral Internet data center services provider. The Company hosts its customers’ servers and networking equipment and provides interconnectivity. The Company also provides managed network services to enable customers to deliver data across the Internet through its data transmission network and smart routing technology.
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