Internap (NASDAQ:INAP) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Monday.

Other equities analysts have also issued research reports about the company. Benchmark reiterated a “buy” rating and issued a $28.00 price target on shares of Internap in a research note on Tuesday, January 30th. ValuEngine raised Internap from a “sell” rating to a “hold” rating in a report on Tuesday, November 21st. Finally, Zacks Investment Research raised Internap from a “sell” rating to a “hold” rating in a report on Wednesday, January 10th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the stock. Internap has an average rating of “Buy” and an average target price of $24.25.

Internap (INAP) opened at $13.81 on Monday. Internap has a 52 week low of $6.48 and a 52 week 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. The stock has a market capitalization of $287.78, a price-to-earnings ratio of -4.56 and a beta of 1.84.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in INAP. Schwab Charles Investment Management Inc. boosted its holdings in shares of Internap by 197.0% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 475,932 shares of the information technology services provider’s stock valued at $1,747,000 after acquiring an additional 315,674 shares in the last quarter. Rhumbline Advisers acquired a new stake in shares of Internap during the 2nd quarter valued at $311,000. Bank of New York Mellon Corp boosted its holdings in shares of Internap by 314.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 213,186 shares of the information technology services provider’s stock valued at $783,000 after acquiring an additional 161,694 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Internap by 1,064.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 55,940 shares of the information technology services provider’s stock valued at $205,000 after acquiring an additional 51,135 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in shares of Internap by 5,733.9% during the 2nd quarter. Wells Fargo & Company MN now owns 59,622 shares of the information technology services provider’s stock valued at $219,000 after acquiring an additional 58,600 shares in the last quarter.

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About Internap

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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