October 21, 2017

Internap Corporation (INAP) Rating Lowered to Hold at BidaskClub

13 August 2017, 04:15 | Hattie Nash

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.

These funds have also shifted positions in (INAP). Atlantic Trust LLC raised its position in Internap Corporation by 24.5% in the first quarter.

Internap Corporation's average Book Value per Share Growth Rate was -92.8 percent during the past 12 months. Finally, BlueCrest Capital Management Ltd bought a new stake in shares of Internap Corporation during the first quarter worth about $157,000. Gamco Investors INC. ET AL boosted its position in shares of Internap Corporation by 8.8% in the second quarter. Avenir Corp now owns 7,840,204 shares of the information technology services provider's stock valued at $29,166,000 after buying an additional 5,824,967 shares in the last quarter.

As of the end of the quarter Principal Financial Group Inc had bought a total of 4,499 shares growing its holdings by 44.4%.

(NASDAQ:INAP) shares saw heavy trading volume with 1,432K shares changing hands on Friday. The volume of 1.3 Million shares climbed down over an trading activity of 478.45 Million shares. The company has market cap of $406.34 million. ALNY price is down almost -14.46% from its 52-week high price of $86.92 a share but is up about 58.68% from its 52-week low price of $31.38 a share. The stock has a 50-day moving average price of $3.94 and a 200 day moving average price of $3.20.

Western Gas Partners LP
The Firm is focused on the acquisition, ownership, and operation of single-tenant, industrial properties across the United States. Western Gas Partners, LP is a master limited partnership that acquires, owns, develops and operates midstream energy assets.

Internap Corporation (NASDAQ:INAP) last posted its earnings results on Thursday, August 3rd.

Maximum and minimum EPS estimate for the current quarter is projected at $-0.01 and $-0.11, respectively, according to 7 analysts. Internap Corporation had a negative return on equity of 234.35% and a negative net margin of 45.52%. The business had revenue of $69.64 million during the quarter, compared to the consensus estimate of $70.59 million. The firm's quarterly revenue was down 6.3% compared to the same quarter past year.

Receive Internap Network Services Corporation News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Internap Network Services Corporation with's FREE daily email newsletter. Comparatively, Internap Corporation posted earnings of $-0.15 per share in the same quarter past year.

TRADEMARK VIOLATION WARNING: "Internap Corporation (NASDAQ:INAP) Given Consensus Recommendation of "Buy" by Brokerages" was first published by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this news story on another publication, it was stolen and reposted in violation of global trademark and copyright legislation. The original version of this article can be accessed at

The following firms have also recently changed their position in INAP. BidaskClub cut Internap Corporation from a "buy" rating to a "hold" rating in a research report on Tuesday, July 25th.

Stifel Nicolaus Reaffirms "Buy" Rating for Valmont Industries, Inc. (VMI)
Valmont Industries (NYSE:VMI) last announced its quarterly earnings results on Wednesday, July 19th. (NYSE:VMI) or 50,000 shares. Finally, Boenning Scattergood reaffirmed a "hold" rating on shares of Valmont Industries in a report on Thursday, July 20th.

Raymond James "Upgrades" Internap Corp Cmn (NASDAQ:INAP) in a research note issued to investors on 8/04/17 to Strong Buy with price target of $0. Zacks Investment Research upgraded shares of Internap Corporation from a "hold" rating to a "buy" rating and set a $3.75 price target on the stock in a research note on Tuesday, May 16th.

United States of America 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. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Jr Rogers, Director purchased $50,424 worth of shares at a price of $3.30 on Tue the 30th. This short time frame picture represents an upward movement of current price over average price of last 20 days. Following the acquisition, the director now directly owns 67,306 shares in the company, valued at $221,436.74. The disclosure for this sale can be found here. However the company reported $-0.15 earnings per share for the same quarter during a year ago.

Internap Corporation shares increased 27.35 percent over the past week and rose 23.06 percent over the previous month. The Firm provides Internet infrastructure through both Colocation Business and Enterprise Services and Cloud Services. The Firm operates through two divisions: Data Center and Network Services, and Cloud and Hosting Services.

Want to see what other hedge funds are holding INAP?

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