Stock Under Review: Internap Corporation (INAP)

Stock Under Review: Internap Corporation (INAP)

This is based on a 1-5 numeric scale where Rating Scale: 1.0 Strong Buy, 2.0 Buy, 3.0 Hold, 4.0 Sell, 5.0 Strong Sell.

Internap Corporation (INAP) share price jumped 5.56% to $4.75 in the last trading session.

INAP has been the subject of a number of research reports. UBS AG raised shares of Internap Corporation from an "outperform" rating to a "strong-buy" rating in a research note on Friday, August 4th. BidaskClub raised shares of Internap Corporation from a "hold" rating to a "buy" rating in a research note on Thursday, July 6th.

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 viewing this piece on another publication, it was stolen and reposted in violation of USA and global copyright legislation. The correct version of this piece of content can be viewed at We have $4.37 PT which if reached, will make NASDAQ:INAP worth $15.18M less.

A moving average (MA) is a trend-following or lagging indicator because it is based on past prices. On September 25 the company was downgraded to "Market Perform" from "Outperform" in a statement from Oppenheimer.

Internap Corporation, launched on July 25, 2001, is a technology provider of Internet infrastructure.

Internap Corporation (NASDAQ:INAP) last issued its quarterly 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 net margin of 45.52% and a negative return on equity of 234.35%. The firm had revenue of $69.64 million for 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 previous year. The firm's revenue for the quarter was down 6.3% on a year-over-year basis.

Internap Corporation (INAP) ended its day with loss -5.68% and finalized at the price of $4.48.

In related news, Director Peter J. Rogers, Jr. bought 15,280 shares of the company's stock in a transaction on Tuesday, May 30th. Following the completion of the acquisition, the director now owns 67,306 shares in the company, valued at approximately $221,436.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Shares last traded at $4.75 barely above the 50 day moving average which is $3.79 and slightly over the 200 day moving average of $3.10. The disclosure for this sale can be found here. Insiders sold a total of 3,482,700 shares of company stock worth $13,640,242 in the last 90 days.

Want to see what other hedge funds are holding INAP? Park West Asset Management LLC boosted its position in shares of Internap Corporation by 243.8% in the first quarter. The firm owned 51,492 shares of the information technology services provider's stock after selling 276 shares during the period. 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.

Internap Corporation's average Book Value per Share Growth Rate was -92.8 percent during the past 12 months. According to the past 5 years report, the company on average reported 43.90% year-over-year EPS growth and sales growth was recorded at 40.40%. Finally, Symphony Asset Management LLC acquired a new position in Internap Corporation during the second quarter valued at about $159,000. Segantii Capital Management Ltd purchased a new position in Internap Corporation during the first quarter valued at approximately $380,000. Going from the most negative analyst price target to above consensus is one thing. At present, 2 analysts recommended Holding these shares while 0 recommended sell, according to FactSet data. The Company provides Internet infrastructure through both Colocation Business and Enterprise Services (including network connectivity, Internet Protocol (IP), bandwidth and Managed Hosting) and Cloud Services (including enterprise-grade AgileCLOUD 2.0, Bare-Metal Servers and SMB iWeb platforms).