Internap (INAP) Lowered to Sell at BidaskClub

BidaskClub cut shares of Internap (NASDAQ:INAP) from a hold rating to a sell rating in a research note published on Monday, February 5th.

Several other equities research analysts have also issued reports on INAP. Benchmark reaffirmed a buy rating and issued a $28.00 price objective on shares of Internap in a research note on Tuesday, January 30th. Zacks Investment Research upgraded shares of Internap from a sell rating to a hold rating in a report on Wednesday, January 10th. Finally, ValuEngine upgraded shares of Internap from a sell rating to a hold rating in a report on Tuesday, November 21st. Three analysts have rated the stock with a sell rating, two have assigned a buy rating and two have issued a strong buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $24.25.

Internap (INAP) traded down $0.39 during mid-day trading on Monday, hitting $12.67. 145,437 shares of the company traded hands, compared to its average volume of 189,828. The company has a debt-to-equity ratio of 107.36, a quick ratio of 0.69 and a current ratio of 0.69. Internap has a 1-year low of $6.92 and a 1-year high of $22.36. The firm has a market cap of $264.12, a price-to-earnings ratio of -4.18 and a beta of 1.84.

Several large investors have recently bought and sold shares of the company. Gotham Asset Management LLC increased its stake in Internap by 173.1% in the second quarter. Gotham Asset Management LLC now owns 27,952 shares of the information technology services provider’s stock valued at $103,000 after acquiring an additional 17,717 shares during the period. Engineers Gate Manager LP increased its stake in Internap by 54.0% in the third quarter. Engineers Gate Manager LP now owns 76,235 shares of the information technology services provider’s stock valued at $332,000 after acquiring an additional 26,739 shares during the period. Wells Fargo & Company MN increased its stake in Internap by 53.3% in the third quarter. Wells Fargo & Company MN now owns 91,411 shares of the information technology services provider’s stock valued at $397,000 after acquiring an additional 31,789 shares during the period. Voya Investment Management LLC bought a new stake in Internap in the second quarter valued at about $133,000. Finally, ACG Wealth acquired a new position in Internap in the fourth quarter valued at about $604,000.

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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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