Internap (INAP) Upgraded by BidaskClub to Sell

BidaskClub upgraded shares of Internap (NASDAQ:INAP) from a strong sell rating to a sell rating in a research report sent to investors on Wednesday morning.

INAP has been the subject of several other reports. Benchmark reissued a buy rating and issued a $28.00 target price on shares of Internap in a research report on Tuesday, January 30th. ValuEngine raised shares of Internap from a sell rating to a hold rating in a research report on Tuesday, November 21st. Finally, Zacks Investment Research downgraded shares of Internap from a hold rating to a sell rating in a research report on Saturday, February 10th. Three investment analysts have rated the stock with a sell rating, two have issued a buy rating and two have assigned a strong buy rating to the stock. The company has an average rating of Hold and an average price target of $24.25.

Shares of Internap (NASDAQ INAP) opened at $14.09 on Wednesday. The company has a debt-to-equity ratio of 107.36, a current ratio of 0.69 and a quick ratio of 0.69. The company has a market cap of $280.17, a P/E ratio of -4.63 and a beta of 1.85. Internap has a 1 year low of $7.48 and a 1 year high of $22.36.

Several hedge funds and other institutional investors have recently bought and sold shares of 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 worth $1,747,000 after buying an additional 315,674 shares during the period. 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 worth $783,000 after buying an additional 161,694 shares during the period. 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 worth $205,000 after buying an additional 51,135 shares during the period. 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 worth $219,000 after buying an additional 58,600 shares during the period. Finally, Teachers Advisors LLC bought a new stake in shares of Internap during the 2nd quarter worth $528,000.

TRADEMARK VIOLATION NOTICE: “Internap (INAP) Upgraded by BidaskClub to Sell” was first posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this story on another site, it was copied illegally and reposted in violation of U.S. & international trademark and copyright law. The original version of this story can be viewed at https://www.dispatchtribunal.com/2018/02/22/internap-inap-upgraded-by-bidaskclub-to-sell.html.

Internap Company Profile

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.

Receive News & Ratings for Internap Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Internap and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply