BidaskClub upgraded shares of 21Vianet Group (NASDAQ:VNET) from a strong sell rating to a sell rating in a research note issued to investors on Thursday morning, BidAskClub reports.
Other equities research analysts have also recently issued research reports about the stock. Zacks Investment Research raised shares of 21Vianet Group from a sell rating to a hold rating in a report on Friday, July 19th. ValuEngine cut shares of 21Vianet Group from a hold rating to a sell rating in a report on Tuesday, July 2nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. 21Vianet Group currently has an average rating of Hold and an average price target of $11.00.
VNET stock traded up $0.26 during midday trading on Thursday, reaching $7.50. 206,616 shares of the company’s stock traded hands, compared to its average volume of 126,519. The firm has a 50-day moving average price of $7.54. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.97 and a quick ratio of 1.97. 21Vianet Group has a 52 week low of $6.60 and a 52 week high of $11.98.
21Vianet Group (NASDAQ:VNET) last issued its earnings results on Thursday, May 16th. The information technology services provider reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.02). 21Vianet Group had a negative net margin of 6.69% and a negative return on equity of 1.72%. The business had revenue of $129.91 million for the quarter, compared to the consensus estimate of $129.55 million. Equities research analysts anticipate that 21Vianet Group will post -0.09 EPS for the current year.
Institutional investors have recently added to or reduced their stakes in the company. Segantii Capital Management Ltd bought a new position in shares of 21Vianet Group in the first quarter worth $109,000. Millennium Management LLC increased its holdings in shares of 21Vianet Group by 324.8% in the fourth quarter. Millennium Management LLC now owns 737,052 shares of the information technology services provider’s stock worth $6,368,000 after purchasing an additional 563,529 shares during the period. Two Sigma Advisers LP increased its holdings in shares of 21Vianet Group by 55.0% in the fourth quarter. Two Sigma Advisers LP now owns 140,100 shares of the information technology services provider’s stock worth $1,210,000 after purchasing an additional 49,700 shares during the period. Macquarie Group Ltd. bought a new position in shares of 21Vianet Group in the fourth quarter worth $88,000. Finally, Norges Bank bought a new position in shares of 21Vianet Group in the fourth quarter worth $10,872,000. 37.92% of the stock is currently owned by hedge funds and other institutional investors.
21Vianet Group Company Profile
21Vianet Group, Inc provides carrier and cloud-neutral Internet data center services to Internet companies, government entities, blue-chip enterprises, and small-to mid-sized enterprises in the People's Republic of China. It offers hosting and related services to house servers and networking equipment in its data centers, and connects them through a data transmission network.
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