Internap Corporation (NASDAQ:INAP) Sees Significantly Higher Trading Volume

The stock was bought at an average cost of $3.29 per share, with a total value of $50,271.20. Zacks Investment Research raised shares of Internap Corporation from a "hold" rating to a "buy" rating and set a $3.75 price target for the company in a research note on Tuesday, May 16th.

(NASDAQ:INAP) shares saw heavy trading volume with 1,432K shares changing hands on Friday. If you are viewing this piece on another publication, it was stolen and reposted in violation of USA and global copyright legislation. Emerald Mutual Fund Advisers Trust owned approximately 0.83% of Internap Corporation as of its most recent filing with the SEC.

The stock volatility for week was 6.51% while for month was 4.85%.The stock, as of last close, traded 460.14% to its 52 week low and was changed -6.37% from its 52 week high. 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.

Separately, Renaissance Technologies LLC boosted its position in Internap Corporation by 46.2% in the fourth quarter. The company has market cap of $352.38 million.

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Internap Corp Cmn (NASDAQ:INAP) shares traded -5.68% down during most recent session to reach at the closing price of $4.48. KCG Holdings Inc. now owns 27,373 shares of the information technology services provider's stock valued at $102,000 after buying an additional 12,620 shares during the period. On Friday, August 4 the stock rating was maintained by Stifel Nicolaus with "Buy". Internap Corporation was covered by a number of analysts recently, 3 rated the stock as Buy, 2 rated Outperform, 2 rated Hold, 0 gave an Underperform and 0 rated sell.

Internap Corporation (INAP) is expected to post revenue of $69.22 Million in the current quarter, according to consensus of 7 analysts. Internap Corporation now has a consensus rating of "Buy" and a consensus price target of $5.31. UBS AG raised shares of Internap Corporation from an "outperform" rating to a "strong-buy" rating in a report on Friday, August 4th. Long-term investors should review current trend forecasts and yearly or five-year trend graphs to understand whether the stock is bearish or bullish or to determine whether the company is performing well.

In other Internap Corporation news, Director Peter J. Rogers, Jr. bought 15,280 shares of the business's stock in a transaction that occurred on Tuesday, May 30th. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Park West Asset Management Llc sold 125,000 shares of the company's stock in a transaction on Thursday, July 20th. Segantii Capital Management Ltd purchased a new position in Internap Corporation during the first quarter valued at approximately $380,000. The firm's 50-day moving average is $3.89 and its 200 day moving average is $3.17.

Several hedge funds and other institutional investors have recently modified their holdings of INAP. Internap Corp (NASDAQ:INAP) has risen 55.77% since August 11, 2016 and is uptrending. Internap Corporation had a negative return on equity of 234.35% and a negative net margin of 45.52%. Shares are clocking price at $4.75 with change of 5.56%. The high and low revenue estimates for the current quarter are $70.98 Million and $67.92 Million, respectively. During the same quarter in the previous year, the company earned ($0.21) earnings per share. The disclosure for this sale can be found here. The firm's quarterly revenue was down 6.3% compared to the same quarter a year ago. In the last quarter, insiders sold 3,482,700 shares of company stock valued at $13,640,242. 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). Internap Corporation's revenue for the quarter was down 6.3% compared to the same quarter past year. The company has a consensus rating of "Buy" and a consensus target price of $5.31. The Firm operates through two divisions: Data Center and Network Services, and Cloud and Hosting Services.

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