Shares of Internap Network Services Corp. (NASDAQ:INAP) have earned a consensus recommendation of “Hold” from the eleven brokerages that are presently covering the stock. Seven analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $5.82.

A number of research analysts recently commented on INAP shares. Drexel Hamilton set a $5.00 target price on Internap Network Services Corp. and gave the company a “buy” rating in a research note on Friday, August 5th. Craig Hallum raised Internap Network Services Corp. from a “hold” rating to a “buy” rating and set a $3.50 target price on the stock in a research note on Monday, August 8th. Benchmark Co. reissued a “buy” rating and issued a $4.00 target price on shares of Internap Network Services Corp. in a research note on Wednesday, September 14th. Finally, Zacks Investment Research cut Internap Network Services Corp. from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 12th.

Internap Network Services Corp. (NASDAQ:INAP) opened at 1.86 on Monday. The company’s market capitalization is $96.84 million. The stock has a 50 day moving average price of $2.15 and a 200 day moving average price of $2.34. Internap Network Services Corp. has a 52-week low of $1.73 and a 52-week high of $8.48.

Internap Network Services Corp. (NASDAQ:INAP) last released its quarterly earnings results on Thursday, August 4th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.12) by $0.02. The firm earned $74.30 million during the quarter, compared to the consensus estimate of $76.61 million. Internap Network Services Corp. had a negative return on equity of 35.34% and a negative net margin of 14.90%. The company’s revenue for the quarter was down 7.6% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.20) EPS. Equities research analysts forecast that Internap Network Services Corp. will post ($0.49) earnings per share for the current year.

In other news, Director Daniel Stanzione bought 50,000 shares of the company’s stock in a transaction dated Wednesday, September 14th. The stock was bought at an average cost of $1.93 per share, for a total transaction of $96,500.00. Following the completion of the acquisition, the director now owns 193,536 shares in the company, valued at approximately $373,524.48. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 5.83% of the company’s stock.

Several hedge funds have recently bought and sold shares of INAP. Gamco Investors INC. ET AL raised its stake in Internap Network Services Corp. by 0.4% in the second quarter. Gamco Investors INC. ET AL now owns 7,381,995 shares of the company’s stock worth $15,207,000 after buying an additional 30,700 shares in the last quarter. Gabelli Funds LLC raised its stake in Internap Network Services Corp. by 16.9% in the second quarter. Gabelli Funds LLC now owns 4,444,345 shares of the company’s stock worth $9,155,000 after buying an additional 643,893 shares in the last quarter. State Street Corp raised its stake in Internap Network Services Corp. by 0.9% in the first quarter. State Street Corp now owns 901,307 shares of the company’s stock worth $2,462,000 after buying an additional 8,222 shares in the last quarter. Kennedy Capital Management Inc. raised its stake in Internap Network Services Corp. by 51.5% in the first quarter. Kennedy Capital Management Inc. now owns 870,033 shares of the company’s stock worth $2,375,000 after buying an additional 295,869 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in Internap Network Services Corp. by 8.2% in the first quarter. Renaissance Technologies LLC now owns 737,857 shares of the company’s stock worth $2,014,000 after buying an additional 55,657 shares in the last quarter. Institutional investors own 70.69% of the company’s stock.

About Internap Network Services Corp.

Internap Corporation, formerly InterNAP Network Services Corporation, provides Internet infrastructure services. The Company operates through two segments: Data Center Services segment and Internet Protocol Services segment. It offers hybrid Internet infrastructure services, which enables customers to mix and match cloud, hosting and colocation for the combination of services.

5 Day Chart for NASDAQ:INAP

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