Internap Network Services Corp. (NASDAQ:INAP) Director Daniel Stanzione purchased 50,000 shares of the business’s stock in a transaction dated Wednesday, September 14th. The shares were purchased at an average cost of $1.93 per share, with a total value of $96,500.00. Following the completion of the purchase, the director now directly owns 193,536 shares in the company, valued at $373,524.48. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of Internap Network Services Corp. (NASDAQ:INAP) opened at 1.85 on Monday. Internap Network Services Corp. has a 12-month low of $1.79 and a 12-month high of $9.20. The firm’s market cap is $96.31 million. The firm has a 50-day moving average price of $2.22 and a 200-day moving average price of $2.38.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of INAP. LMR Partners LLP acquired a new position in Internap Network Services Corp. during the second quarter worth about $116,000. A.R.T. Advisors LLC boosted its position in Internap Network Services Corp. by 76.4% in the first quarter. A.R.T. Advisors LLC now owns 66,419 shares of the company’s stock worth $181,000 after buying an additional 28,766 shares during the last quarter. Alpine Partners VI LLC acquired a new position in Internap Network Services Corp. during the second quarter worth about $158,000. Jacobs Levy Equity Management Inc. acquired a new position in Internap Network Services Corp. during the first quarter worth about $298,000. Finally, Springowl Associates LLC boosted its position in Internap Network Services Corp. by 56.8% in the second quarter. Springowl Associates LLC now owns 121,502 shares of the company’s stock worth $250,000 after buying an additional 44,000 shares during the last quarter. 70.69% of the stock is owned by hedge funds and other institutional investors.

A number of research firms have recently weighed in on INAP. Drexel Hamilton set a $5.00 price target on Internap Network Services Corp. and gave the stock a “buy” rating in a research note on Friday, August 5th. Benchmark Co. reaffirmed a “buy” rating and set a $4.00 price target on shares of Internap Network Services Corp. in a research note on Wednesday, September 14th. Craig Hallum raised Internap Network Services Corp. from a “hold” rating to a “buy” rating and set a $3.50 price target for the company in a research note on Monday, August 8th. Finally, Zacks Investment Research downgraded Internap Network Services Corp. from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 12th. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Internap Network Services Corp. has a consensus rating of “Hold” and a consensus price target of $5.94.

Internap Network Services Corp. Company Profile

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

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