Internap Corp (NASDAQ:INAP) reached a new 52-week low during mid-day trading on Monday . The company traded as low as $5.96 and last traded at $6.06, with a volume of 11359 shares trading hands. The stock had previously closed at $6.32.

A number of equities research analysts recently issued reports on the company. BidaskClub raised Internap from a “hold” rating to a “buy” rating in a research note on Tuesday, August 14th. ValuEngine raised Internap from a “strong sell” rating to a “sell” rating in a research note on Friday, August 3rd. Stifel Nicolaus set a $13.00 target price on Internap and gave the company a “hold” rating in a research note on Friday, August 3rd. SunTrust Banks assumed coverage on Internap in a research note on Tuesday, September 18th. They issued a “buy” rating and a $22.00 target price on the stock. Finally, Zacks Investment Research lowered Internap from a “buy” rating to a “hold” rating in a research note on Wednesday, October 31st. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $17.60.

The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 72.60. The company has a market cap of $161.24 million, a PE ratio of -3.85 and a beta of 2.51.

Internap (NASDAQ:INAP) last posted its earnings results on Thursday, November 1st. The information technology services provider reported ($0.75) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.51) by ($0.24). Internap had a negative net margin of 16.18% and a negative return on equity of 2,471.65%. The company had revenue of $82.97 million during the quarter, compared to analysts’ expectations of $82.80 million. During the same period in the previous year, the company posted ($0.48) EPS. Internap’s quarterly revenue was up 20.4% compared to the same quarter last year. As a group, analysts predict that Internap Corp will post -2.58 earnings per share for the current year.

In other Internap news, Director Debora J. Wilson purchased 7,000 shares of the business’s stock in a transaction on Tuesday, November 6th. The stock was bought at an average cost of $7.19 per share, for a total transaction of $50,330.00. Following the acquisition, the director now owns 96,302 shares of the company’s stock, valued at approximately $692,411.38. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Peter D. Aquino purchased 16,500 shares of the business’s stock in a transaction on Tuesday, November 6th. The stock was acquired at an average price of $7.02 per share, with a total value of $115,830.00. Following the completion of the acquisition, the chief executive officer now directly owns 637,796 shares in the company, valued at approximately $4,477,327.92. The disclosure for this purchase can be found here. Insiders acquired a total of 59,000 shares of company stock valued at $411,760 over the last quarter. 5.90% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Gabelli Funds LLC raised its holdings in Internap by 13.3% in the 2nd quarter. Gabelli Funds LLC now owns 2,392,797 shares of the information technology services provider’s stock valued at $24,933,000 after acquiring an additional 280,924 shares during the last quarter. Gamco Investors INC. ET AL raised its holdings in Internap by 3.2% in the 2nd quarter. Gamco Investors INC. ET AL now owns 2,284,165 shares of the information technology services provider’s stock valued at $23,801,000 after acquiring an additional 70,945 shares during the last quarter. BlackRock Inc. raised its holdings in Internap by 6.6% in the 2nd quarter. BlackRock Inc. now owns 1,375,879 shares of the information technology services provider’s stock valued at $14,336,000 after acquiring an additional 84,729 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Internap by 10.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 721,466 shares of the information technology services provider’s stock valued at $9,112,000 after acquiring an additional 66,780 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust increased its holdings in shares of Internap by 7.1% during the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 530,254 shares of the information technology services provider’s stock worth $6,697,000 after buying an additional 35,326 shares during the last quarter. Institutional investors own 66.86% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Internap (INAP) Hits New 52-Week Low at $5.96” was originally posted by Watch List News and is owned by of Watch List News. If you are accessing this piece on another domain, it was stolen and republished in violation of United States and international copyright laws. The correct version of this piece can be viewed at https://www.watchlistnews.com/internap-inap-hits-new-52-week-low-at-5-96/2623799.html.

About Internap (NASDAQ:INAP)

Internap Corporation provides Internet infrastructure services. It operates through two business segments, INAP COLO and INAP CLOUD. The INAP COLO segment offers colocation services, including physical space within data centers and related services, such as power, interconnection, environmental controls, monitoring, and security; and Internet protocol (IP) connectivity services comprising its patented Performance IP and content delivery network services, IP routing hardware and software platforms, and Managed Internet Route Optimizer controllers.

Featured Article: How Do Tariffs Affect Trade Balances?

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.