Internap Corporation (NASDAQ:INAP) Closed Well Above Its 50 Day Moving Average

Blackrock Inc. owns 2,155,885 shares with a value of $7,912,000.

INAP’s Former 10% Owner Park West Asset Management LLC Sell 2250000 shares of the company at a price of $3.88 on 2017-07-25. The recommendation scale measures the value from 1 to 5, where 1 means “Buy” and 5 stands for “Sell”. On the other side of RSI values, an RSI reading of 30 or below is commonly interpreted as indicating an oversold or undervalued condition that may signal a trend change or corrective price reversal to the upside.

Internap Corporation (NASDAQ INAP) traded up 1.00% during mid-day trading on Friday, reaching $4.03. 948,212 shares of the company’s stock traded hands. The stock’s market capitalization is $377.66 million. The stock’s average target of $6.45 is 43.97% above today’s ($4.48) share price.

Another recent and important Internap Corp (NASDAQ:INAP) news was published by Seekingalpha.com which published an article titled: “Internap Corporation’s (INAP) CEO Pete Aquino on Q2 2017 Results – Earnings …” on August 05, 2017. The consensus mean EPS for the current quarter is at $-0.07 derived from a total of 4 estimates from the analysts who have weighed in on projected earnings. Internap Corporation had a negative net margin of 45.52% and a negative return on equity of 234.35%. For the current year the company’s revenue estimates are $280.17 Million compared to low analyst estimates of $277.14 Million and high estimates of $285 Million according to 7 number of analysts. During the same quarter a year ago, the firm posted ($0.21) earnings per share. Internap Corporation’s revenue was down 6.3% compared to the same quarter a year ago.

According to analysts Internap Corp Cmn (NASDAQ:INAP)’s minimum EPS for the current quarter is at $-0.1 and can go high up to $-0.02. Five analysts have issued estimates for Internap Corporation’s earnings. If you are viewing this piece on another publication, it was stolen and reposted in violation of USA and worldwide copyright legislation. The correct version of this report can be accessed at https://www.chaffeybreeze.com/2017/08/11/insider-selling-internap-corporation-nasdaqinap-major-shareholder-sells-125000-shares-of-stock-updated-updated.html.

The following firms have also recently changed their position in INAP. Bank of New York Mellon Corp’s holdings in Internap Corporation were worth $192,000 as of its most recent filing with the SEC. Nationwide Fund Advisors acquired a new stake in shares of Internap Corporation during the second quarter valued at approximately $166,000. KCG Holdings Inc. increased its position in shares of Internap Corporation by 85.5% in the first quarter. As of the end of the quarter Renaissance Technologies LLC had bought a total of 866,401 shares growing its holdings by 46.7%. Investors measure stock performance on the basis of a company’s earnings power.

A number of research analysts recently weighed in on INAP shares.

Based on the latest brokerage notes which have been released to investors, 3 brokers have issued a rating of “strong buy”, 2 brokers “buy”, 2 brokers “neutral”, 0 brokers “sell” and 0 brokers “strong sell”. UBS AG raised shares of Internap Corporation from an “outperform” rating to a “strong-buy” rating in a report on Friday, August 4th.

Shares of Internap Corporation (INAP) opened at 4.75 on Thursday. Finally, Zacks Investment Research upgraded Internap Corporation from a “hold” rating to a “buy” rating and set a $3.75 price objective for the company in a research report on Tuesday, May 16th.

Internap Corporation (INAP) has been given an average price target of $4.57 from analysts, according to data collected by Finviz.

Internap Corporation, launched on July 25, 2001, is a technology provider of Internet infrastructure. 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).