Shares of Internap Corp (NASDAQ:INAP) have been assigned an average recommendation of “Hold” from the six analysts that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $21.00.

INAP has been the topic of a number of analyst reports. SunTrust Banks initiated coverage on Internap in a research report on Tuesday, September 18th. They set a “buy” rating and a $22.00 price target on the stock. BidaskClub raised Internap from a “sell” rating to a “hold” rating in a research report on Wednesday, July 11th. ValuEngine raised Internap from a “strong sell” rating to a “sell” rating in a research report on Friday, August 3rd. Stifel Nicolaus set a $13.00 price target on Internap and gave the stock a “hold” rating in a research report on Friday, August 3rd. Finally, Zacks Investment Research upgraded Internap from a “sell” rating to a “hold” rating in a research note on Thursday, July 5th.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in INAP. Los Angeles Capital Management & Equity Research Inc. bought a new stake in Internap during the second quarter worth $126,000. Citadel Advisors LLC bought a new stake in Internap during the first quarter worth $169,000. Dynamic Technology Lab Private Ltd bought a new stake in Internap during the first quarter worth $188,000. Royal Bank of Canada lifted its stake in Internap by 1,220.3% during the first quarter. Royal Bank of Canada now owns 17,666 shares of the information technology services provider’s stock worth $194,000 after purchasing an additional 16,328 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in Internap during the first quarter worth $202,000. Hedge funds and other institutional investors own 83.90% of the company’s stock.

Internap stock opened at $11.53 on Friday. Internap has a 12 month low of $8.88 and a 12 month high of $20.68. The company has a debt-to-equity ratio of -126.72, a quick ratio of 0.62 and a current ratio of 0.62. The company has a market capitalization of $267.99 million, a PE ratio of -7.44 and a beta of 2.26.

Internap (NASDAQ:INAP) last issued its quarterly earnings results on Thursday, August 2nd. The information technology services provider reported ($0.47) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.69) by $0.22. The business had revenue of $81.96 million for the quarter, compared to the consensus estimate of $81.76 million. Internap had a negative return on equity of 2,471.65% and a negative net margin of 15.52%. The firm’s quarterly revenue was up 17.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.24) earnings per share. On average, analysts anticipate that Internap will post -2.27 EPS for the current year.

Internap Company Profile

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.

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