Analyst's Predictions on Internap Corporation (INAP), Alcoa Corporation (AA)

Gladys Abbott
August 13, 2017

The stock was bought at an average cost of $3.29 per share, for a total transaction of $50,271.20.

Internap Corporation (NASDAQ:INAP) has seen its price went down by -6.82% over the course of one week. If you are viewing this piece on another publication, it was stolen and reposted in violation of US and worldwide copyright legislation.

Currently Internap Corp Cmn (NASDAQ:INAP)'s shares owned by insiders are 4.1%, whereas shares owned by institutional owners are 78.6%. Internap Corporation (INAP) recently closed with rise of 18.29% to its 20-Day Simple Moving Average.

Separately, Renaissance Technologies LLC raised its position in Internap Corporation by 46.2% in the fourth quarter. The company has market cap of $406.34 million.

Internap Corporation (INAP) shows its Return on Assets (ROA) value of -28.4 percent, while the Return on Equity (ROE) value is 0 percent and Return on Investment (ROI) value stands at -25.3 percent. Renaissance Technologies LLC now owns 1,563,420 shares of the information technology services provider's stock worth $2,408,000 after buying an additional 493,920 shares in the last quarter. The original version of this article can be accessed at https://theolympiareport.com/2017/08/12/internap-corporation-inap-receives-consensus-recommendation-of-buy-from-brokerages.html. On Friday, August 4 the stock rating was maintained by Stifel Nicolaus with "Buy". Shares saw a steep increase in trading volume of 644.97% over the normal average daily volume. Internap Corporation was covered by a number of analysts recently, 3 rated the stock as Buy, 2 rated Outperform, 2 rated Hold, 0 gave an Underperform and 0 rated sell. Finally, Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Internap Corporation during the first quarter worth approximately $232,000.

Previously Internap Corp Cmn (NASDAQ:INAP) reported $-0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $-0.06 by $-0.01.

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Internap Corporation (INAP) have shown a high EPS growth of -15.91% in the last 5 years and has earnings decline of -155.40% yoy. Finally, UBS AG upgraded Internap Corporation from an "outperform" rating to a "strong-buy" rating in a research report on Friday, August 4th.

During last 5 trades the stock sticks nearly 12.56%. Also, Director Peter J. Rogers, Jr. acquired 15,280 shares of the stock in a transaction that occurred on Tuesday, May 30th. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Following the acquisition, the director now directly owns 67,306 shares in the company, valued at $221,436.74.

In other Internap Corporation news, major shareholder Park West Asset Management Llc sold 125,000 shares of the business's stock in a transaction on Thursday, July 20th.

A look at some of the inputs to technical analysis model shows how Internap Corporation current price compares to its recent moving averages. Hedge funds and other institutional investors own 77.37% of the company's stock. The disclosure for this purchase can be found here. During the same quarter in the previous year, the company earned ($0.21) earnings per share. The firm had revenue of $69.64 million for the quarter, compared to analyst estimates of $70.59 million. In the last ninety days, insiders have sold 3,482,700 shares of company stock valued at $13,640,242. Going from the most negative analyst price target to above consensus is one thing. 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).

Receive Internap Network Services Corporation News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Internap Network Services Corporation with MarketBeat.com's FREE daily email newsletter. The Company operates through two segments: Data Center and Network Services, and Cloud and Hosting Services.

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