Internap Corp (NASDAQ:INAP) CEO Peter D. Aquino bought 16,500 shares of the stock in a transaction that occurred on Tuesday, November 6th. The stock was bought at an average cost of $7.02 per share, for a total transaction of $115,830.00. Following the completion of the purchase, the chief executive officer now directly owns 637,796 shares of the company’s stock, valued at $4,477,327.92. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website.
Shares of NASDAQ INAP opened at $6.94 on Friday. Internap Corp has a one year low of $6.08 and a one year high of $18.49. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 72.60. The company has a market cap of $180.88 million, a price-to-earnings ratio of -4.48 and a beta of 2.51.
Internap (NASDAQ:INAP) last issued its quarterly earnings results on Thursday, November 1st. The information technology services provider reported ($0.75) 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 business had revenue of $82.97 million for the quarter, compared to the consensus estimate of $82.80 million. During the same quarter in the previous year, the business earned ($0.48) earnings per share. The firm’s revenue was up 20.4% on a year-over-year basis. As a group, sell-side analysts predict that Internap Corp will post -2.58 EPS for the current fiscal year.
A number of equities research analysts recently weighed in on INAP shares. BidaskClub downgraded shares of Internap from a “buy” rating to a “hold” rating in a research note on Wednesday, September 5th. SunTrust Banks started coverage on shares of Internap in a research note on Tuesday, September 18th. They issued a “buy” rating and a $22.00 target price on the stock. Stifel Nicolaus started coverage on shares of Internap in a research note on Tuesday, July 17th. They issued a “hold” rating and a $12.00 target price on the stock. Craig Hallum lowered their target price on shares of Internap from $22.00 to $16.00 and set a “buy” rating on the stock in a research note on Friday, November 2nd. Finally, Zacks Investment Research downgraded shares of Internap from a “buy” rating to a “hold” rating in a research note on Wednesday, October 31st. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $17.60.
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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