21Vianet Group (NASDAQ:VNET) Shares Gap Up to $28.58

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21Vianet Group, Inc. (NASDAQ:VNET) gapped up prior to trading on Friday . The stock had previously closed at $28.58, but opened at $29.76. 21Vianet Group shares last traded at $29.67, with a volume of 6,325 shares changing hands.

VNET has been the topic of a number of research analyst reports. Zacks Investment Research lowered 21Vianet Group from a “hold” rating to a “sell” rating in a research report on Wednesday, April 14th. Citigroup boosted their target price on 21Vianet Group from $33.00 to $47.00 in a research report on Wednesday, March 3rd. One analyst has rated the stock with a sell rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $31.50.

The business has a 50-day moving average price of $31.90 and a two-hundred day moving average price of $31.70. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 0.92. The firm has a market cap of $4.00 billion, a PE ratio of -10.39 and a beta of 0.44.

21Vianet Group (NASDAQ:VNET) last posted its quarterly earnings data on Tuesday, March 23rd. The information technology services provider reported ($1.20) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($1.25). 21Vianet Group had a negative return on equity of 41.77% and a negative net margin of 47.40%. The company had revenue of $206.65 million for the quarter, compared to analysts’ expectations of $204.36 million. On average, equities research analysts predict that 21Vianet Group, Inc. will post -2.56 earnings per share for the current fiscal year.

A number of large investors have recently bought and sold shares of VNET. Caas Capital Management LP purchased a new position in 21Vianet Group in the fourth quarter valued at $53,423,000. Segantii Capital Management Ltd purchased a new position in 21Vianet Group in the fourth quarter valued at $38,094,000. Norges Bank purchased a new position in 21Vianet Group in the fourth quarter valued at $36,329,000. Principal Financial Group Inc. increased its holdings in 21Vianet Group by 84.2% in the fourth quarter. Principal Financial Group Inc. now owns 2,285,054 shares of the information technology services provider’s stock valued at $79,269,000 after buying an additional 1,044,754 shares during the last quarter. Finally, Falcon Edge Capital LP purchased a new position in 21Vianet Group in the fourth quarter valued at $34,551,000. 56.83% of the stock is currently owned by hedge funds and other institutional investors.

21Vianet Group Company Profile (NASDAQ:VNET)

21Vianet Group, Inc provides carrier and cloud-neutral Internet data center services to Internet companies, government entities, blue-chip enterprises, and small-to mid-sized enterprises in the People's Republic of China. The company operates in two segments, Hosting and Related Services, and Managed Network Services.

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