Today: Today, 21Vianet Group Inc. (VNET) PT Decreased to $9.00 at Stifel Nicolaus

Today, 21Vianet Group Inc. (VNET) PT Decreased to $9.00 at Stifel Nicolaus

21Vianet Group Inc. (NASDAQ:VNET) had its price target reduced by Stifel Nicolaus from $10.00 to $9.00 in a research note issued to investors on Tuesday. The firm currently has a “hold” rating on the stock. Stifel Nicolaus’ target price would suggest a potential upside of 18.11% from the company’s previous close.

Other equities research analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of 21Vianet Group from a “sell” rating to a “hold” rating in a research note on Wednesday, October 19th. JPMorgan Chase & Co. downgraded shares of 21Vianet Group from a “neutral” rating to an “underweight” rating and lowered their price objective for the stock from $21.00 to $5.60 in a research report on Wednesday, August 17th.

Shares of 21Vianet Group (NASDAQ:VNET) opened at 7.62 on Tuesday. The firm’s market cap is $867.53 million. 21Vianet Group has a 1-year low of $6.77 and a 1-year high of $21.32. The company has a 50 day moving average of $7.41 and a 200 day moving average of $9.58.

A number of hedge funds have recently made changes to their positions in VNET. Cubist Systematic Strategies LLC purchased a new stake in shares of 21Vianet Group during the second quarter worth approximately $100,000. Kassirer Asset Management Corp bought a new stake in 21Vianet Group during the second quarter worth about $102,000. Quantitative Systematic Strategies LLC bought a new stake in 21Vianet Group during the second quarter worth about $152,000. Global X Management Co. LLC boosted its stake in 21Vianet Group by 4.7% in the third quarter. Global X Management Co. LLC now owns 16,585 shares of the company’s stock worth $132,000 after buying an additional 741 shares in the last quarter. Finally, Vanguard Group Inc. bought a new stake in 21Vianet Group during the second quarter worth about $196,000. Hedge funds and other institutional investors own 22.26% of the company’s stock.

21Vianet Group Company Profile

Related posts

Leave a Comment