Trade Report: Today, Stifel Nicolaus Increases 21Vianet Group Inc. (VNET) Price Target to $10.00

Today, Stifel Nicolaus Increases 21Vianet Group Inc. (VNET) Price Target to $10.00

21Vianet Group Inc. (NASDAQ:VNET) had its target price increased by research analysts at Stifel Nicolaus from $9.00 to $10.00 in a research note issued on Tuesday. The firm currently has a “hold” rating on the stock. Stifel Nicolaus’ price target points to a potential upside of 31.23% from the stock’s current price.

Other analysts have also issued research reports about the company. Zacks Investment Research raised 21Vianet Group from a “sell” rating to a “hold” rating in a research report on Wednesday, October 19th. JPMorgan Chase & Co. lowered 21Vianet Group from a “neutral” rating to an “underweight” rating and cut 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. 21Vianet Group has a 52-week low of $6.77 and a 52-week high of $21.32. The firm’s market cap is $867.53 million. The stock has a 50 day moving average price of $7.41 and a 200-day moving average price of $9.58.

A number of institutional investors have recently added to or reduced their stakes in VNET. Cubist Systematic Strategies LLC bought a new position in 21Vianet Group during the second quarter valued at about $100,000. Kassirer Asset Management Corp acquired a new stake in shares of 21Vianet Group during the second quarter worth approximately $102,000. Quantitative Systematic Strategies LLC acquired a new stake in shares of 21Vianet Group during the second quarter worth approximately $152,000. Global X Management Co. LLC boosted its stake in shares of 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 during the last quarter. Finally, Vanguard Group Inc. acquired a new stake in shares of 21Vianet Group during the second quarter worth approximately $196,000. Institutional investors own 22.26% of the company’s stock.

About 21Vianet Group

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