A number of other research firms have also recently issued reports on VNET. TheStreet cut 21Vianet Group from a c- rating to a d+ rating in a research report on Tuesday, August 20th. Zacks Investment Research lowered 21Vianet Group from a hold rating to a strong sell rating in a report on Saturday, August 24th. Finally, ValuEngine raised 21Vianet Group from a sell rating to a hold rating in a report on Thursday, August 1st. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of $11.00.
Shares of VNET stock opened at $8.62 on Friday. 21Vianet Group has a 52-week low of $6.60 and a 52-week high of $11.98. The stock has a market cap of $943.16 million, a price-to-earnings ratio of -35.92 and a beta of 1.15. The firm’s 50-day moving average is $7.46 and its 200-day moving average is $7.81. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.28 and a current ratio of 2.28.
21Vianet Group (NASDAQ:VNET) last posted its quarterly earnings results on Monday, August 19th. The information technology services provider reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.10). The business had revenue of $129.36 million for the quarter, compared to the consensus estimate of $129.40 million. 21Vianet Group had a negative return on equity of 3.43% and a negative net margin of 6.76%. Sell-side analysts predict that 21Vianet Group will post -0.05 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently modified their holdings of VNET. Bank of Montreal Can lifted its holdings in 21Vianet Group by 6.0% during the 1st quarter. Bank of Montreal Can now owns 27,831 shares of the information technology services provider’s stock worth $221,000 after purchasing an additional 1,572 shares during the last quarter. Penserra Capital Management LLC lifted its holdings in shares of 21Vianet Group by 1.5% during the first quarter. Penserra Capital Management LLC now owns 124,930 shares of the information technology services provider’s stock worth $991,000 after buying an additional 1,811 shares in the last quarter. Segantii Capital Management Ltd lifted its holdings in shares of 21Vianet Group by 16.7% during the second quarter. Segantii Capital Management Ltd now owns 16,072 shares of the information technology services provider’s stock worth $125,000 after buying an additional 2,296 shares in the last quarter. Cutler Group LP acquired a new stake in shares of 21Vianet Group during the first quarter worth $38,000. Finally, Stevens Capital Management LP bought a new stake in shares of 21Vianet Group in the second quarter valued at about $80,000. 39.31% of the stock is currently owned by institutional investors.
21Vianet Group Company Profile
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. It offers hosting and related services to house servers and networking equipment in its data centers, and connects them through a data transmission network.
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