Shares of 21Vianet Group Inc. (NASDAQ:VNET) saw an uptick in trading volume on Monday . 1,545,881 shares were traded during mid-day trading, an increase of 109% from the previous session’s volume of 739,443 shares.The stock last traded at $10.65 and had previously closed at $10.27.

A number of research firms recently weighed in on VNET. Zacks Investment Research cut 21Vianet Group from a “buy” rating to a “hold” rating in a research note on Thursday, May 12th. JPMorgan Chase & Co. cut 21Vianet Group from a “neutral” rating to an “underweight” rating and dropped their price target for the company from $21.00 to $5.60 in a research note on Wednesday. Finally, Morgan Stanley began coverage on 21Vianet Group in a research note on Friday, July 8th. They issued an “underweight” rating and a $8.00 price target on the stock. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $11.87.

The stock’s market cap is $810.76 million. The company’s 50-day moving average price is $9.83 and its 200 day moving average price is $15.45.

21Vianet Group (NASDAQ:VNET) last announced its earnings results on Tuesday, August 16th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by $0.08. The company earned $137.10 million during the quarter, compared to the consensus estimate of $127.83 million. The firm’s revenue was down 1.9% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.02) earnings per share. On average, equities research analysts predict that 21Vianet Group Inc. will post ($0.35) earnings per share for the current year.

An institutional investor recently raised its position in 21Vianet Group stock. Pacific Alternative Asset Management Company LLC increased its stake in shares of 21Vianet Group Inc. (NASDAQ:VNET) by 8.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 551,648 shares of the company’s stock after buying an additional 42,400 shares during the period. 21Vianet Group comprises about 4.4% of Pacific Alternative Asset Management Company LLC’s portfolio, making the stock its 6th largest position. Pacific Alternative Asset Management Company LLC owned approximately 0.63% of 21Vianet Group worth $11,662,000 as of its most recent SEC filing.

21Vianet Group, Inc is a carrier-neutral Internet data center services provider. The Company hosts its customers’ servers and networking equipment and provides interconnectivity. The Company also provides managed network services to enable customers to deliver data across the Internet through its data transmission network and smart routing technology.

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