21Vianet Group Inc. (NASDAQ:VNET) shares dropped 4.4% on Thursday . The company traded as low as $9.80 and last traded at $9.90, with a volume of 775,994 shares changing hands. The stock had previously closed at $10.36.

VNET has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of 21Vianet Group from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a report on Friday, March 18th. Morgan Stanley initiated coverage on shares of 21Vianet Group in a report on Friday, July 8th. They set an “underweight” rating and a $8.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. 21Vianet Group has a consensus rating of “Hold” and a consensus price target of $17.00.

The company has a 50-day moving average of $11.63 and a 200 day moving average of $17.14. The stock’s market cap is $871.91 million.

21Vianet Group (NASDAQ:VNET) last issued its earnings results on Thursday, May 26th. The company reported ($0.26) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.32) by $0.06. The firm earned $133.70 million during the quarter. The business’s quarterly revenue was down 3.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.02 earnings per share. Analysts expect that 21Vianet Group Inc. will post ($2.33) earnings per share for the current fiscal year.

A hedge fund recently bought a new stake in 21Vianet Group stock. Quantitative Investment Management LLC purchased a new stake in shares of 21Vianet Group Inc. (NASDAQ:VNET) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 63,400 shares of the company’s stock, valued at approximately $1,340,000. Quantitative Investment Management LLC owned about 0.07% of 21Vianet Group at the end of the most recent quarter.

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.