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

VNET has been the subject of a number of recent research reports. Zacks Investment Research lowered shares of 21Vianet Group from a “buy” rating to a “hold” rating in a research note on Thursday, May 12th. Morgan Stanley initiated coverage on shares of 21Vianet Group in a research note on Friday, July 8th. They set an “underweight” rating and a $8.00 price target for the company. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $17.00.

The firm’s market capitalization is $824.74 million. The company’s 50 day moving average price is $11.41 and its 200 day moving average price is $17.00.

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

An institutional investor recently raised its position in 21Vianet Group stock. Morgan Stanley increased its position in shares of 21Vianet Group Inc. (NASDAQ:VNET) by 180.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,100,561 shares of the company’s stock after buying an additional 708,308 shares during the period. Morgan Stanley owned approximately 1.26% of 21Vianet Group worth $23,265,000 at the end of the most recent reporting period.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with's FREE daily email newsletter.