21Vianet Group Inc. (NASDAQ:VNET) was up 2.3% during mid-day trading on Monday . The company traded as high as $9.70 and last traded at $9.66, with a volume of 531,454 shares traded. The stock had previously closed at $9.44.

A number of research analysts have recently weighed in on VNET shares. Zacks Investment Research downgraded shares of 21Vianet Group from a “buy” rating to a “hold” rating in a research report on Thursday, May 12th. Morgan Stanley started coverage on shares of 21Vianet Group in a research report on Friday, July 8th. They set an “underweight” rating and a $8.00 target price for the company. Two investment 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. 21Vianet Group currently has a consensus rating of “Hold” and an average target price of $17.00.

The company’s market capitalization is $843.96 million. The firm’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) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.32) by $0.06. During the same period in the prior year, the business posted $0.02 earnings per share. The business had revenue of $133.70 million for the quarter. 21Vianet Group’s revenue for the quarter was down 3.6% compared to the same quarter last year. On average, analysts anticipate that 21Vianet Group Inc. will post ($2.33) earnings per share for the current fiscal year.

A hedge fund recently raised its stake in 21Vianet Group stock. Morgan Stanley raised its position in shares of 21Vianet Group Inc. (NASDAQ:VNET) by 180.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,100,561 shares of the company’s stock after buying an additional 708,308 shares during the period. Morgan Stanley owned 1.26% of 21Vianet Group worth $23,265,000 as of its most recent filing with the SEC.

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 MarketBeat.com's FREE daily email newsletter.