21Vianet Group Inc. (NASDAQ:VNET)’s share price traded up 2.3% during trading on Monday . The stock 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.

Several equities analysts have recently commented on the stock. Zacks Investment Research cut shares of 21Vianet Group from a “hold” rating to a “sell” rating in a research report on Friday, June 3rd. Morgan Stanley assumed coverage on shares of 21Vianet Group in a research 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 issued a hold rating and one has assigned a buy rating to the stock. 21Vianet Group currently has an average rating of “Hold” and a consensus target price of $17.00.

The firm has a 50 day moving average of $11.24 and a 200-day moving average of $16.80. The firm’s market cap is $830.85 million.

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

An institutional investor recently raised its position 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 filing with the Securities and Exchange Commission. 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 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.

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