21Vianet Group Inc. (NASDAQ:VNET)’s share price traded up 4.8% during trading on Monday . The stock traded as high as $10.13 and last traded at $10.07, with a volume of 489,823 shares traded. The stock had previously closed at $9.61.

Several equities analysts have commented on the stock. Zacks Investment Research downgraded shares of 21Vianet Group from a “buy” rating to a “hold” rating in a research note on Thursday, May 12th. Morgan Stanley assumed coverage on shares of 21Vianet Group in a research note on Friday, July 8th. They issued an “underweight” rating and a $8.00 price target for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $17.00.

The company has a 50-day moving average price of $9.92 and a 200 day moving average price of $15.76. The stock’s market capitalization is $907.30 million.

21Vianet Group (NASDAQ:VNET) last announced its quarterly earnings data 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 last year, the company posted $0.02 EPS. The business earned $133.70 million during the quarter. The business’s quarterly revenue was down 3.6% on a year-over-year basis. Analysts expect that 21Vianet Group Inc. will post ($0.35) EPS for the current 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 disclosure with the SEC. The firm 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 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.

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