232 institutions hold shares in 21Vianet Group Inc. (VNET), with 1.01M shares held by insiders accounting for 0.75% while institutional investors hold 89.44% of the company’s shares. The shares outstanding are 133.83M, and float is at 106.73M with Short Float at 7.80%. Institutions hold 88.77% of the Float.
The top institutional shareholder in the company is Morgan Stanley with over 6.06 million shares valued at $210.1 million. The investor’s holdings represent 5.74% of the VNET Shares outstanding. As of Dec 30, 2020, the second largest holder is FIL LTD with 4.86 million shares valued at $168.44 million to account for 4.60% of the shares outstanding. The other top investors are TT International Asset Management LTD which holds 4.35 million shares representing 4.12% and valued at over $150.94 million, while Bloom Tree Partners, LLC holds 3.04% of the shares totaling 3.21 million with a market value of $111.23 million.
21Vianet Group Inc. (NASDAQ: VNET) is -2.31% lower on its value in year-to-date trading and has touched a low of $12.67 and a high of $44.45 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The VNET stock was last observed hovering at around $33.54 in the last trading session, with the day’s gains setting it 0.35% off its average median price target of $299.56 for the next 12 months. It is also 90.74% off the consensus price target high of $365.90 offered by 12 analysts, but current levels are 87.51% higher than the price target low of $271.37 for the same period.
Currently trading at $33.89, the stock is 3.38% and -7.45% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.8 million and changing 1.04% at the moment leaves the stock 19.56% off its SMA200. VNET registered 127.91% gain for a year compared to 6-month gain of 42.22%. The firm has a 50-day simple moving average (SMA 50) of $34.83 and a 200-day simple moving average (SMA200) of $30.77.
The stock witnessed a 3.45% loss in the last 1 month and extending the period to 3 months gives it a -2.31%, and is 6.61% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.79% over the week and 7.69% over the month.
21Vianet Group Inc. (VNET) has around 2295 employees, a market worth around $4.40B and $737.10M in sales. Profit margin for the company is -65.90%. Distance from 52-week low is 167.48% and -23.76% from its 52-week high. The company has generated returns on investments over the last 12 months (0.00%).
21Vianet Group Inc. (VNET) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for 21Vianet Group Inc. (VNET) is a “Buy”. 12 analysts offering their recommendations for the stock have an average rating of 1.60, where 0 rate it as a Hold and 1 think it is a “Overweight”. 11 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
21Vianet Group Inc. is expected to release its quarterly report on 08/24/2021 and quarterly earnings per share for the current quarter are estimated at -$1.73 with sales reaching $205.28M over the same period.The EPS is expected to shrink by -3312.50% this year, but quarterly earnings will post 27.40% year-over-year. Quarterly sales are estimated to grow 37.10% in year-over-year returns.
21Vianet Group Inc. (VNET): Who are the competitors?
The company’s main competitors (and peers) include Cardtronics plc (CATM) that is trading 135.23% up over the past 12 months and Equinix Inc. (REIT) (EQIX) that is 10.24% higher over the same period. Baidu Inc. (BIDU) is 123.21% up on the 1-year trading charts. Short interest in the company’s stock has risen 32.05% from the last report on Feb 11, 2021 to stand at a total of 5.66 million short shares sold with a short interest ratio of 3.01.