NASDAQ:VNET VNET Group (VNET) Stock Forecast, Price & News $3.01 +0.13 (+4.51%) (As of 06/6/2023 ET) Add Compare Share Share Today's Range$2.84▼$3.0150-Day Range$2.54▼$4.1452-Week Range$2.53▼$6.83Volume937,866 shsAverage Volume1.91 million shsMarket Capitalization$445.70 millionP/E RatioN/ADividend YieldN/APrice Target$5.90 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media VNET Group MarketRank™ ForecastAnalyst RatingHold2.00 Rating ScoreUpside/Downside96.0% Upside$5.90 Price TargetShort InterestHealthy3.90% of Shares Sold ShortDividend StrengthN/ASustainabilityN/ANews SentimentN/AInsider TradingN/AProj. Earnings GrowthGrowingFrom ($0.16) to ($0.10) Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.04 out of 5 starsComputer And Technology Sector337th out of 606 stocksComputer Programming, Data Processing, & Other Computer Related Industry27th out of 59 stocks 3.0 Analyst's Opinion Consensus RatingVNET Group has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $5.90, VNET Group has a forecasted upside of 96.0% from its current price of $3.01.Amount of Analyst CoverageVNET Group has only been the subject of 1 research reports in the past 90 days. Previous Next 4.0 Short Interest Percentage of Shares Shorted3.90% of the outstanding shares of VNET Group have been sold short.Short Interest Ratio / Days to CoverVNET Group has a short interest ratio ("days to cover") of 2.8, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in VNET Group has recently decreased by 3.18%, indicating that investor sentiment is improving. Previous Next 0.0 Dividend Strength Dividend YieldVNET Group does not currently pay a dividend.Dividend GrowthVNET Group does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for VNET. Previous Next 2.1 News and Social Media Coverage News SentimentVNET Group has a news sentiment score of 0.73. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.50 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 1 news article for VNET Group this week, compared to 2 articles on an average week.Search InterestOnly 2 people have searched for VNET on MarketBeat in the last 30 days. This is a decrease of -83% compared to the previous 30 days. Previous Next 0.8 Company Ownership Insider Buying vs. Insider SellingIn the past three months, VNET Group insiders have not sold or bought any company stock.Percentage Held by Insiders12.10% of the stock of VNET Group is held by insiders. A high percentage of insider ownership can be a sign of company health. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for VNET Group are expected to grow in the coming year, from ($0.16) to ($0.10) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of VNET Group is -3.86, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of VNET Group is -3.86, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioVNET Group has a P/B Ratio of 0.44. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About VNET Group (NASDAQ:VNET) StockVNET Group, Inc. is a holding company, which engages in the provision of carrier-neutral internet data center services. Its services include interconnectivity, colocation or data center managed hosting services, and cloud services. The company was founded by Sheng Chen and Jun Zhang on October 16, 1999 and is headquartered in Beijing, China.Read More Receive VNET Stock News and Ratings via Email Sign-up to receive the latest news and ratings for VNET Group and its competitors with MarketBeat's FREE daily newsletter. Email Address VNET Stock News HeadlinesMay 28, 2023 | americanbankingnews.comStockNews.com Upgrades VNET Group (NASDAQ:VNET) to "Hold"May 26, 2023 | finance.yahoo.comVNET - VNET Group, Inc.June 6, 2023 | Behind the Markets (Ad)[BREAKING] New "Living Software" to Revolutionize WarfareThis breakthrough will change "the way wars will be fought, and won, for years to come." - Chairman of the Joint Chief of Staff, General Mark Milley Get the name of the company supplying it to the U.S. Army here >>>May 25, 2023 | finanznachrichten.deVNET Group, Inc.: VNET Reports Unaudited First Quarter 2023 Financial ResultsMay 24, 2023 | finance.yahoo.comVNET Reports Unaudited First Quarter 2023 Financial ResultsMay 22, 2023 | americanbankingnews.comVNET Group (VNET) Scheduled to Post Quarterly Earnings on WednesdayMay 19, 2023 | americanbankingnews.comVNET Group (NASDAQ:VNET) Now Covered by Analysts at StockNews.comMay 18, 2023 | msn.comOnline Retailers, Tech Stocks Lead Asian Equities Lower in Thursday TradingJune 6, 2023 | Behind the Markets (Ad)[BREAKING] New "Living Software" to Revolutionize WarfareThis breakthrough will change "the way wars will be fought, and won, for years to come." - Chairman of the Joint Chief of Staff, General Mark Milley Get the name of the company supplying it to the U.S. Army here >>>May 11, 2023 | finance.yahoo.comVNET to Announce Unaudited First Quarter 2023 Financial Results on May 24, 2023May 4, 2023 | finance.yahoo.com3 Reasons Why VNET Stock Could Double, According to DBSApril 27, 2023 | finance.yahoo.comVNET Files Its Annual Report on Form 20-F for Fiscal Year 2022April 24, 2023 | finance.yahoo.comVNET Publishes 2022 Environment, Social and Governance ReportApril 7, 2023 | americanbankingnews.comVNET Group (NASDAQ:VNET) Trading Down 4.4%April 5, 2023 | americanbankingnews.comVNET Group Sees Unusually Large Options Volume (NASDAQ:VNET)April 4, 2023 | markets.businessinsider.comJefferies Reaffirms Their Buy Rating on VNET Group, Inc. Sponsored ADR (VNET)April 3, 2023 | msn.comUnusual Call Option Trade in 21Vianet Group (VNET) Worth $167.96KMarch 29, 2023 | morningstar.comVNET Group Continues to Gain Market Share in the Chinese Wholesale MarketMarch 29, 2023 | americanbankingnews.comFY2023 EPS Estimates for VNET Group, Inc. (NASDAQ:VNET) Boosted by Jefferies Financial GroupMarch 26, 2023 | americanbankingnews.comFY2027 Earnings Forecast for VNET Group, Inc. (NASDAQ:VNET) Issued By Jefferies Financial GroupMarch 24, 2023 | msn.comDow Up 150 Points; Gold Jumps Over 2%March 24, 2023 | americanbankingnews.comVNET Group (NASDAQ:VNET) Cut to Neutral at NomuraMarch 22, 2023 | finanznachrichten.deVNET Group, Inc.: VNET Reports Unaudited Fourth Quarter and Full Year 2022 Financial ResultsMarch 22, 2023 | finance.yahoo.comVNET Group, Inc.: VNET Group Continues to Gain Market Share in the Chinese Wholesale MarketMarch 21, 2023 | prnewswire.comVNET Reports Unaudited Fourth Quarter and Full Year 2022 Financial ResultsMarch 20, 2023 | seekingalpha.com21Vianet Group Q4 Earnings PreviewMarch 20, 2023 | benzinga.comA Preview Of VNET Group's EarningsSee More Headlines VNET Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart VNET Company Calendar Last Earnings3/21/2023Today6/06/2023Next Earnings (Estimated)8/29/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Computer programming, data processing, & other computer related Sub-IndustryN/A SectorComputer and Technology Current SymbolNASDAQ:VNET CUSIPN/A CIK1508475 Webwww.21vianet.com Phone861084562121Fax86-10-8456-4234Employees3,293Year FoundedN/APrice Target and Rating Average Stock Price Forecast$5.90 High Stock Price Forecast$5.90 Low Stock Price Forecast$5.90 Forecasted Upside/Downside+96.0%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)($0.78) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-112,500,000.00 Net Margins-10.82% Pretax Margin-8.73% Return on Equity-10.92% Return on Assets-2.88% Debt Debt-to-Equity Ratio0.90 Current Ratio0.75 Quick Ratio0.75 Sales & Book Value Annual Sales$7.23 billion Price / Sales0.06 Cash Flow$0.84 per share Price / Cash Flow3.57 Book Value$6.84 per share Price / Book0.44Miscellaneous Outstanding Shares148,074,000Free Float130,157,000Market Cap$445.70 million OptionableOptionable Beta-0.23 Key ExecutivesJeff DongPresident & Chief Executive OfficerTim ChenChief Financial OfficerShi Qi WangCEO-Wholesale IDC Business GroupXin Yuan LiuHead-Investors RelationsKey CompetitorsSimilarwebNYSE:SMWBSify TechnologiesNASDAQ:SIFYBlend LabsNYSE:BLNDCEVANASDAQ:CEVATrueCarNASDAQ:TRUEView All CompetitorsInstitutional OwnershipPrelude Capital Management LLCBought 100,000 shares on 6/1/2023Ownership: 0.068%Balyasny Asset Management L.P.Bought 46,721 shares on 5/16/2023Ownership: 0.234%Susquehanna International Group LLPBought 76,400 shares on 5/16/2023Ownership: 0.000%Geode Capital Management LLCBought 13,809 shares on 5/16/2023Ownership: 0.105%Jane Street Group LLCBought 38,600 shares on 5/16/2023Ownership: 0.000%View All Institutional Transactions VNET Stock - Frequently Asked Questions Should I buy or sell VNET Group stock right now? 2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for VNET Group in the last year. There are currently 2 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" VNET shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in VNET, but not buy additional shares or sell existing shares. View VNET analyst ratings or view top-rated stocks. What is VNET Group's stock price forecast for 2023? 2 equities research analysts have issued twelve-month price targets for VNET Group's shares. Their VNET share price forecasts range from $5.90 to $5.90. On average, they anticipate the company's share price to reach $5.90 in the next year. This suggests a possible upside of 96.0% from the stock's current price. View analysts price targets for VNET or view top-rated stocks among Wall Street analysts. How have VNET shares performed in 2023? VNET Group's stock was trading at $5.67 at the beginning of 2023. Since then, VNET shares have decreased by 46.9% and is now trading at $3.01. View the best growth stocks for 2023 here. When is VNET Group's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 29th 2023. View our VNET earnings forecast. How were VNET Group's earnings last quarter? VNET Group, Inc. (NASDAQ:VNET) announced its quarterly earnings data on Tuesday, March, 21st. The information technology services provider reported ($0.06) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.48 by $0.54. The information technology services provider earned $272.67 million during the quarter, compared to analysts' expectations of $302.53 million. VNET Group had a negative trailing twelve-month return on equity of 10.92% and a negative net margin of 10.82%. What ETFs hold VNET Group's stock? ETFs with the largest weight of VNET Group (NASDAQ:VNET) stock in their portfolio include Global X Data Center REITs & Digital Infrastructure ETF (VPN), Global X Cloud Computing ETF (CLOU), Roundhill IO Digital Infrastructure ETF (BYTE), SPDR FactSet Innovative Technology ETF (XITK), Fidelity Cloud Computing ETF (FCLD), Wedbush ETFMG Global Cloud Technology ETF (IVES), iShares MSCI China Small-Cap ETF (ECNS) and ERShares NextGen Entrepreneurs ETF (ERSX). What guidance has VNET Group issued on next quarter's earnings? VNET Group issued an update on its FY 2023 earnings guidance on Friday, May, 26th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $1.11 billion-$1.15 billion, compared to the consensus revenue estimate of $1.10 billion. What other stocks do shareholders of VNET Group own? Based on aggregate information from My MarketBeat watchlists, some companies that other VNET Group investors own include Alibaba Group (BABA), NVIDIA (NVDA), Baidu (BIDU), Micron Technology (MU), ServiceNow (NOW), QUALCOMM (QCOM), Taiwan Semiconductor Manufacturing (TSM), Advanced Micro Devices (AMD), Cisco Systems (CSCO) and Energy Transfer (ET). What is VNET Group's stock symbol? VNET Group trades on the NASDAQ under the ticker symbol "VNET." Who are VNET Group's major shareholders? VNET Group's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Bank of America Corp DE (1.98%), FMR LLC (1.75%), BlackRock Inc. (1.46%), Anson Funds Management LP (1.28%), Bloom Tree Partners LLC (1.22%) and Mirae Asset Global Investments Co. Ltd. (0.94%). How do I buy shares of VNET Group? Shares of VNET stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is VNET Group's stock price today? One share of VNET stock can currently be purchased for approximately $3.01. How much money does VNET Group make? VNET Group (NASDAQ:VNET) has a market capitalization of $445.70 million and generates $7.23 billion in revenue each year. The information technology services provider earns $-112,500,000.00 in net income (profit) each year or ($0.78) on an earnings per share basis. How many employees does VNET Group have? The company employs 3,293 workers across the globe. How can I contact VNET Group? VNET Group's mailing address is Guanjie Building Southeast 1st Floor 10# Jiuxianqiao East Road, Beijing F4, 100016. The official website for the company is www.21vianet.com. The information technology services provider can be reached via phone at 861084562121 or via fax at 86-10-8456-4234. This page (NASDAQ:VNET) was last updated on 6/6/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding VNET Group, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. 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