VNET Group (NASDAQ:VNET) Shares Up 9.6% – Still a Buy?

VNET Group, Inc. – Unsponsored ADR (NASDAQ:VNET)’s stock price shot up 9.6% during mid-day trading on Wednesday . The company traded as high as $11.12 and last traded at $10.8720. 2,179,230 shares changed hands during mid-day trading, a decline of 70% from the average session volume of 7,338,228 shares. The stock had previously closed at $9.92.

Key Headlines Impacting VNET Group

Here are the key news stories impacting VNET Group this week:

• Positive Sentiment: Management said first-quarter execution was strong, citing progress on its dual-core strategy and Hyperscale 2.0 framework, which suggests the company is continuing to expand its data center platform. VNET Reports Unaudited First Quarter 2026 Financial Results
• Positive Sentiment: Revenue was approximately in line with analyst expectations, and coverage cited quarterly EBITDA outperforming forecasts, which may support the stock despite the earnings miss. VNET Group Inc (VNET) Q1 2026 Earnings Call Highlights
• Neutral Sentiment: Investors are also reviewing the earnings call presentation and transcript for updated guidance and commentary on growth, margins, and capital spending. VNET Group, Inc. 2026 Q1 – Results – Earnings Call Presentation
• Negative Sentiment: The biggest negative was a sharp earnings miss: VNET reported a loss of $1.18 per share versus expectations for a much smaller loss, raising concerns about profitability and execution on the bottom line. VNET earnings report and transcript

Wall Street Analyst Weigh In

A number of research firms recently issued reports on VNET. Weiss Ratings reiterated a “sell (d-)” rating on shares of VNET Group in a report on Friday, March 27th. Wall Street Zen upgraded VNET Group from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Zacks Research lowered VNET Group from a “hold” rating to a “strong sell” rating in a report on Monday, May 18th. Morgan Stanley reaffirmed an “overweight” rating and set a $16.00 price target on shares of VNET Group in a report on Wednesday. Finally, Bank of America set a $16.30 price target on VNET Group and gave the stock a “buy” rating in a report on Tuesday. Three research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $19.03.

VNET Group Price Performance

The company has a market capitalization of $2.92 billion, a PE ratio of -37.27 and a beta of 0.19. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 2.68. The stock has a fifty day simple moving average of $9.04 and a 200-day simple moving average of $9.71.

VNET Group (NASDAQ:VNET) last announced its quarterly earnings results on Monday, March 16th. The information technology services provider reported $0.00 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.04). VNET Group had a positive return on equity of 1.36% and a negative net margin of 2.48%.The business had revenue of $384.07 million for the quarter, compared to analysts’ expectations of $368.64 million. Equities analysts anticipate that VNET Group, Inc. – Unsponsored ADR will post 0.21 earnings per share for the current year.

Insider Activity at VNET Group

In other news, Director David Lifeng Chen sold 83,544 shares of VNET Group stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $1.51, for a total transaction of $126,151.44. Following the sale, the director owned 334,164 shares in the company, valued at approximately $504,587.64. The trade was a 20.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 12.10% of the company’s stock.

Institutional Trading of VNET Group

A number of hedge funds and other institutional investors have recently made changes to their positions in VNET. Leonteq Securities AG acquired a new stake in shares of VNET Group during the first quarter worth about $25,000. Global Retirement Partners LLC acquired a new stake in shares of VNET Group during the fourth quarter worth about $27,000. EverSource Wealth Advisors LLC increased its position in shares of VNET Group by 52.2% during the second quarter. EverSource Wealth Advisors LLC now owns 4,157 shares of the information technology services provider’s stock worth $29,000 after purchasing an additional 1,426 shares in the last quarter. Parallel Advisors LLC increased its position in shares of VNET Group by 26.8% during the first quarter. Parallel Advisors LLC now owns 5,495 shares of the information technology services provider’s stock worth $46,000 after purchasing an additional 1,160 shares in the last quarter. Finally, Allianz SE acquired a new stake in shares of VNET Group during the fourth quarter worth about $50,000. Institutional investors and hedge funds own 72.83% of the company’s stock.

About VNET Group

VNET Group, Inc (NASDAQ: VNET) is a leading carrier-neutral internet data center (IDC) services provider in China. Established in 1999 and headquartered in Beijing, the company delivers a full spectrum of infrastructure solutions that support the growing digital economy. Its core offerings include data center colocation, managed hosting, network connectivity, and disaster recovery services designed to meet the performance and reliability requirements of enterprise and internet content customers.

The company’s product portfolio spans private cloud, public cloud and hybrid cloud deployments, enabling clients to scale computing resources on demand.