GDS (NASDAQ:GDS) Shares Gap Up – Here’s Why

Shares of GDS Holdings (NASDAQ:GDS) gapped up prior to trading on Friday . The stock had previously closed at $42.13, but opened at $44.12. GDS shares last traded at $43.7050, with a volume of 518,508 shares changing hands.

Wall Street Analyst Weigh In

GDS has been the subject of a number of research analyst reports. UBS Group set a $55.00 price target on GDS in a report on Monday, December 1st. TD Cowen lowered their target price on GDS from $38.00 to $37.00 and set a “buy” rating for the company in a research note on Thursday, November 20th. Raymond James Financial reissued a “strong-buy” rating on shares of GDS in a report on Tuesday, January 13th. Macquarie set a $46.70 price target on shares of GDS in a research note on Thursday, November 6th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of GDS in a research report on Monday, December 29th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $46.70.

GDS Trading Up 3.2%

The company has a market cap of $7.79 billion, a price-to-earnings ratio of 10.90 and a beta of 0.34. The business’s fifty day moving average price is $36.02 and its 200 day moving average price is $35.67. The company has a debt-to-equity ratio of 1.65, a current ratio of 2.51 and a quick ratio of 2.51.

GDS (NASDAQ:GDS) last announced its earnings results on Wednesday, November 19th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.51. GDS had a return on equity of 5.17% and a net margin of 49.60%.The firm had revenue of $405.28 million for the quarter, compared to the consensus estimate of $402.81 million. During the same period in the previous year, the business earned ($0.14) EPS. The business’s quarterly revenue was up 10.2% compared to the same quarter last year. Research analysts anticipate that GDS Holdings will post -0.89 earnings per share for the current fiscal year.

Institutional Trading of GDS

Institutional investors have recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. acquired a new stake in GDS during the 1st quarter valued at approximately $25,000. NewEdge Advisors LLC acquired a new stake in shares of GDS during the first quarter worth $25,000. Huntington National Bank increased its position in shares of GDS by 83,700.0% during the second quarter. Huntington National Bank now owns 838 shares of the company’s stock worth $26,000 after buying an additional 837 shares during the period. Assetmark Inc. raised its stake in GDS by 1,123.2% during the third quarter. Assetmark Inc. now owns 685 shares of the company’s stock worth $27,000 after buying an additional 629 shares during the last quarter. Finally, Hantz Financial Services Inc. lifted its holdings in GDS by 165.0% in the third quarter. Hantz Financial Services Inc. now owns 1,365 shares of the company’s stock valued at $53,000 after buying an additional 850 shares during the period. 33.71% of the stock is currently owned by institutional investors.

GDS Company Profile

GDS Holdings Limited, founded in 2001 and headquartered in Shanghai, is a leading network-neutral data center services provider in China. The company operates a portfolio of state-of-the-art data center facilities designed to support the mission-critical IT infrastructure of cloud service providers, internet enterprises, financial institutions, and government entities. GDS was among the first Chinese providers to offer high-density colocation solutions, catering to customers with demanding computing and storage requirements.

GDS specializes in delivering scalable colocation, cross-connect, and interconnection services within its facilities, enabling clients to establish high-speed, low-latency connections to major cloud platforms and internet exchange points.