GDS (NASDAQ:GDS) Cut to “Sell” at Wall Street Zen

GDS (NASDAQ:GDS) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Saturday.

A number of other research firms have also recently issued reports on GDS. Piper Sandler set a $36.00 price target on shares of GDS in a report on Thursday, May 21st. Zacks Research lowered GDS from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 24th. TD Cowen cut their price objective on GDS from $37.00 to $36.00 and set a “buy” rating on the stock in a report on Thursday, May 21st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of GDS in a report on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $47.54.

GDS Stock Down 0.3%

Shares of GDS stock traded down $0.10 during trading hours on Friday, reaching $33.41. 977,310 shares of the company’s stock were exchanged, compared to its average volume of 1,877,081. The stock’s 50 day moving average is $32.10 and its 200-day moving average is $37.78. The company has a market cap of $6.69 billion, a price-to-earnings ratio of 15.54 and a beta of 0.43. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 1.22. GDS has a fifty-two week low of $26.97 and a fifty-two week high of $48.61.

GDS (NASDAQ:GDS) last posted its quarterly earnings data on Tuesday, June 30th. The company reported $0.52 earnings per share for the quarter. GDS had a return on equity of 17.94% and a net margin of 30.70%.The firm had revenue of $454.51 million during the quarter. Analysts predict that GDS will post 3.15 earnings per share for the current fiscal year.

Insider Activity at GDS

In related news, VP Yixin Qian sold 10,000 shares of the stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $35.25, for a total transaction of $352,500.00. Following the sale, the vice president directly owned 66,865 shares of the company’s stock, valued at approximately $2,356,991.25. This represents a 13.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Judy Qing Ye sold 37,394 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $36.21, for a total transaction of $1,354,036.74. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 7.99% of the company’s stock.

Institutional Investors Weigh In On GDS

Institutional investors have recently modified their holdings of the business. Parallel Advisors LLC increased its stake in shares of GDS by 3.5% in the 4th quarter. Parallel Advisors LLC now owns 6,901 shares of the company’s stock valued at $241,000 after purchasing an additional 236 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in GDS by 8.4% during the first quarter. PNC Financial Services Group Inc. now owns 3,904 shares of the company’s stock worth $157,000 after purchasing an additional 303 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in GDS by 3.0% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 15,955 shares of the company’s stock valued at $557,000 after purchasing an additional 468 shares during the period. EverSource Wealth Advisors LLC grew its holdings in GDS by 41.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,806 shares of the company’s stock valued at $55,000 after purchasing an additional 531 shares during the period. Finally, O Shaughnessy Asset Management LLC increased its position in shares of GDS by 11.0% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 5,824 shares of the company’s stock valued at $203,000 after buying an additional 577 shares in the last quarter. 33.71% of the stock is currently owned by institutional investors and hedge funds.

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.