GDS Holdings (NASDAQ:GDS) Receives Average Recommendation of “Moderate Buy” from Brokerages

GDS Holdings (NASDAQ:GDS) has received an average recommendation of “Moderate Buy” from the ten research firms that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $48.0375.

A number of research analysts have recently commented on GDS shares. Morgan Stanley restated an “overweight” rating and issued a $64.00 target price on shares of GDS in a research note on Tuesday, March 17th. Zacks Research cut GDS from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 18th. Piper Sandler set a $36.00 target price on GDS in a research note on Thursday, May 21st. Wall Street Zen upgraded GDS from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Finally, TD Cowen lowered their target price on GDS from $37.00 to $36.00 and set a “buy” rating for the company in a research note on Thursday, May 21st.

GDS Trading Down 0.9%

GDS opened at $32.96 on Thursday. The stock has a market cap of $6.60 billion, a PE ratio of 20.99 and a beta of 0.39. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 1.25. The business has a 50 day moving average of $39.55 and a 200-day moving average of $40.25. GDS has a 52 week low of $26.50 and a 52 week high of $48.61.

GDS (NASDAQ:GDS) last released its earnings results on Friday, May 15th. The company reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $1.56. The company had revenue of $426.13 million during the quarter, compared to analysts’ expectations of $436.44 million. GDS had a return on equity of 15.62% and a net margin of 23.83%.The firm’s revenue for the quarter was up 23.7% compared to the same quarter last year. During the same quarter last year, the business posted $3.47 EPS. Equities research analysts predict that GDS will post 5.65 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other GDS news, Director Judy Qing Ye sold 37,394 shares of GDS stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $36.21, for a total transaction of $1,354,036.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Yixin Qian sold 10,000 shares of GDS stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $35.25, for a total value of $352,500.00. Following the transaction, the vice president owned 66,865 shares of the company’s stock, valued at $2,356,991.25. The trade was a 13.01% decrease in their position. The SEC filing for this sale provides additional information. 7.99% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Advisors Asset Management Inc. purchased a new position in GDS during the first quarter valued at $25,000. NewEdge Advisors LLC purchased a new position in GDS during the first quarter valued at $25,000. 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 valued at $27,000 after buying an additional 629 shares during the last quarter. Leonteq Securities AG purchased a new position in GDS during the fourth quarter valued at $34,000. Finally, Hantz Financial Services Inc. raised its stake in GDS by 165.0% during 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 last quarter. Hedge funds and other institutional investors own 33.71% of the company’s stock.

About GDS

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.