GDS Holdings (NASDAQ:GDS) Receives $48.33 Average Price Target from Analysts

GDS Holdings (NASDAQ:GDS) has received an average rating of “Moderate Buy” from the eight brokerages that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $48.3286.

GDS has been the topic of several analyst reports. Zacks Research lowered shares of GDS from a “strong-buy” rating to a “hold” rating in a report on Friday, July 24th. Piper Sandler set a $36.00 target price on shares of GDS in a report on Thursday, May 21st. Wall Street Zen raised GDS from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Weiss Ratings raised GDS from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 18th. Finally, TD Cowen cut their target price on GDS from $37.00 to $36.00 and set a “buy” rating on the stock in a research note on Thursday, May 21st.

Insider Transactions at GDS

In related news, VP Yixin Qian sold 10,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the vice president owned 66,865 shares in the company, valued at approximately $2,356,991.25. The trade was a 13.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Judy Qing Ye sold 37,394 shares of the company’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 and hedge funds have recently modified their holdings of the company. Advisors Asset Management Inc. acquired a new position in GDS in the 1st quarter valued at about $25,000. NewEdge Advisors LLC bought a new position in shares of GDS in the first quarter worth $25,000. Leonteq Securities AG acquired a new position in shares of GDS in the 4th quarter valued at approximately $34,000. EverSource Wealth Advisors LLC lifted its stake in GDS by 41.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,806 shares of the company’s stock worth $55,000 after purchasing an additional 531 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in GDS by 113.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,836 shares of the company’s stock valued at $56,000 after buying an additional 974 shares in the last quarter. 33.71% of the stock is owned by institutional investors.

GDS Price Performance

GDS stock opened at $31.84 on Friday. The business’s 50-day simple moving average is $32.42 and its 200 day simple moving average is $38.94. 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 stock has a market cap of $6.38 billion, a price-to-earnings ratio of 20.28 and a beta of 0.43. GDS has a 12-month low of $26.97 and a 12-month high of $48.61.

GDS (NASDAQ:GDS) last announced its quarterly earnings data on Friday, May 15th. The company reported $1.53 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $1.56. The firm had revenue of $426.12 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 company’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same period in the previous year, the business posted $3.47 EPS. As a group, research analysts anticipate that GDS will post 5.65 earnings per share for the current year.

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.