GDS Holdings (NASDAQ:GDS) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of GDS Holdings (NASDAQ:GDS) have been assigned an average recommendation of “Moderate Buy” from the six ratings firms that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $47.54.

A number of equities research analysts have recently weighed in on the stock. Zacks Research downgraded shares of GDS from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 24th. Wall Street Zen upgraded shares of GDS from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Weiss Ratings reissued a “hold (c)” rating on shares of GDS in a research note on Thursday, August 13th. TD Cowen cut their target price on shares of GDS from $37.00 to $36.00 and set a “buy” rating on the stock in a research report on Thursday, May 21st. Finally, Piper Sandler set a $36.00 target price on shares of GDS in a research note on Thursday, May 21st.

Insider Buying and Selling

In other news, VP Yixin Qian sold 10,000 shares of the firm’s 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 completion of the transaction, the vice president owned 66,865 shares of the company’s stock, valued at approximately $2,356,991.25. This trade represents a 13.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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. The SEC filing for this sale provides additional information. Insiders own 7.99% of the company’s stock.

Institutional Investors Weigh In On GDS

A number of hedge funds have recently added to or reduced their stakes in GDS. Advisors Asset Management Inc. bought a new stake in shares of GDS in the 1st quarter valued at $25,000. NewEdge Advisors LLC bought a new position in GDS during the first quarter worth $25,000. Leonteq Securities AG bought a new position in GDS during the fourth quarter worth $34,000. 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 worth $55,000 after purchasing an additional 531 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in GDS by 113.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,836 shares of the company’s stock worth $56,000 after purchasing an additional 974 shares during the period. 33.71% of the stock is currently owned by institutional investors.

GDS Trading Down 3.3%

Shares of GDS stock opened at $31.75 on Tuesday. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 1.22. The stock has a market cap of $6.36 billion, a P/E ratio of 14.77 and a beta of 0.43. The stock has a 50 day simple moving average of $32.03 and a 200 day simple moving average of $38.03. GDS has a 1 year low of $26.97 and a 1 year 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 net margin of 30.70% and a return on equity of 17.94%. The business had revenue of $454.51 million during the quarter. On average, research analysts predict that GDS will post 3.15 earnings per share for the current fiscal year.

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.