Roth Capital Raises Earnings Estimates for Applied Digital

Applied Digital Co. (NASDAQ:APLD) – Stock analysts at Roth Capital upped their Q3 2025 earnings per share (EPS) estimates for Applied Digital in a research note issued on Wednesday, January 15th. Roth Capital analyst D. Aftahi now anticipates that the company will post earnings per share of ($0.04) for the quarter, up from their prior forecast of ($0.09). The consensus estimate for Applied Digital’s current full-year earnings is ($0.80) per share. Roth Capital also issued estimates for Applied Digital’s Q4 2025 earnings at ($0.04) EPS, FY2025 earnings at ($0.81) EPS, Q1 2026 earnings at ($0.04) EPS, Q3 2026 earnings at ($0.02) EPS, Q4 2026 earnings at $0.07 EPS and FY2026 earnings at $0.02 EPS.

Applied Digital (NASDAQ:APLD) last announced its quarterly earnings data on Tuesday, January 14th. The company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.08. Applied Digital had a negative return on equity of 117.67% and a negative net margin of 127.86%. The company had revenue of $63.87 million for the quarter, compared to analyst estimates of $62.41 million. During the same quarter in the previous year, the company earned ($0.05) EPS. The firm’s revenue for the quarter was up 51.3% compared to the same quarter last year.

Other equities research analysts also recently issued reports about the stock. HC Wainwright lifted their price target on shares of Applied Digital from $10.00 to $12.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th. Roth Mkm reiterated a “buy” rating and set a $10.00 price target on shares of Applied Digital in a research report on Thursday, October 10th. Needham & Company LLC restated a “buy” rating and set a $11.00 price objective on shares of Applied Digital in a research report on Wednesday, January 15th. Craig Hallum lifted their price objective on Applied Digital from $10.00 to $12.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Finally, Lake Street Capital lifted their price objective on Applied Digital from $7.00 to $11.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat, Applied Digital presently has a consensus rating of “Buy” and a consensus target price of $11.29.

Applied Digital Price Performance

APLD stock opened at $9.41 on Monday. The firm has a 50 day moving average of $8.84 and a 200-day moving average of $7.00. Applied Digital has a 12-month low of $2.36 and a 12-month high of $11.25. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 1.22. The company has a market cap of $2.10 billion, a price-to-earnings ratio of -5.44 and a beta of 4.78.

Institutional Trading of Applied Digital

A number of institutional investors have recently added to or reduced their stakes in the business. Hood River Capital Management LLC boosted its position in Applied Digital by 8.7% during the 2nd quarter. Hood River Capital Management LLC now owns 9,596,231 shares of the company’s stock worth $57,098,000 after purchasing an additional 771,699 shares during the period. Geode Capital Management LLC boosted its position in Applied Digital by 48.7% during the 3rd quarter. Geode Capital Management LLC now owns 3,061,160 shares of the company’s stock worth $25,258,000 after purchasing an additional 1,002,862 shares during the period. State Street Corp lifted its holdings in Applied Digital by 14.0% in the 3rd quarter. State Street Corp now owns 2,337,267 shares of the company’s stock worth $19,282,000 after buying an additional 286,852 shares in the last quarter. Royce & Associates LP lifted its holdings in Applied Digital by 1.4% in the 3rd quarter. Royce & Associates LP now owns 1,132,140 shares of the company’s stock worth $9,340,000 after buying an additional 15,763 shares in the last quarter. Finally, Exchange Traded Concepts LLC lifted its holdings in Applied Digital by 37.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 1,002,090 shares of the company’s stock worth $7,656,000 after buying an additional 273,666 shares in the last quarter. 65.67% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Applied Digital

In related news, CEO Wes Cummins sold 200,000 shares of the company’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $9.20, for a total transaction of $1,840,000.00. Following the completion of the sale, the chief executive officer now directly owns 3,875,955 shares of the company’s stock, valued at approximately $35,658,786. This represents a 4.91 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard N. Nottenburg sold 19,369 shares of the company’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $7.51, for a total transaction of $145,461.19. Following the sale, the director now directly owns 384,317 shares of the company’s stock, valued at approximately $2,886,220.67. This trade represents a 4.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 269,369 shares of company stock worth $2,445,461. Insiders own 11.81% of the company’s stock.

About Applied Digital

Applied Digital Corporation designs, develops, and operates datacenters in North America. Its datacenters provide digital infrastructure solutions to the high-performance computing industry. The company also provides artificial intelligence cloud services, high performance computing datacenter hosting, and crypto datacenter hosting services.