GDS Holdings (NASDAQ:GDS) Given Consensus Rating of “Buy” by Analysts

Shares of GDS Holdings (NASDAQ:GDS) have been assigned an average rating of “Buy” from the ten research firms that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $48.0375.

Several equities research analysts have recently weighed in on the company. Morgan Stanley reaffirmed an “overweight” rating and issued a $64.00 target price on shares of GDS in a research report on Tuesday, March 17th. Piper Sandler set a $36.00 price target on GDS in a research report on Thursday, May 21st. Weiss Ratings raised shares of GDS from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 18th. TD Cowen cut their price objective on shares of GDS from $37.00 to $36.00 and set a “buy” rating on the stock in a report on Thursday, May 21st. Finally, Wall Street Zen raised shares of GDS from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd.

GDS Price Performance

GDS stock opened at $29.82 on Monday. GDS has a 52-week low of $26.97 and a 52-week high of $48.61. The firm has a fifty day moving average of $36.70 and a 200-day moving average of $39.87. The firm has a market capitalization of $5.98 billion, a P/E ratio of 18.99 and a beta of 0.41. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 1.25.

GDS (NASDAQ:GDS) last announced its quarterly earnings results on Friday, May 15th. The company reported $1.53 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $1.56. GDS had a net margin of 23.83% and a return on equity of 15.62%. The firm had revenue of $426.12 million during the quarter, compared to analysts’ expectations of $436.44 million. During the same period in the prior year, the company earned $3.47 EPS. The firm’s revenue was up 23.7% on a year-over-year basis. As a group, analysts predict that GDS will post 5.65 EPS for the current year.

Insider Activity

In related news, VP Yixin Qian sold 10,000 shares of the business’s stock in a transaction dated Wednesday, June 10th. The stock was 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 in the company, valued at approximately $2,356,991.25. The trade was a 13.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Judy Qing Ye sold 37,394 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $36.21, for a total value of $1,354,036.74. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 7.99% of the company’s stock.

Institutional Trading of GDS

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Leonteq Securities AG acquired a new stake in GDS in the fourth quarter valued at $34,000. Advisors Asset Management Inc. bought a new stake in shares of GDS in the 1st quarter worth about $25,000. NewEdge Advisors LLC bought a new stake in shares of GDS in the 1st quarter worth about $25,000. Summit Securities Group LLC acquired a new stake in shares of GDS in the 1st quarter valued at about $65,000. Finally, Van ECK Associates Corp raised its stake in shares of GDS by 245.3% in the 4th quarter. Van ECK Associates Corp now owns 1,692 shares of the company’s stock valued at $59,000 after purchasing an additional 1,202 shares in the last quarter. Institutional investors own 33.71% of the company’s stock.

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.