Applied Digital’s (APLD) Market Outperform Rating Reiterated at Citizens Jmp

Applied Digital (NASDAQ:APLD)‘s stock had its “market outperform” rating reiterated by research analysts at Citizens Jmp in a research report issued on Thursday,Benzinga reports. They currently have a $40.00 price target on the stock. Citizens Jmp’s price target would suggest a potential upside of 52.20% from the stock’s current price.

Other analysts also recently issued research reports about the company. Arete Research initiated coverage on Applied Digital in a research note on Wednesday, January 7th. They issued a “buy” rating on the stock. B. Riley Financial lifted their target price on Applied Digital to $53.00 and gave the stock a “buy” rating in a report on Friday, January 9th. Needham & Company LLC restated a “buy” rating and set a $41.00 price objective on shares of Applied Digital in a research report on Thursday, January 8th. Lake Street Capital restated a “buy” rating and issued a $45.00 price target on shares of Applied Digital in a research report on Tuesday, December 30th. Finally, Freedom Capital raised Applied Digital to a “strong-buy” rating in a report on Tuesday, January 6th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $39.20.

Applied Digital Trading Down 5.4%

Applied Digital stock opened at $26.28 on Thursday. Applied Digital has a 12-month low of $3.31 and a 12-month high of $42.27. The company has a debt-to-equity ratio of 1.79, a current ratio of 4.82 and a quick ratio of 4.82. The stock has a market capitalization of $7.35 billion, a PE ratio of -48.11 and a beta of 7.25. The firm has a 50 day simple moving average of $29.29 and a 200-day simple moving average of $29.47.

Applied Digital (NASDAQ:APLD) last announced its earnings results on Wednesday, April 8th. The company reported ($0.36) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.23). The firm had revenue of $108.55 million for the quarter, compared to the consensus estimate of $78.47 million. Applied Digital had a negative return on equity of 13.53% and a negative net margin of 43.49%.Applied Digital’s revenue for the quarter was up 139.3% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.08) EPS. As a group, equities research analysts expect that Applied Digital will post -0.96 EPS for the current fiscal year.

Insider Activity

In other news, Director Richard N. Nottenburg sold 12,000 shares of Applied Digital stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $35.45, for a total transaction of $425,400.00. Following the transaction, the director owned 233,378 shares in the company, valued at approximately $8,273,250.10. The trade was a 4.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Chuck Hastings sold 45,987 shares of Applied Digital stock in a transaction dated Thursday, January 29th. The shares were sold at an average price of $38.57, for a total value of $1,773,718.59. Following the transaction, the director directly owned 388,372 shares in the company, valued at approximately $14,979,508.04. This trade represents a 10.59% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 244,593 shares of company stock worth $9,003,278 over the last three months. 9.50% of the stock is owned by insiders.

Institutional Trading of Applied Digital

Several institutional investors have recently made changes to their positions in APLD. Noble Wealth Management PBC acquired a new position in Applied Digital in the 4th quarter valued at approximately $25,000. Albion Financial Group UT acquired a new stake in shares of Applied Digital during the 4th quarter valued at $25,000. Activest Wealth Management purchased a new position in shares of Applied Digital during the 4th quarter valued at $25,000. Ameriflex Group Inc. purchased a new position in shares of Applied Digital during the 4th quarter valued at $25,000. Finally, McMillan Office Inc. acquired a new position in shares of Applied Digital in the fourth quarter worth $25,000. 65.67% of the stock is currently owned by institutional investors and hedge funds.

Key Applied Digital News

Here are the key news stories impacting Applied Digital this week:

• Positive Sentiment: Revenue and demand beat — APLD reported sharply higher revenue (year‑over‑year growth ~139%) and topped quarterly revenue estimates as enterprise and AI customers ramp capacity, a primary driver cited for the stock’s upside. Applied Digital beats quarterly revenue estimates (Reuters)
• Positive Sentiment: Operational updates / long‑term demand commentary — Company press release and coverage note ongoing ramp at Polaris Forge and new customer commitments that underpin longer‑term AI colocation revenue potential. Applied Digital Reports Fiscal Third Quarter 2026 Results (GlobeNewswire/Yahoo)
• Positive Sentiment: Bullish derivatives activity — Unusually large call option volume was recorded on the print, signaling speculative/hedge positions that can amplify intraday upside. Investing.com coverage of post‑earnings move
• Neutral Sentiment: Earnings call and transcript available — Management’s Q&A may clarify cadence of capacity builds, backlog and timing of lease ramps; transcript published for deeper diligence. Earnings Call Transcript (Seeking Alpha)
• Negative Sentiment: EPS miss and continued GAAP loss — APLD reported ($0.36) EPS versus consensus (~$0.13 loss), a notable miss that helps explain why some investors sold into the headline revenue beat. Zacks: Q3 loss, revenue beat
• Negative Sentiment: Debt and interest‑cost worries — Multiple pieces highlight rising leverage and interest expense as a risk to margins and execution amid an aggressive 500MW buildout plan. Can APLD Navigate Rising Interest Costs? (Yahoo)
• Negative Sentiment: Analyst rank/downgrade signal — Zacks added APLD to its Rank #5 (Strong Sell) list on April 9, a headline that can pressure sentiment and attract short/ETF strategies. Zacks: New Strong Sell Stocks

Applied Digital Company Profile

Applied Digital (NASDAQ: APLD) is a technology company specializing in the development and operation of large-scale digital infrastructure and sustainable Bitcoin mining solutions. Through its integrated platform, the company designs, builds and manages turnkey data center facilities while also providing comprehensive hosting services for cloud, colocation and enterprise computing needs. Applied Digital’s modular approach to facility design enables rapid deployment of capacity and streamlined integration of power, cooling and network connectivity.

In addition to its data center business, Applied Digital operates a network of Bitcoin mining sites that leverage vertically integrated capabilities, including hardware procurement, mining farm engineering, energy management and real-time performance monitoring.