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

Shares of GDS Holdings (NASDAQ:GDSGet Free Report) have been assigned a consensus rating of “Moderate Buy” from the eight brokerages that are presently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $48.3286.

A number of analysts recently weighed in on the stock. Wall Street Zen raised shares of GDS from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Zacks Research lowered shares of GDS from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 24th. TD Cowen decreased their target price on shares of GDS from $37.00 to $36.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. Piper Sandler set a $36.00 price target on shares of GDS in a research note on Thursday, May 21st. Finally, Weiss Ratings upgraded shares of GDS from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 18th.

Check Out Our Latest Research Report on GDS

Insider Buying and Selling

In other GDS news, VP Yixin Qian sold 10,000 shares of GDS stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $35.25, for a total transaction of $352,500.00. Following the sale, the vice president owned 66,865 shares of the company’s stock, valued at $2,356,991.25. The trade was a 13.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Judy Qing Ye sold 37,394 shares of GDS stock in a transaction 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. Corporate insiders own 7.99% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Aberdeen Group plc raised its stake in shares of GDS by 27.5% during the fourth quarter. Aberdeen Group plc now owns 576,498 shares of the company’s stock valued at $20,120,000 after purchasing an additional 124,473 shares in the last quarter. Triata Capital Ltd lifted its holdings in GDS by 23.5% in the fourth quarter. Triata Capital Ltd now owns 2,974,298 shares of the company’s stock worth $103,803,000 after purchasing an additional 566,345 shares during the period. Pictet Asset Management Holding SA bought a new position in GDS in the 4th quarter valued at about $4,983,000. Electron Capital Partners LLC grew its position in GDS by 52.2% in the 4th quarter. Electron Capital Partners LLC now owns 105,448 shares of the company’s stock valued at $3,680,000 after buying an additional 36,166 shares in the last quarter. Finally, Taikang Asset Management Hong Kong Co Ltd increased its stake in GDS by 33.3% during the 4th quarter. Taikang Asset Management Hong Kong Co Ltd now owns 200,000 shares of the company’s stock valued at $6,980,000 after buying an additional 50,000 shares during the period. Institutional investors own 33.71% of the company’s stock.

GDS Price Performance

Shares of GDS opened at $31.97 on Friday. GDS has a 12 month low of $26.97 and a 12 month high of $48.61. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.87 and a quick ratio of 1.87. The stock has a fifty day moving average price of $32.62 and a 200 day moving average price of $39.30. The company has a market cap of $6.41 billion, a P/E ratio of 20.36 and a beta of 0.41.

GDS (NASDAQ:GDSGet Free Report) last posted its earnings results on Friday, May 15th. The company reported $1.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $1.56. GDS had a return on equity of 15.62% and a net margin of 23.83%.The company had revenue of $426.12 million for the quarter, compared to analysts’ expectations of $436.44 million. During the same period last year, the business posted $3.47 earnings per share. The firm’s quarterly revenue was up 23.7% compared to the same quarter last year. On average, research analysts forecast that GDS will post 5.65 earnings per share for the current year.

About GDS

(Get Free Report)

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.

Further Reading

Analyst Recommendations for GDS (NASDAQ:GDS)

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