Applied Digital (NASDAQ:APLD) Shares Up 7.7% – Here’s What Happened

Posted by George Bondi on Aug 3rd, 2026

Applied Digital Corporation (NASDAQ:APLD – Get Free Report) shares rose 7.7% during mid-day trading on Monday . The stock traded as high as $30.10 and last traded at $29.49. 21,197,521 shares were traded during mid-day trading, a decline of 14% from the average session volume of 24,538,846 shares. The stock had previously closed at $27.39.

Wall Street Analyst Weigh In

A number of research firms have recently commented on APLD. B. Riley Financial reaffirmed a “buy” rating and issued a $75.00 price target (up from $66.00) on shares of Applied Digital in a report on Monday. Morgan Stanley initiated coverage on Applied Digital in a report on Thursday, July 23rd. They set a “buy” rating and a $36.50 price objective on the stock. Wall Street Zen downgraded Applied Digital from a “hold” rating to a “sell” rating in a research note on Saturday, April 11th. Roth Capital reaffirmed a “buy” rating and set a $65.00 target price on shares of Applied Digital in a report on Thursday, April 23rd. Finally, Compass Point reissued a “buy” rating and issued a $70.00 price target on shares of Applied Digital in a report on Friday, May 22nd. Three investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $68.05.

View Our Latest Stock Analysis on Applied Digital

Applied Digital Stock Performance

The company has a debt-to-equity ratio of 2.88, a current ratio of 4.01 and a quick ratio of 4.01. The company has a 50 day simple moving average of $37.24 and a 200-day simple moving average of $34.31. The stock has a market cap of $8.60 billion, a P/E ratio of -33.13 and a beta of 5.67.

Applied Digital (NASDAQ:APLD – Get Free Report) last posted its quarterly earnings results on Monday, July 27th. The company reported ($0.39) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.30). The business had revenue of $240.35 million for the quarter, compared to analysts’ expectations of $96.85 million. Applied Digital had a negative return on equity of 16.42% and a negative net margin of 37.78%.The company’s revenue was up 406.3% compared to the same quarter last year. During the same period last year, the business posted ($0.24) earnings per share. On average, equities analysts expect that Applied Digital Corporation will post -0.88 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Applied Digital

Several institutional investors have recently bought and sold shares of APLD. AQR Capital Management LLC grew its position in Applied Digital by 84.8% during the 1st quarter. AQR Capital Management LLC now owns 18,945 shares of the company’s stock worth $106,000 after acquiring an additional 8,692 shares during the last quarter. NewEdge Advisors LLC boosted its stake in shares of Applied Digital by 239.1% during the first quarter. NewEdge Advisors LLC now owns 33,267 shares of the company’s stock valued at $187,000 after purchasing an additional 23,457 shares during the period. Geneos Wealth Management Inc. grew its holdings in shares of Applied Digital by 113.3% in the first quarter. Geneos Wealth Management Inc. now owns 6,667 shares of the company’s stock worth $37,000 after purchasing an additional 3,542 shares during the last quarter. Strs Ohio bought a new position in shares of Applied Digital in the first quarter worth approximately $71,000. Finally, Cetera Investment Advisers increased its stake in shares of Applied Digital by 61.0% in the second quarter. Cetera Investment Advisers now owns 61,656 shares of the company’s stock worth $621,000 after buying an additional 23,360 shares during the period. 65.67% of the stock is currently owned by hedge funds and other institutional investors.

About Applied Digital

(Get Free Report)

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.