Wall Street Zen lowered shares of GDS (NASDAQ:GDS – Free Report) from a hold rating to a sell rating in a report issued on Saturday morning,Wall Street Zen reports.
GDS has been the topic of several other reports. Zacks Research downgraded shares of GDS from a “strong-buy” rating to a “hold” rating in a report on Friday, July 24th. TD Cowen cut their target price on shares of GDS from $37.00 to $36.00 and set a “buy” rating for the company in a research note on Thursday, May 21st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of GDS in a report on Thursday, August 13th. Finally, Piper Sandler set a $36.00 price target on shares of GDS in a research note on Thursday, May 21st. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $47.54.
Get Our Latest Analysis on GDS
GDS Stock Down 4.7%
GDS (NASDAQ:GDS – Get Free Report) last issued its earnings results on Tuesday, June 30th. The company reported $0.52 EPS for the quarter. The company had revenue of $454.51 million during the quarter. GDS had a return on equity of 17.94% and a net margin of 30.70%. Sell-side analysts predict that GDS will post 3.15 EPS for the current year.
Insider Activity
In other news, VP Yixin Qian sold 10,000 shares of the business’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $35.25, for a total value of $352,500.00. Following the completion of the sale, the vice president owned 66,865 shares of the company’s stock, valued at approximately $2,356,991.25. The trade was a 13.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 7.99% of the company’s stock.
Hedge Funds Weigh In On GDS
A number of hedge funds have recently bought and sold shares of the business. Advisors Asset Management Inc. bought a new stake in GDS in the 1st quarter valued at about $25,000. NewEdge Advisors LLC bought a new position in shares of GDS during the first quarter worth approximately $25,000. Leonteq Securities AG bought a new position in shares of GDS during the fourth quarter worth approximately $34,000. EverSource Wealth Advisors LLC raised its position in shares of GDS by 41.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,806 shares of the company’s stock valued at $55,000 after buying an additional 531 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of GDS by 113.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,836 shares of the company’s stock valued at $56,000 after buying an additional 974 shares in the last quarter. 33.71% of the stock is owned by institutional investors.
About GDS
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.
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