Shares of Applied Digital Corporation (NASDAQ:APLD – Get Free Report) have been given a consensus rating of “Moderate Buy” by the twenty analysts that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, thirteen have given a buy rating and three have given a strong buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $60.88.
A number of equities research analysts have recently issued reports on APLD shares. Northland Securities set a $82.00 price objective on Applied Digital and gave the stock an “outperform” rating in a report on Wednesday, June 17th. Wells Fargo & Company assumed coverage on Applied Digital in a research note on Thursday, September 17th. They set an “overweight” rating and a $50.00 target price on the stock. Citigroup reissued a “market outperform” rating on shares of Applied Digital in a report on Monday, August 3rd. Needham & Company LLC restated a “buy” rating and issued a $83.00 price target on shares of Applied Digital in a research note on Tuesday, July 28th. Finally, Wall Street Zen lowered Applied Digital from a “sell” rating to a “strong sell” rating in a report on Sunday, August 30th.
Get Our Latest Analysis on Applied Digital
Applied Digital Stock Performance
Applied Digital (NASDAQ:APLD – Get Free Report) last announced its quarterly earnings results on Wednesday, October 7th. The company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.30) by $0.29. The business had revenue of $300.39 million for the quarter, compared to analyst estimates of $116.29 million. Applied Digital had a negative net margin of 37.78% and a negative return on equity of 16.42%. Applied Digital’s quarterly revenue was up 367.8% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.03) EPS. On average, sell-side analysts anticipate that Applied Digital will post -1.09 EPS for the current year.
More Applied Digital News
Here are the key news stories impacting Applied Digital this week:
- Positive Sentiment: Fiscal first-quarter revenue surged 322% year over year to approximately $341.9 million, driven primarily by HPC Hosting services. Data Center Hosting generated $37.8 million of revenue and $13.3 million in segment operating profit. Applied Digital Revenue Jumps 322% to $341.9 Million in Fiscal First Quarter
- Positive Sentiment: Applied Digital delivered the second 75-megawatt phase of Polaris Forge 1 Building 2, bringing live campus capacity to 250 MW. Management also reported roughly 1.41 GW of leased critical IT load and about $36 billion in contracted revenue over initial lease terms. Applied Digital Reports Fiscal First Quarter 2027 Results
- Positive Sentiment: The company secured access to up to 1 GW of potential power capacity in Finland for its first international AI-campus development, expanding its long-term growth pipeline beyond the United States. Applied Digital Secures Up to 1 GW of Potential Power Capacity in Finland
- Neutral Sentiment: Options activity was unusually elevated, with call volume well above its typical daily level, signaling significant speculative interest but not necessarily a clear fundamental outlook.
- Negative Sentiment: Profitability remained the central concern. Reports indicated a GAAP net loss of approximately $184 million, or about $0.76–$0.82 per share, substantially worse than the roughly $0.26 analyst loss estimate and wider than the prior-year loss. Applied Digital Corporation Reports Q1 Loss
- Negative Sentiment: Investments to meet AI demand are increasing expenses, while debt stood at approximately $6.4 billion versus $3.7 billion in cash, cash equivalents and restricted cash. The combination of negative margins, leverage and execution risk is overshadowing the company’s revenue momentum. Applied Digital’s Revenue Soars, Loss Widens on Growing AI Investments
Insider Buying and Selling at Applied Digital
In other news, Director Richard Nottenburg sold 75,000 shares of the business’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $31.15, for a total value of $2,336,250.00. Following the completion of the sale, the director owned 133,378 shares of the company’s stock, valued at approximately $4,154,724.70. The trade was a 35.99% 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. Corporate insiders own 9.50% of the company’s stock.
Hedge Funds Weigh In On Applied Digital
A number of hedge funds have recently bought and sold shares of APLD. Equitec Proprietary Markets LLC acquired a new position in Applied Digital in the second quarter valued at about $312,349,000. Situational Awareness LP lifted its position in Applied Digital by 18.9% during the first quarter. Situational Awareness LP now owns 13,478,438 shares of the company’s stock worth $319,978,000 after purchasing an additional 2,139,378 shares during the period. Hsbc Holdings PLC acquired a new stake in Applied Digital during the fourth quarter worth about $29,510,000. Janus Henderson Group PLC grew its stake in Applied Digital by 318.5% during the first quarter. Janus Henderson Group PLC now owns 785,152 shares of the company’s stock worth $18,638,000 after buying an additional 597,548 shares in the last quarter. Finally, Dymon Asia Capital Singapore PTE. LTD. bought a new position in Applied Digital in the 4th quarter valued at about $14,222,000. 65.67% of the stock is owned by institutional investors.
Applied Digital Company Profile
Applied Digital Corporation (NASDAQ: APLD) develops and operates digital infrastructure designed to support high-performance computing, artificial intelligence and other data-intensive applications. The company provides data-center capacity and related services to customers that require substantial computing power and electricity.
The company’s business has included hosting infrastructure for cryptocurrency-mining operations and, increasingly, developing facilities for artificial intelligence and high-performance computing workloads.
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