GDS Holdings (NASDAQ:GDS – Get Free Report) 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. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
GDS Stock Up 3.9%
NASDAQ GDS opened at $36.91 on Wednesday. The stock has a fifty day moving average of $41.19 and a 200-day moving average of $40.00. The stock has a market capitalization of $7.40 billion, a P/E ratio of 23.51 and a beta of 0.39. GDS Holdings has a 52 week low of $23.67 and a 52 week high of $48.61. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.87 and a current ratio of 1.87.
GDS (NASDAQ:GDS – Get Free Report) last released its earnings results on Friday, May 15th. The company reported $1.53 EPS for the quarter, beating the consensus estimate of ($0.03) by $1.56. The company had revenue of $426.13 million during the quarter, compared to analysts’ expectations of $436.44 million. GDS had a return on equity of 15.62% and a net margin of 23.83%.The business’s revenue for the quarter was up 23.7% on a year-over-year basis. During the same period last year, the firm earned $3.47 EPS. On average, equities research analysts forecast that GDS Holdings will post 5.65 EPS for the current year.
Institutional Inflows and Outflows
Analysts Set New Price Targets
Several equities research analysts have recently commented on GDS shares. TD Cowen lowered their target price on GDS from $37.00 to $36.00 and set a “buy” rating for the company in a research note on Thursday, May 21st. Piper Sandler set a $36.00 target price on GDS in a research note on Thursday, May 21st. Morgan Stanley reissued an “overweight” rating and issued a $64.00 target price on shares of GDS in a research note on Tuesday, March 17th. Wall Street Zen raised GDS from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Finally, Zacks Research cut GDS from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 18th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $48.04.
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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