GDS Holdings (NASDAQ:GDS) Receives $48.04 Consensus Price Target from Analysts

GDS Holdings (NASDAQ:GDS) has been given an average rating of “Moderate Buy” by the ten research firms that are covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $48.0375.

GDS has been the topic of a number of research reports. Weiss Ratings raised shares of GDS from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 18th. Wall Street Zen raised shares of GDS from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Zacks Research lowered shares of GDS from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 18th. TD Cowen cut their price target on shares of GDS from $37.00 to $36.00 and set a “buy” rating on the stock in a research note on Thursday, May 21st. Finally, Piper Sandler set a $36.00 price target on shares of GDS in a research note on Thursday, May 21st.

Insider Buying and Selling

In other GDS news, VP Yixin Qian sold 10,000 shares of GDS stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $35.25, for a total value of $352,500.00. Following the transaction, 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 filing with the SEC, which is available through the SEC website. Also, Director Judy Qing Ye sold 37,394 shares of GDS stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $36.21, for a total transaction of $1,354,036.74. The SEC filing for this sale provides additional information. Insiders own 7.99% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in GDS. Parallel Advisors LLC increased its stake in GDS by 3.5% in the 4th quarter. Parallel Advisors LLC now owns 6,901 shares of the company’s stock valued at $241,000 after buying an additional 236 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of GDS by 8.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,904 shares of the company’s stock worth $157,000 after buying an additional 303 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of GDS by 4.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 10,809 shares of the company’s stock worth $407,000 after buying an additional 421 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in shares of GDS by 3.0% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 15,955 shares of the company’s stock valued at $557,000 after acquiring an additional 468 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of GDS by 41.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,806 shares of the company’s stock valued at $55,000 after acquiring an additional 531 shares in the last quarter. Institutional investors and hedge funds own 33.71% of the company’s stock.

GDS Price Performance

Shares of GDS opened at $33.49 on Thursday. The stock has a 50 day simple moving average of $39.81 and a 200 day simple moving average of $40.27. GDS has a 52-week low of $26.50 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. The firm has a market capitalization of $6.71 billion, a PE ratio of 21.33 and a beta of 0.39.

GDS (NASDAQ:GDS) last announced its earnings results on Friday, May 15th. The company reported $1.53 EPS for the quarter, topping the consensus estimate of ($0.03) by $1.56. GDS had a net margin of 23.83% and a return on equity of 15.62%. The firm had revenue of $426.13 million for the quarter, compared to the consensus estimate of $436.44 million. During the same period last year, the company posted $3.47 EPS. The business’s quarterly revenue was up 23.7% on a year-over-year basis. Sell-side analysts predict that GDS will post 5.65 EPS for the current fiscal year.

GDS Company Profile

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.