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

Shares of GDS Holdings (NASDAQ:GDS) have been assigned a consensus recommendation of “Buy” from the ten research firms that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $48.0375.

GDS has been the subject of several research analyst reports. Zacks Research upgraded shares of GDS from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 16th. Weiss Ratings raised GDS from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 18th. Morgan Stanley restated an “overweight” rating and set a $64.00 price objective on shares of GDS in a research report on Tuesday, March 17th. Piper Sandler set a $36.00 target price on GDS in a report on Thursday, May 21st. Finally, Wall Street Zen upgraded GDS from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd.

Insider Activity

In other news, Director Judy Qing Ye sold 37,394 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $36.21, for a total value of $1,354,036.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Yixin Qian sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $35.25, for a total transaction of $352,500.00. Following the completion of the transaction, the vice president owned 66,865 shares of the company’s stock, valued at approximately $2,356,991.25. This trade represents a 13.01% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 7.99% of the company’s stock.

Hedge Funds Weigh In On GDS

Several large investors have recently modified their holdings of the business. AI Squared Management Ltd raised its position in shares of GDS by 793.5% during the third quarter. AI Squared Management Ltd now owns 98,280 shares of the company’s stock worth $3,803,000 after acquiring an additional 87,280 shares during the last quarter. Hidden Lake Asset Management LP lifted its stake in shares of GDS by 16.3% in the third quarter. Hidden Lake Asset Management LP now owns 205,496 shares of the company’s stock worth $7,953,000 after acquiring an additional 28,806 shares during the period. Aberdeen Group plc boosted its holdings in GDS by 27.5% in the fourth quarter. Aberdeen Group plc now owns 576,498 shares of the company’s stock valued at $20,120,000 after acquiring an additional 124,473 shares during the last quarter. Triata Capital Ltd boosted its holdings in GDS by 23.5% in the fourth quarter. Triata Capital Ltd now owns 2,974,298 shares of the company’s stock valued at $103,803,000 after acquiring an additional 566,345 shares during the last quarter. Finally, Pictet Asset Management Holding SA acquired a new stake in GDS during the 4th quarter valued at approximately $4,983,000. Institutional investors own 33.71% of the company’s stock.

GDS Trading Down 0.1%

Shares of GDS stock opened at $32.78 on Monday. The firm’s 50 day moving average is $35.58 and its 200 day moving average is $39.74. The firm has a market capitalization of $6.57 billion, a PE ratio of 20.88 and a beta of 0.41. GDS has a 1 year low of $26.97 and a 1 year high of $48.61. The company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 1.25.

GDS (NASDAQ:GDS) last issued its quarterly earnings data on Friday, May 15th. The company reported $1.53 EPS for the quarter, beating 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 business had revenue of $426.12 million during the quarter, compared to the consensus estimate of $436.44 million. During the same quarter in the prior year, the firm earned $3.47 EPS. The firm’s revenue was up 23.7% compared to the same quarter last year. Equities research analysts forecast that GDS will post 5.65 earnings per share for the current fiscal year.

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.