GDS (NASDAQ:GDS) Shares Gap Up – Here’s What Happened

GDS Holdings (NASDAQ:GDS)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $34.69, but opened at $37.03. GDS shares last traded at $37.83, with a volume of 1,030,135 shares.

Analyst Upgrades and Downgrades

GDS has been the topic of several recent analyst reports. Piper Sandler set a $36.00 price target on GDS in a research report on Thursday, May 21st. TD Cowen decreased their target price on GDS from $37.00 to $36.00 and set a “buy” rating on the stock in a report on Thursday, May 21st. Wall Street Zen raised GDS from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Zacks Research lowered GDS from a “strong-buy” rating to a “hold” rating in a report on Monday, May 18th. Finally, Weiss Ratings raised GDS from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 18th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $48.04.

GDS Price Performance

The company has a 50 day moving average of $40.45 and a 200-day moving average of $40.19. The firm has a market capitalization of $7.10 billion, a P/E ratio of 22.43 and a beta of 0.39. 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 released its quarterly earnings results on Friday, May 15th. The company reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $1.56. The business had revenue of $426.13 million during the quarter, compared to the consensus estimate of $436.44 million. GDS had a return on equity of 15.62% and a net margin of 23.83%.The firm’s quarterly revenue was up 23.7% on a year-over-year basis. During the same period in the previous year, the company posted $3.47 EPS. On average, sell-side analysts predict that GDS Holdings will post 5.65 EPS for the current year.

Insider Transactions at GDS

In related news, Director Judy Qing Ye sold 37,394 shares of the business’s stock in a transaction 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 can be accessed through the SEC website. 7.99% of the stock is owned by company insiders.

Institutional Trading of GDS

Institutional investors have recently modified their holdings of the stock. Advisors Asset Management Inc. bought a new stake in shares of GDS during the 1st quarter valued at $25,000. NewEdge Advisors LLC bought a new stake in shares of GDS during the 1st quarter valued at $25,000. Assetmark Inc. lifted its position in shares of GDS by 1,123.2% during the 3rd quarter. Assetmark Inc. now owns 685 shares of the company’s stock valued at $27,000 after acquiring an additional 629 shares during the period. Leonteq Securities AG bought a new stake in shares of GDS during the 4th quarter valued at $34,000. Finally, Hantz Financial Services Inc. lifted its position in shares of GDS by 165.0% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,365 shares of the company’s stock valued at $53,000 after acquiring an additional 850 shares during the period. 33.71% of the stock is currently owned by institutional investors.

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.