GDS Holdings (NASDAQ:GDS) Receives Average Rating of “Buy” from Analysts

Shares of GDS Holdings (NASDAQ:GDS) have received a consensus recommendation of “Buy” from the ten analysts that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $48.0375.

GDS has been the subject of a number of research reports. Zacks Research raised shares of GDS from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 16th. TD Cowen reduced their price target on shares of GDS from $37.00 to $36.00 and set a “buy” rating on the stock in a research report on Thursday, May 21st. Morgan Stanley reaffirmed an “overweight” rating and issued a $64.00 price target on shares of GDS in a report on Tuesday, March 17th. Weiss Ratings raised shares of GDS from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 18th. Finally, Piper Sandler set a $36.00 price objective on shares of GDS in a research note on Thursday, May 21st.

GDS Stock Performance

NASDAQ:GDS opened at $29.82 on Monday. The company has a market cap of $5.98 billion, a PE ratio of 18.99 and a beta of 0.41. The business’s 50 day moving average is $36.70 and its two-hundred day moving average is $39.87. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 1.25. GDS has a 52 week low of $26.97 and a 52 week high of $48.61.

GDS (NASDAQ:GDS) last issued its quarterly earnings results on Friday, May 15th. The company reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $1.56. The business had revenue of $426.12 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 business’s quarterly revenue was up 23.7% on a year-over-year basis. During the same period in the previous year, the business earned $3.47 EPS. On average, analysts predict that GDS will post 5.65 EPS for the current year.

Insider Buying and Selling

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

Institutional Investors Weigh In On GDS

Large investors have recently added to or reduced their stakes in the stock. Sachem Head Capital Management LP lifted its stake in GDS by 45.0% in the fourth quarter. Sachem Head Capital Management LP now owns 9,300,000 shares of the company’s stock valued at $324,570,000 after buying an additional 2,885,000 shares during the last quarter. Canada Pension Plan Investment Board grew its position in shares of GDS by 77.7% during the second quarter. Canada Pension Plan Investment Board now owns 7,004,083 shares of the company’s stock worth $214,115,000 after acquiring an additional 3,062,658 shares during the last quarter. Bamco Inc. NY grew its position in shares of GDS by 35.0% during the third quarter. Bamco Inc. NY now owns 4,258,664 shares of the company’s stock worth $164,810,000 after acquiring an additional 1,104,756 shares during the last quarter. Triata Capital Ltd increased its holdings in shares of GDS by 23.5% in the 4th quarter. Triata Capital Ltd now owns 2,974,298 shares of the company’s stock worth $103,803,000 after acquiring an additional 566,345 shares during the period. Finally, Bank of America Corp DE lifted its position in GDS by 25.5% in the 1st quarter. Bank of America Corp DE now owns 2,177,301 shares of the company’s stock valued at $87,723,000 after purchasing an additional 442,414 shares during the last quarter. 33.71% of the stock is owned by institutional investors and hedge funds.

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.