GDS (NASDAQ:GDS) Upgraded by Wall Street Zen to “Hold” Rating

Wall Street Zen upgraded shares of GDS (NASDAQ:GDS) from a sell rating to a hold rating in a research report released on Sunday morning,Wall Street Zen reports.

Several other research firms have also commented on GDS. Piper Sandler set a $36.00 price objective on shares of GDS in a research note on Thursday, May 21st. Zacks Research downgraded GDS from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 24th. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $51.00 target price on shares of GDS in a report on Tuesday, September 1st. TD Cowen decreased their price target on GDS from $37.00 to $36.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of GDS in a report on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, GDS has a consensus rating of “Moderate Buy” and an average price target of $48.12.

GDS Stock Performance

NASDAQ GDS opened at $31.36 on Friday. GDS has a 1 year low of $26.97 and a 1 year high of $48.61. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.78 and a quick ratio of 1.78. The firm has a market cap of $6.28 billion, a price-to-earnings ratio of 14.59 and a beta of 0.43. The company has a fifty day moving average price of $32.16 and a 200-day moving average price of $37.19.

GDS (NASDAQ:GDS) last announced its earnings results on Tuesday, June 30th. The company reported $0.52 EPS for the quarter. GDS had a net margin of 30.70% and a return on equity of 17.94%. The company had revenue of $454.51 million during the quarter. As a group, equities research analysts predict that GDS will post 2.23 EPS for the current fiscal year.

Insider Buying and Selling

In other GDS news, VP Yixin Qian sold 10,000 shares of the business’s stock in a transaction dated 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 directly owned 66,865 shares in the company, valued at $2,356,991.25. The trade was a 13.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 7.99% of the company’s stock.

Institutional Investors Weigh In On GDS

A number of hedge funds have recently modified their holdings of GDS. Irenic Capital Management LP purchased a new position in GDS in the second quarter valued at approximately $8,498,000. OceanIQ Capital LLC bought a new stake in shares of GDS in the second quarter valued at $228,000. Nykredit A S bought a new stake in shares of GDS in the second quarter valued at $63,000. Headlands Technologies LLC purchased a new position in shares of GDS during the 2nd quarter valued at $1,092,000. Finally, Wellington Management Group LLP lifted its position in shares of GDS by 52.4% during the 2nd quarter. Wellington Management Group LLP now owns 21,936 shares of the company’s stock valued at $659,000 after buying an additional 7,540 shares during the last quarter. Institutional investors own 33.71% of the company’s stock.

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.