GDS Holdings (NASDAQ:GDS) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of GDS Holdings (NASDAQ:GDS) have been assigned a consensus recommendation of “Moderate Buy” from the ten research firms that are covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $48.0375.

GDS has been the subject of a number of recent research reports. Zacks Research downgraded GDS from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 18th. Piper Sandler set a $36.00 price objective on GDS in a research note on Thursday, May 21st. Morgan Stanley restated an “overweight” rating and set a $64.00 price objective on shares of GDS in a research note on Tuesday, March 17th. TD Cowen lowered their price objective on GDS from $37.00 to $36.00 and set a “buy” rating for the company in a research note on Thursday, May 21st. Finally, Wall Street Zen upgraded GDS from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd.

Insider Transactions at GDS

In other GDS 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 transaction of $1,354,036.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 7.99% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. AI Squared Management Ltd boosted its position in GDS by 793.5% during the 3rd 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 period. Hidden Lake Asset Management LP boosted its position in GDS by 16.3% during the 3rd 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 position in GDS by 27.5% during the 4th quarter. Aberdeen Group plc now owns 576,498 shares of the company’s stock worth $20,120,000 after acquiring an additional 124,473 shares during the period. Pictet Asset Management Holding SA acquired a new position in GDS during the 4th quarter worth $4,983,000. Finally, ABC Arbitrage SA acquired a new position in GDS during the 3rd quarter worth $514,000. Institutional investors and hedge funds own 33.71% of the company’s stock.

GDS Price Performance

Shares of NASDAQ GDS opened at $33.48 on Thursday. GDS has a twelve month low of $25.47 and a twelve month 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. The company has a market capitalization of $6.71 billion, a price-to-earnings ratio of 21.32 and a beta of 0.39. The business has a 50 day simple moving average of $40.25 and a 200-day simple moving average of $40.26.

GDS (NASDAQ:GDS) last issued its quarterly earnings data on Friday, May 15th. The company reported $1.53 EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $1.56. The firm 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 revenue was up 23.7% on a year-over-year basis. During the same period in the prior year, the business earned $3.47 EPS. As a group, equities research analysts expect that GDS will post 5.65 earnings per share for the current 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.