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

Shares of GDS Holdings (NASDAQ:GDS) have been assigned a consensus rating of “Moderate Buy” from the ten analysts that are currently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $48.0375.

GDS has been the topic of several research analyst reports. Wall Street Zen raised GDS from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. TD Cowen reduced their price objective on GDS from $37.00 to $36.00 and set a “buy” rating on the stock in a research note on Thursday, May 21st. Weiss Ratings raised GDS from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 18th. Morgan Stanley reaffirmed an “overweight” rating and issued a $64.00 price objective on shares of GDS in a research note on Tuesday, March 17th. Finally, Zacks Research lowered GDS from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 18th.

Insider Buying and Selling at GDS

In other news, Director Judy Qing Ye sold 37,394 shares of GDS stock in a transaction dated 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 document filed with the SEC, which is available through this link. 7.99% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On GDS

Several hedge funds and other institutional investors have recently modified their holdings of GDS. Canada Pension Plan Investment Board lifted its stake in shares of GDS by 77.7% in the 2nd quarter. Canada Pension Plan Investment Board now owns 7,004,083 shares of the company’s stock valued at $214,115,000 after purchasing an additional 3,062,658 shares in the last quarter. Sachem Head Capital Management LP lifted its stake in shares of GDS by 45.0% in the 4th quarter. Sachem Head Capital Management LP now owns 9,300,000 shares of the company’s stock valued at $324,570,000 after purchasing an additional 2,885,000 shares in the last quarter. WCM Investment Management LLC acquired a new position in GDS during the 1st quarter worth approximately $68,092,000. Barclays PLC lifted its position in GDS by 20,731.3% during the 4th quarter. Barclays PLC now owns 1,720,247 shares of the company’s stock worth $60,037,000 after acquiring an additional 1,711,989 shares in the last quarter. Finally, Carrhae Capital LLP lifted its position in GDS by 295.4% during the 3rd quarter. Carrhae Capital LLP now owns 1,648,278 shares of the company’s stock worth $63,788,000 after acquiring an additional 1,231,375 shares in the last quarter. 33.71% of the stock is owned by institutional investors and hedge funds.

GDS Stock Down 7.3%

GDS opened at $33.48 on Thursday. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.87 and a quick ratio of 1.87. The stock 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 moving average of $40.25 and a two-hundred day moving average of $40.26. GDS has a 12 month low of $25.47 and a 12 month high of $48.61.

GDS (NASDAQ:GDS) last posted its quarterly earnings results on Friday, May 15th. The company reported $1.53 EPS for the quarter, beating the consensus estimate of ($0.03) by $1.56. The company had revenue of $426.13 million during the quarter, compared to analysts’ expectations 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 quarter in the previous year, the business earned $3.47 EPS. On average, 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.