GDS (NASDAQ:GDS) Raised to “Hold” at Wall Street Zen

GDS (NASDAQ:GDS) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Sunday, Wall Street Zen reports.

Other analysts have also recently issued reports about the company. Zacks Research cut GDS from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 24th. Piper Sandler set a $36.00 price target on shares of GDS in a research note on Thursday, May 21st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of GDS in a report on Thursday, August 13th. TD Cowen lowered 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. Finally, Raymond James Financial reaffirmed a “strong-buy” rating and set a $51.00 price target on shares of GDS in a research note on Tuesday, September 1st. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, GDS has a consensus rating of “Moderate Buy” and a consensus target price of $48.12.

GDS Price Performance

Shares of GDS opened at $31.36 on Friday. The stock has a 50 day moving average price of $32.20 and a 200 day moving average price of $37.09. The stock has a market capitalization of $6.28 billion, a price-to-earnings ratio of 14.59 and a beta of 0.43. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.78 and a current ratio of 1.78. GDS has a one year low of $26.97 and a one year high of $48.61.

GDS (NASDAQ:GDS) last posted its quarterly earnings results on Tuesday, June 30th. The company reported $0.52 earnings per share for the quarter. The business had revenue of $454.51 million during the quarter. GDS had a net margin of 30.70% and a return on equity of 17.94%. Equities research analysts forecast that GDS will post 2.23 earnings per share for the current fiscal year.

Insider Activity

In related news, VP Yixin Qian sold 10,000 shares of the company’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $35.25, for a total value of $352,500.00. Following the sale, the vice president directly owned 66,865 shares of the company’s stock, valued at $2,356,991.25. This represents a 13.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 7.99% of the company’s stock.

Institutional Trading of GDS

Hedge funds and other institutional investors have recently bought and sold shares of the company. Royal Bank of Canada raised its holdings in shares of GDS by 30.7% during the first quarter. Royal Bank of Canada now owns 379,289 shares of the company’s stock worth $9,608,000 after purchasing an additional 89,059 shares during the period. Advisors Asset Management Inc. bought a new stake in shares of GDS in the 1st quarter worth $25,000. NewEdge Advisors LLC acquired a new stake in GDS during the first quarter valued at approximately $25,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of GDS by 113.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,836 shares of the company’s stock valued at $56,000 after purchasing an additional 974 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of GDS by 41.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,806 shares of the company’s stock valued at $55,000 after acquiring an additional 531 shares during the period. 33.71% of the stock is 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.