GDS Holdings (NASDAQ:GDS) Receives $48.04 Average PT from Analysts

Shares of GDS Holdings (NASDAQ:GDS) have received an average rating of “Buy” from the ten ratings firms that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $48.0375.

A number of analysts recently commented on the company. Wall Street Zen raised GDS from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Zacks Research raised shares of GDS from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 16th. TD Cowen reduced their target price on shares of GDS from $37.00 to $36.00 and set a “buy” rating on the stock in a report on Thursday, May 21st. Morgan Stanley reaffirmed an “overweight” rating and set a $64.00 price target on shares of GDS in a research note on Tuesday, March 17th. Finally, Piper Sandler set a $36.00 price target on shares of GDS in a report on Thursday, May 21st.

GDS Price Performance

Shares of NASDAQ GDS opened at $32.78 on Monday. The firm’s 50-day moving average is $35.58 and its two-hundred day moving average is $39.76. The company has a market capitalization of $6.57 billion, a PE ratio of 20.88 and a beta of 0.41. GDS has a 12-month low of $26.97 and a 12-month high of $48.61. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.87 and a quick ratio of 1.87.

GDS (NASDAQ:GDS) last issued its quarterly earnings data on Friday, May 15th. The company reported $1.53 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $1.56. The business had revenue of $426.12 million during the quarter, compared to analysts’ expectations of $436.44 million. GDS had a net margin of 23.83% and a return on equity of 15.62%. The company’s revenue was up 23.7% on a year-over-year basis. During the same period last year, the company posted $3.47 EPS. Equities analysts anticipate that GDS will post 5.65 EPS for the current fiscal year.

Insider Buying and Selling

In other GDS news, VP Yixin Qian sold 10,000 shares of the stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $35.25, for a total transaction of $352,500.00. Following the transaction, the vice president owned 66,865 shares of the company’s stock, valued at $2,356,991.25. This represents a 13.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Judy Qing Ye sold 37,394 shares of the company’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $36.21, for a total value of $1,354,036.74. The disclosure for this sale is available in the SEC filing. 7.99% of the stock is currently owned by company insiders.

Institutional Trading of GDS

Several institutional investors have recently made changes to their positions in GDS. Sachem Head Capital Management LP raised its position 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 worth $324,570,000 after buying an additional 2,885,000 shares during the period. Canada Pension Plan Investment Board grew its position in GDS by 77.7% during the second quarter. Canada Pension Plan Investment Board now owns 7,004,083 shares of the company’s stock valued at $214,115,000 after acquiring an additional 3,062,658 shares during the period. Bamco Inc. NY increased its stake in 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 stake in GDS by 23.5% during the fourth 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 last quarter. Finally, Bank of America Corp DE raised its holdings in shares of GDS by 25.5% in the 1st quarter. Bank of America Corp DE now owns 2,177,301 shares of the company’s stock worth $87,723,000 after purchasing an additional 442,414 shares during the period. 33.71% of the stock is owned by hedge funds and other institutional investors.

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.