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

Shares of GDS Holdings (NASDAQ:GDS) have earned a consensus recommendation of “Moderate Buy” from the six research firms that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $47.54.

Several brokerages have issued reports on GDS. Zacks Research downgraded GDS from a “strong-buy” rating to a “hold” rating in a report on Friday, July 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of GDS in a report on Thursday, August 13th. TD Cowen decreased their price objective on GDS from $37.00 to $36.00 and set a “buy” rating for the company in a research report on Thursday, May 21st. Piper Sandler set a $36.00 target price on GDS in a research note on Thursday, May 21st. Finally, Wall Street Zen upgraded shares of GDS from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd.

GDS Stock Down 3.3%

NASDAQ:GDS opened at $31.75 on Tuesday. The company has a market cap of $6.36 billion, a price-to-earnings ratio of 14.77 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. The stock’s fifty day moving average price is $32.03 and its two-hundred day moving average price is $38.03. GDS has a 52-week low of $26.97 and a 52-week high of $48.61.

GDS (NASDAQ:GDS) last issued its earnings results on Tuesday, June 30th. The company reported $0.52 earnings per share (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 for the quarter. On average, analysts anticipate that GDS will post 3.15 EPS for the current year.

Insider Buying and Selling

In other news, VP Yixin Qian sold 10,000 shares of GDS stock in a transaction that occurred 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 in the company, valued at $2,356,991.25. This trade represents a 13.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Judy Qing Ye sold 37,394 shares of GDS stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $36.21, for a total transaction of $1,354,036.74. Additional details regarding this sale are available in the official SEC disclosure. 7.99% of the stock is currently owned by company insiders.

Institutional Trading of GDS

Institutional investors and hedge funds have recently bought and sold shares of the business. Leonteq Securities AG bought a new position in shares of GDS in the fourth quarter valued at about $34,000. Advisors Asset Management Inc. bought a new stake in shares of GDS during the 1st quarter worth about $25,000. NewEdge Advisors LLC acquired a new position in GDS in the 1st quarter valued at about $25,000. Summit Securities Group LLC bought a new position in GDS in the 1st quarter valued at about $65,000. Finally, Van ECK Associates Corp raised its holdings in GDS by 245.3% in the 4th quarter. Van ECK Associates Corp now owns 1,692 shares of the company’s stock valued at $59,000 after acquiring an additional 1,202 shares during the period. Institutional investors own 33.71% of the company’s stock.

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.