GDS (NASDAQ:GDS) Shares Gap Up to $27.14

Shares of GDS Holdings Limited (NASDAQ:GDSGet Rating) gapped up prior to trading on Friday . The stock had previously closed at $27.14, but opened at $28.74. GDS shares last traded at $28.74, with a volume of 5,385 shares traded.

Several equities analysts have recently weighed in on GDS shares. StockNews.com upgraded GDS to a “sell” rating in a report on Thursday. Raymond James decreased their price objective on GDS from $68.00 to $55.00 in a report on Thursday, May 19th. Cowen cut their target price on GDS from $53.00 to $47.00 in a research report on Thursday, May 19th. Truist Financial lowered their target price on GDS from $85.00 to $75.00 and set a “buy” rating for the company in a report on Thursday, May 19th. Finally, Credit Suisse Group lowered their target price on GDS from $71.50 to $48.90 and set an “outperform” rating for the company in a report on Monday, May 16th. One research analyst has rated the stock with a sell rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $57.43.

The business has a fifty day moving average of $29.87 and a 200-day moving average of $38.44. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.41. The company has a market cap of $5.28 billion, a PE ratio of -19.81 and a beta of 1.09.

GDS (NASDAQ:GDSGet Rating) last posted its quarterly earnings data on Tuesday, March 22nd. The company reported ($0.30) EPS for the quarter, topping the consensus estimate of ($0.40) by $0.10. GDS had a negative return on equity of 6.28% and a negative net margin of 18.43%. The firm had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.15 billion. During the same period in the prior year, the business posted ($0.26) EPS. GDS’s revenue was up 34.0% on a year-over-year basis. As a group, research analysts predict that GDS Holdings Limited will post -1.65 EPS for the current year.

Several hedge funds have recently modified their holdings of the company. Exchange Traded Concepts LLC grew its position in GDS by 207.4% during the 1st quarter. Exchange Traded Concepts LLC now owns 744 shares of the company’s stock worth $29,000 after purchasing an additional 502 shares during the last quarter. Lindbrook Capital LLC grew its holdings in shares of GDS by 105.8% during the fourth quarter. Lindbrook Capital LLC now owns 1,107 shares of the company’s stock worth $52,000 after buying an additional 569 shares in the last quarter. Wolverine Asset Management LLC boosted its position in shares of GDS by 836.4% in the first quarter. Wolverine Asset Management LLC now owns 3,682 shares of the company’s stock worth $144,000 after acquiring an additional 4,182 shares during the last quarter. Advisor Group Holdings Inc. boosted its position in shares of GDS by 109.9% in the first quarter. Advisor Group Holdings Inc. now owns 3,434 shares of the company’s stock worth $178,000 after acquiring an additional 1,798 shares during the last quarter. Finally, Ethic Inc. purchased a new stake in GDS during the 1st quarter worth $218,000. Hedge funds and other institutional investors own 53.92% of the company’s stock.

GDS Company Profile (NASDAQ:GDS)

GDS Holdings Limited, together with its subsidiaries, develops and operates data centers in the People's Republic of China. The company provides colocation services comprising critical facilities space, customer-available power, racks, and cooling; managed hosting services, including business continuity and disaster recovery, network management, data storage, system security, operating system, database, and server middleware services; managed cloud services; and consulting services.

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