Research Analysts Set Expectations for Applied Digital Co.’s FY2025 Earnings (NASDAQ:APLD)

Applied Digital Co. (NASDAQ:APLD) – Northland Capmk issued their FY2025 earnings per share (EPS) estimates for shares of Applied Digital in a note issued to investors on Thursday, August 29th. Northland Capmk analyst M. Grondahl anticipates that the company will post earnings of ($0.84) per share for the year. The consensus estimate for Applied Digital’s current full-year earnings is ($1.02) per share.

APLD has been the topic of several other reports. Needham & Company LLC reissued a “buy” rating and set a $11.00 price target on shares of Applied Digital in a research note on Thursday. Roth Mkm dropped their target price on Applied Digital from $11.00 to $10.00 and set a “buy” rating for the company in a research report on Thursday. HC Wainwright reiterated a “buy” rating and issued a $5.00 price target on shares of Applied Digital in a report on Thursday. Finally, B. Riley upped their target price on shares of Applied Digital from $6.00 to $8.00 and gave the company a “buy” rating in a research report on Friday, June 28th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $8.20.

Applied Digital Stock Down 4.5 %

Shares of NASDAQ APLD opened at $3.65 on Monday. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.90. The company has a market cap of $500.82 million, a price-to-earnings ratio of -4.62 and a beta of 4.56. Applied Digital has a 12-month low of $2.36 and a 12-month high of $8.65. The firm’s 50-day simple moving average is $5.07 and its 200 day simple moving average is $4.35.

Applied Digital (NASDAQ:APLD) last posted its quarterly earnings data on Wednesday, August 28th. The company reported ($0.52) EPS for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.29). Applied Digital had a negative return on equity of 109.89% and a negative net margin of 88.95%. The business had revenue of $43.70 million during the quarter, compared to analyst estimates of $42.70 million. During the same period in the prior year, the firm posted ($0.07) EPS.

Institutional Investors Weigh In On Applied Digital

Several large investors have recently bought and sold shares of APLD. Hood River Capital Management LLC lifted its holdings in shares of Applied Digital by 8.7% during the 2nd quarter. Hood River Capital Management LLC now owns 9,596,231 shares of the company’s stock valued at $57,098,000 after purchasing an additional 771,699 shares in the last quarter. Capital Research Global Investors grew its holdings in shares of Applied Digital by 427.2% in the 4th quarter. Capital Research Global Investors now owns 7,337,288 shares of the company’s stock valued at $49,453,000 after acquiring an additional 5,945,559 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Applied Digital by 70.2% during the 1st quarter. Vanguard Group Inc. now owns 6,176,073 shares of the company’s stock worth $26,434,000 after purchasing an additional 2,547,485 shares during the last quarter. Oasis Management Co Ltd. lifted its stake in Applied Digital by 23.6% in the fourth quarter. Oasis Management Co Ltd. now owns 4,928,129 shares of the company’s stock valued at $33,216,000 after acquiring an additional 940,075 shares during the last quarter. Finally, Equitec Proprietary Markets LLC grew its position in shares of Applied Digital by 1.4% in the 1st quarter. Equitec Proprietary Markets LLC now owns 4,228,125 shares of the company’s stock valued at $18,096,000 after acquiring an additional 59,468 shares during the period. Institutional investors own 65.67% of the company’s stock.

About Applied Digital

Applied Digital Corporation designs, develops, and operates datacenters in North America. Its datacenters provide digital infrastructure solutions to the high-performance computing industry. The company also provides artificial intelligence cloud services, high performance computing datacenter hosting, and crypto datacenter hosting services.