Roth Capital Forecasts Applied Digital FY2027 Earnings

Applied Digital Co. (NASDAQ:APLD) – Equities research analysts at Roth Capital issued their FY2027 earnings estimates for shares of Applied Digital in a research note issued to investors on Tuesday, April 15th. Roth Capital analyst D. Aftahi forecasts that the company will earn $0.12 per share for the year. The consensus estimate for Applied Digital’s current full-year earnings is ($0.96) per share.

Applied Digital (NASDAQ:APLD) last posted its earnings results on Monday, April 14th. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.05). Applied Digital had a negative return on equity of 117.67% and a negative net margin of 127.86%. The business had revenue of $52.92 million for the quarter, compared to analysts’ expectations of $62.91 million. During the same quarter in the previous year, the firm earned ($0.24) earnings per share.

APLD has been the subject of several other research reports. Compass Point started coverage on Applied Digital in a research note on Tuesday, January 28th. They set a “buy” rating and a $10.00 price target for the company. HC Wainwright reduced their price objective on Applied Digital from $12.00 to $7.00 and set a “buy” rating on the stock in a research note on Tuesday. Northland Securities lifted their price target on Applied Digital from $12.00 to $20.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 4th. Cantor Fitzgerald dropped their price objective on Applied Digital from $14.00 to $7.00 and set an “overweight” rating for the company in a research note on Tuesday. Finally, Needham & Company LLC cut their target price on shares of Applied Digital from $11.00 to $10.00 and set a “buy” rating on the stock in a report on Tuesday. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $10.67.

Applied Digital Trading Down 3.4 %

Shares of APLD opened at $3.94 on Thursday. The firm’s 50 day simple moving average is $6.78 and its 200 day simple moving average is $7.78. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.77 and a quick ratio of 0.77. The company has a market capitalization of $885.39 million, a P/E ratio of -2.28 and a beta of 5.18. Applied Digital has a 1-year low of $2.36 and a 1-year high of $12.48.

Hedge Funds Weigh In On Applied Digital

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in shares of Applied Digital by 39.1% during the 4th quarter. Vanguard Group Inc. now owns 12,760,035 shares of the company’s stock worth $97,487,000 after acquiring an additional 3,587,619 shares during the period. Van ECK Associates Corp lifted its stake in shares of Applied Digital by 113.8% in the fourth quarter. Van ECK Associates Corp now owns 4,404,313 shares of the company’s stock worth $33,649,000 after buying an additional 2,344,572 shares in the last quarter. Tidal Investments LLC lifted its position in Applied Digital by 14,635.7% in the 4th quarter. Tidal Investments LLC now owns 1,697,850 shares of the company’s stock valued at $12,972,000 after acquiring an additional 1,686,328 shares in the last quarter. American Century Companies Inc. purchased a new stake in shares of Applied Digital during the fourth quarter valued at $12,843,000. Finally, Geode Capital Management LLC boosted its holdings in shares of Applied Digital by 54.4% during the 4th quarter. Geode Capital Management LLC now owns 4,726,495 shares of the company’s stock valued at $36,117,000 after acquiring an additional 1,665,335 shares during the last quarter. Hedge funds and other institutional investors own 65.67% of the company’s stock.

Applied Digital Company Profile

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.