GDS (NASDAQ:GDS) Rating Increased to Hold at Wall Street Zen

Key Points

• Wall Street Zen upgraded GDS from “sell” to “hold,” while analysts overall maintain a “Moderate Buy” consensus with an average price target of $48.12.
• GDS shares opened at $31.36, near the lower end of their 52-week range, despite reporting quarterly revenue of $454.51 million and EPS of $0.52.
• Institutional ownership stands at 33.71%, with several funds recently initiating or increasing positions; meanwhile, a company vice president sold 10,000 shares valued at $352,500.

GDS (NASDAQ:GDS - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a report released on Sunday, Wall Street Zen reports.

A number of other equities research analysts also recently commented on the stock. Weiss Ratings restated a "hold (c)" rating on shares of GDS in a research report on Thursday, August 13th. Raymond James Financial reaffirmed a "strong-buy" rating and issued a $51.00 price objective on shares of GDS in a report on Tuesday. Zacks Research cut GDS from a "strong-buy" rating to a "hold" rating in a research report on Friday, July 24th. TD Cowen cut their target price on GDS from $37.00 to $36.00 and set a "buy" rating for the company in a research note on Thursday, May 21st. Finally, Piper Sandler set a $36.00 price target on GDS in a report on Thursday, May 21st. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $48.12.

GDS Trading Up 0.8%

Shares of GDS opened at $31.36 on Friday. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 1.22. The stock has a market cap of $6.28 billion, a PE ratio of 14.59 and a beta of 0.43. The firm's fifty day moving average is $32.16 and its two-hundred day moving average is $37.25. GDS has a 52-week low of $26.97 and a 52-week high of $48.61.

GDS (NASDAQ:GDS - Get Free Report) last released its earnings results on Tuesday, June 30th. The company reported $0.52 EPS for the quarter. The company had revenue of $454.51 million during the quarter. GDS had a net margin of 30.70% and a return on equity of 17.94%. Research analysts forecast that GDS will post 2.23 earnings per share for the current fiscal year.

Insider Activity

In related news, VP Yixin Qian sold 10,000 shares of the firm's stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $35.25, for a total value of $352,500.00. Following the completion of the sale, the vice president 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 7.99% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in GDS. Advisors Asset Management Inc. purchased a new position in GDS in the first quarter valued at about $25,000. NewEdge Advisors LLC purchased a new stake in shares of GDS during the 1st quarter worth approximately $25,000. Leonteq Securities AG acquired a new stake in shares of GDS in the 4th quarter worth approximately $34,000. EverSource Wealth Advisors LLC grew its holdings in shares of GDS by 41.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,806 shares of the company's stock worth $55,000 after acquiring an additional 531 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in shares of GDS by 113.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,836 shares of the company's stock worth $56,000 after acquiring an additional 974 shares during the period. 33.71% of the stock is currently owned by institutional investors and hedge funds.

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.

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