Roth Capital Forecasts Stronger Earnings for Applied Digital

Key Points

• Roth Capital raised its Q4 2026 earnings per share forecast for Applied Digital from $0.03 to $0.06, maintaining a "Buy" rating on the stock.
• Compass Point upgraded Applied Digital from "neutral" to "buy," setting a price target of $13.00, while other analysts have varied targets, contributing to a general sentiment of optimism around the stock.
• Institutional investors own 65.67% of Applied Digital's shares, with notable increases in holdings by firms such as Hood River Capital Management and Vanguard Group.

Applied Digital Corporation (NASDAQ:APLD - Free Report) - Stock analysts at Roth Capital lifted their Q4 2026 earnings estimates for Applied Digital in a research report issued on Monday, July 28th. Roth Capital analyst D. Aftahi now forecasts that the company will post earnings per share of $0.06 for the quarter, up from their previous forecast of $0.03. Roth Capital has a "Buy" rating on the stock. The consensus estimate for Applied Digital's current full-year earnings is ($0.96) per share. Roth Capital also issued estimates for Applied Digital's FY2027 earnings at $0.53 EPS and FY2028 earnings at $0.90 EPS.

Several other equities analysts have also issued reports on the company. HC Wainwright lifted their price target on Applied Digital from $7.00 to $12.00 and gave the stock a "buy" rating in a research report on Tuesday, June 3rd. Needham & Company LLC reiterated a "buy" rating and issued a $10.00 target price on shares of Applied Digital in a research note on Monday, June 2nd. Citizens Jmp raised shares of Applied Digital to a "strong-buy" rating and set a $12.00 price target for the company in a research report on Thursday, May 22nd. B. Riley upped their price objective on Applied Digital from $8.00 to $15.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Finally, Cantor Fitzgerald reduced their target price on Applied Digital from $14.00 to $7.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th. Twelve equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Applied Digital currently has an average rating of "Buy" and an average target price of $12.73.

Applied Digital Stock Down 0.9%

APLD stock traded down $0.09 on Wednesday, reaching $10.03. 26,029,539 shares of the company traded hands, compared to its average volume of 27,201,204. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.70 and a quick ratio of 0.70. The firm has a fifty day simple moving average of $10.27 and a 200-day simple moving average of $7.94. Applied Digital has a one year low of $3.01 and a one year high of $15.42. The company has a market cap of $2.26 billion, a P/E ratio of -7.32 and a beta of 6.04.

Institutional Trading of Applied Digital

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Corebridge Financial Inc. grew its holdings in shares of Applied Digital by 2.0% in the first quarter. Corebridge Financial Inc. now owns 97,224 shares of the company's stock valued at $546,000 after purchasing an additional 1,899 shares in the last quarter. Wedbush Securities Inc. lifted its position in Applied Digital by 14.8% during the first quarter. Wedbush Securities Inc. now owns 15,500 shares of the company's stock valued at $87,000 after purchasing an additional 2,000 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of Applied Digital by 11.7% in the 1st quarter. Wellington Management Group LLP now owns 19,056 shares of the company's stock worth $107,000 after buying an additional 2,001 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Applied Digital by 29.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 13,778 shares of the company's stock worth $77,000 after buying an additional 3,127 shares during the last quarter. Finally, Geneos Wealth Management Inc. raised its position in shares of Applied Digital by 113.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 6,667 shares of the company's stock valued at $37,000 after buying an additional 3,542 shares in the last quarter. 65.67% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Applied Digital news, Director Rachel H. Lee sold 24,212 shares of the business's stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $7.00, for a total transaction of $169,484.00. Following the completion of the sale, the director owned 83,613 shares of the company's stock, valued at approximately $585,291. The trade was a 22.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 11.81% 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.