GDS (NASDAQ:GDS) Shares Gap Up - What's Next?

GDS Holdings (NASDAQ:GDS - Get Free Report)'s stock price gapped up prior to trading on Monday . The stock had previously closed at $25.68, but opened at $27.22. GDS shares last traded at $27.39, with a volume of 525,416 shares changing hands.

Analysts Set New Price Targets

GDS has been the topic of a number of recent analyst reports. Wall Street Zen raised shares of GDS from a "sell" rating to a "hold" rating in a research report on Wednesday, May 21st. Daiwa Capital Markets reiterated a "buy" rating on shares of GDS in a report on Wednesday, May 28th. Citigroup reissued an "outperform" rating on shares of GDS in a research note on Thursday, March 20th. Jefferies Financial Group upgraded GDS from a "hold" rating to a "buy" rating and set a $45.00 price target for the company in a report on Tuesday, March 18th. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $40.00 price target on shares of GDS in a research report on Wednesday, May 21st. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $39.48.

GDS Trading Down 3.2%

The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 1.62. The company has a market capitalization of $5.19 billion, a P/E ratio of 8.35 and a beta of 0.25. The business has a fifty day moving average price of $25.12 and a 200 day moving average price of $26.50.

GDS (NASDAQ:GDS - Get Free Report) last released its earnings results on Tuesday, May 20th. The company reported $0.48 EPS for the quarter, beating the consensus estimate of ($0.22) by $0.70. The firm had revenue of $375.14 million for the quarter, compared to analysts' expectations of $2.72 billion. GDS had a return on equity of 0.78% and a net margin of 39.90%. The business's quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($1.96) EPS. On average, analysts expect that GDS Holdings will post -0.89 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Advisors Asset Management Inc. acquired a new position in shares of GDS during the 1st quarter worth about $25,000. Brooklyn Investment Group raised its holdings in GDS by 2,390.0% during the first quarter. Brooklyn Investment Group now owns 996 shares of the company's stock worth $25,000 after acquiring an additional 956 shares in the last quarter. NewEdge Advisors LLC acquired a new position in GDS during the first quarter valued at approximately $25,000. Summit Securities Group LLC acquired a new position in GDS during the first quarter valued at approximately $26,000. Finally, PNC Financial Services Group Inc. grew its stake in GDS by 26.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,177 shares of the company's stock valued at $75,000 after purchasing an additional 672 shares in the last quarter. Institutional investors own 33.71% of the company's stock.

About 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.