Jump Financial LLC Invests $1.16 Million in Applied Digital Co. (NASDAQ:APLD)

Jump Financial LLC bought a new position in shares of Applied Digital Co. (NASDAQ:APLD - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 151,240 shares of the company's stock, valued at approximately $1,155,000. Jump Financial LLC owned 0.07% of Applied Digital as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Vontobel Holding Ltd. raised its position in shares of Applied Digital by 9.8% in the fourth quarter. Vontobel Holding Ltd. now owns 16,735 shares of the company's stock worth $128,000 after buying an additional 1,500 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Applied Digital by 16.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 11,774 shares of the company's stock valued at $90,000 after acquiring an additional 1,692 shares in the last quarter. Wilmington Savings Fund Society FSB boosted its position in shares of Applied Digital by 100.0% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 4,000 shares of the company's stock valued at $31,000 after acquiring an additional 2,000 shares during the last quarter. Amalgamated Bank increased its position in shares of Applied Digital by 113.3% in the fourth quarter. Amalgamated Bank now owns 6,538 shares of the company's stock worth $50,000 after purchasing an additional 3,473 shares during the last quarter. Finally, HighTower Advisors LLC raised its stake in Applied Digital by 34.7% in the fourth quarter. HighTower Advisors LLC now owns 16,162 shares of the company's stock valued at $123,000 after purchasing an additional 4,162 shares in the last quarter. Hedge funds and other institutional investors own 65.67% of the company's stock.

Applied Digital Trading Up 3.5 %

APLD stock traded up $0.16 during trading on Friday, reaching $4.70. The company had a trading volume of 39,493,972 shares, compared to its average volume of 28,794,992. The business has a 50 day moving average of $6.34 and a 200 day moving average of $7.66. 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 cap of $1.06 billion, a P/E ratio of -2.72 and a beta of 5.18. Applied Digital Co. has a 52 week low of $2.63 and a 52 week high of $12.48.

Applied Digital (NASDAQ:APLD - Get Free Report) last posted its quarterly earnings data on Monday, April 14th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 firm had revenue of $52.92 million during the quarter, compared to the consensus estimate of $62.91 million. During the same quarter last year, the company posted ($0.24) EPS. As a group, sell-side analysts forecast that Applied Digital Co. will post -0.96 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Compass Point began coverage on shares of Applied Digital in a report on Tuesday, January 28th. They issued a "buy" rating and a $10.00 price target on the stock. Cantor Fitzgerald lowered their price target on Applied Digital from $14.00 to $7.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. Needham & Company LLC reiterated a "buy" rating and set a $10.00 price objective on shares of Applied Digital in a research report on Wednesday. HC Wainwright decreased their price objective on Applied Digital from $12.00 to $7.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Finally, Northland Securities upped their target price on Applied Digital from $12.00 to $20.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 4th. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Applied Digital presently has a consensus rating of "Buy" and a consensus price target of $10.67.

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.