Q1 EPS Estimates for Applied Digital Decreased by Analyst

Key Points

• HC Wainwright has revised its Q1 2026 earnings per share estimates for Applied Digital Corporation from ($0.01) to ($0.08), maintaining a "Buy" rating and a target price of $20.00.
• Various brokerages, including B. Riley and Compass Point, have recently upgraded their target prices for Applied Digital, with the average target price now at $15.64.
• Insider selling activity has been reported, with Director Richard N. Nottenburg selling 11,250 shares for approximately $159,975, decreasing his position by 3.42%.

Applied Digital Corporation (NASDAQ:APLD - Free Report) - Research analysts at HC Wainwright dropped their Q1 2026 earnings per share estimates for Applied Digital in a research report issued on Monday, August 25th. HC Wainwright analyst K. Dede now anticipates that the company will post earnings of ($0.08) per share for the quarter, down from their previous estimate of ($0.01). HC Wainwright currently has a "Buy" rating and a $20.00 target price on the stock. The consensus estimate for Applied Digital's current full-year earnings is ($0.96) per share. HC Wainwright also issued estimates for Applied Digital's Q2 2026 earnings at ($0.04) EPS, Q3 2026 earnings at $0.03 EPS, Q4 2026 earnings at $0.00 EPS and FY2026 earnings at ($0.08) EPS.

Several other brokerages have also recently commented on APLD. B. Riley upped their target price on Applied Digital from $8.00 to $15.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Compass Point upgraded Applied Digital from a "neutral" rating to a "buy" rating and set a $13.00 target price on the stock in a report on Friday, July 25th. JMP Securities upped their target price on Applied Digital from $12.00 to $18.00 and gave the company a "market outperform" rating in a report on Tuesday, June 3rd. Roth Capital reiterated a "buy" rating on shares of Applied Digital in a report on Monday, June 2nd. Finally, Craig Hallum upped their target price on Applied Digital from $12.00 to $23.00 and gave the company a "buy" rating in a report on Monday, August 18th. One analyst has rated the stock with a Strong Buy rating and twelve have given a Buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $15.64.

Applied Digital Stock Performance

NASDAQ:APLD opened at $16.47 on Wednesday. The stock has a market cap of $4.31 billion, a P/E ratio of -15.11 and a beta of 6.17. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 1.36. The stock's 50-day moving average is $12.01 and its 200-day moving average is $8.83. Applied Digital has a 1-year low of $3.01 and a 1-year high of $16.92.

Applied Digital (NASDAQ:APLD - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The company reported ($0.12) earnings per share for the quarter, hitting the consensus estimate of ($0.12). The company had revenue of $38.01 million for the quarter, compared to analysts' expectations of $42.86 million. Applied Digital had a negative return on equity of 50.03% and a negative net margin of 107.22%.The business's quarterly revenue was up 41.3% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.14) earnings per share.

Hedge Funds Weigh In On Applied Digital

Institutional investors and hedge funds have recently modified their holdings of the business. Atlantic Union Bankshares Corp bought a new position in shares of Applied Digital during the 2nd quarter worth approximately $25,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Applied Digital during the second quarter worth approximately $26,000. PNC Financial Services Group Inc. acquired a new position in shares of Applied Digital during the first quarter worth approximately $28,000. Geneos Wealth Management Inc. raised its position in shares of Applied Digital by 113.3% during the first quarter. Geneos Wealth Management Inc. now owns 6,667 shares of the company's stock worth $37,000 after purchasing an additional 3,542 shares during the period. Finally, Ameriflex Group Inc. acquired a new position in shares of Applied Digital during the second quarter worth approximately $42,000. 65.67% of the stock is currently owned by institutional investors.

Insider Activity

In other Applied Digital news, Director Richard N. Nottenburg sold 11,250 shares of the stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $14.22, for a total transaction of $159,975.00. Following the transaction, the director directly owned 317,987 shares in the company, valued at approximately $4,521,775.14. This represents a 3.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 11.81% 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.

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