Roth Capital Predicts Increased Earnings for Applied Digital

Applied Digital Co. (NASDAQ:APLD - Free Report) - Research analysts at Roth Capital increased their Q3 2026 earnings estimates for Applied Digital in a research note issued on Monday, June 2nd. Roth Capital analyst D. Aftahi now forecasts that the company will earn ($0.08) per share for the quarter, up from their previous forecast of ($0.10). 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 Q4 2026 earnings at $0.03 EPS, FY2026 earnings at ($0.20) EPS and FY2027 earnings at $0.44 EPS.

Other analysts also recently issued reports about the stock. Craig Hallum boosted their price target on shares of Applied Digital from $10.00 to $12.00 and gave the stock a "buy" rating in a research report on Tuesday. HC Wainwright raised their target price on shares of Applied Digital from $7.00 to $12.00 and gave the stock a "buy" rating in a report on Tuesday. 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. Citizens Jmp upgraded Applied Digital to a "strong-buy" rating and set a $12.00 target price on the stock in a research note on Thursday, May 22nd. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $10.00 price target on shares of Applied Digital in a research report on Monday. Ten research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Buy" and an average price target of $12.45.

Applied Digital Stock Performance

APLD traded down $0.48 on Thursday, hitting $12.77. 193,585,256 shares of the company's stock were exchanged, compared to its average volume of 36,886,391. Applied Digital has a twelve month low of $3.01 and a twelve month high of $14.49. The firm has a market cap of $2.87 billion, a PE ratio of -7.38 and a beta of 6.09. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 1.22. The stock has a fifty day moving average of $5.85 and a two-hundred day moving average of $7.48.

Applied Digital (NASDAQ:APLD - Get Free Report) last released its quarterly earnings data on Monday, April 14th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.05). The business had revenue of $52.92 million for the quarter, compared to analysts' expectations of $62.91 million. Applied Digital had a negative return on equity of 117.67% and a negative net margin of 127.86%. During the same quarter in the prior year, the firm earned ($0.24) earnings per share.

Insider Buying and Selling at Applied Digital

In other news, Director Rachel H. Lee sold 24,212 shares of the company's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $7.00, for a total value of $169,484.00. Following the completion of the transaction, the director now owns 83,613 shares in the company, valued at $585,291. This represents a 22.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 11.81% of the company's stock.

Institutional Investors Weigh In On Applied Digital

Several institutional investors have recently added to or reduced their stakes in the stock. Hood River Capital Management LLC raised its stake in shares of Applied Digital by 10.7% in the 4th quarter. Hood River Capital Management LLC now owns 15,147,422 shares of the company's stock valued at $115,726,000 after purchasing an additional 1,464,854 shares during the period. Vanguard Group Inc. lifted its stake in Applied Digital by 5.7% in the 1st quarter. Vanguard Group Inc. now owns 13,491,013 shares of the company's stock valued at $75,819,000 after acquiring an additional 730,978 shares in the last quarter. Geode Capital Management LLC boosted its position in Applied Digital by 54.4% during the 4th quarter. Geode Capital Management LLC now owns 4,726,495 shares of the company's stock worth $36,117,000 after acquiring an additional 1,665,335 shares during the last quarter. Van ECK Associates Corp grew its stake in shares of Applied Digital by 113.8% during the 4th quarter. Van ECK Associates Corp now owns 4,404,313 shares of the company's stock worth $33,649,000 after acquiring an additional 2,344,572 shares in the last quarter. Finally, Situational Awareness LP acquired a new stake in shares of Applied Digital in the first quarter valued at approximately $22,680,000. 65.67% of the stock is owned by institutional investors.

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.