GDS (NASDAQ:GDS) Shares Gap Down to $32.12

GDS Holdings Limited (NASDAQ:GDSGet Rating)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $32.12, but opened at $31.35. GDS shares last traded at $29.63, with a volume of 12,141 shares changing hands.

GDS has been the topic of a number of analyst reports. Truist Financial decreased their price objective on GDS from $115.00 to $85.00 and set a “buy” rating on the stock in a research note on Tuesday, February 8th. Royal Bank of Canada decreased their price objective on GDS from $65.00 to $58.00 and set an “outperform” rating on the stock in a research note on Thursday, March 24th. Zacks Investment Research raised GDS from a “sell” rating to a “hold” rating in a research note on Tuesday, March 22nd. Morgan Stanley raised GDS from an “equal weight” rating to an “overweight” rating and set a $60.00 price objective on the stock in a research note on Wednesday, February 9th. Finally, Deutsche Bank Aktiengesellschaft raised GDS from a “hold” rating to a “buy” rating and set a $55.00 price objective on the stock in a research note on Thursday, March 24th. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, GDS presently has a consensus rating of “Buy” and a consensus target price of $75.57.

The company has a 50-day moving average of $38.42 and a two-hundred day moving average of $46.57. The stock has a market capitalization of $5.45 billion, a PE ratio of -26.04 and a beta of 0.97. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.07 and a quick ratio of 1.42.

GDS (NASDAQ:GDSGet Rating) last released its quarterly earnings data on Tuesday, March 22nd. The company reported ($0.30) EPS for the quarter, topping analysts’ consensus estimates of ($0.40) by $0.10. The company had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.15 billion. GDS had a negative return on equity of 5.07% and a negative net margin of 16.17%. The company’s quarterly revenue was up 34.0% compared to the same quarter last year. During the same period last year, the business posted ($0.26) EPS. On average, research analysts forecast that GDS Holdings Limited will post -1.66 EPS for the current fiscal year.

Several large investors have recently made changes to their positions in the stock. Canada Pension Plan Investment Board raised its holdings in shares of GDS by 21.3% during the 4th quarter. Canada Pension Plan Investment Board now owns 7,176,405 shares of the company’s stock valued at $338,439,000 after buying an additional 1,261,960 shares during the period. Cederberg Capital Ltd raised its holdings in shares of GDS by 0.5% during the 4th quarter. Cederberg Capital Ltd now owns 2,743,856 shares of the company’s stock valued at $129,400,000 after buying an additional 12,500 shares during the period. Carmignac Gestion raised its holdings in shares of GDS by 12.4% during the 3rd quarter. Carmignac Gestion now owns 2,646,748 shares of the company’s stock valued at $149,833,000 after buying an additional 291,901 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of GDS by 188.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,214,133 shares of the company’s stock valued at $104,419,000 after buying an additional 1,446,044 shares during the period. Finally, State Street Corp raised its holdings in shares of GDS by 2.3% during the 4th quarter. State Street Corp now owns 1,830,437 shares of the company’s stock valued at $86,323,000 after buying an additional 41,643 shares during the period. Institutional investors and hedge funds own 53.92% of the company’s stock.

GDS Company Profile (NASDAQ:GDS)

GDS Holdings Limited, together with its subsidiaries, develops and operates data centers in the People's Republic of China. The company provides colocation, managed hosting, and managed cloud services, as well as consulting services to the cloud, internet and banking industries. The company serves cloud service providers, Internet companies, financial institutions, telecommunications and IT service providers, and large domestic private sector and multinational corporations.

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