GDS Holdings (NASDAQ:GDS) Receives Consensus Recommendation of “Buy” from Analysts

Shares of GDS Holdings (NASDAQ:GDS) have earned an average recommendation of “Buy” from the eleven ratings firms that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $49.90.

Several research firms have commented on GDS. Morgan Stanley reaffirmed an “overweight” rating and set a $64.00 price objective on shares of GDS in a research note on Tuesday, March 17th. Zacks Research raised GDS from a “hold” rating to a “strong-buy” rating in a report on Monday, March 23rd. Wall Street Zen cut GDS from a “hold” rating to a “sell” rating in a research note on Saturday, March 21st. Raymond James Financial reaffirmed a “strong-buy” rating on shares of GDS in a report on Tuesday, January 13th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of GDS in a research report on Monday, December 29th.

GDS Trading Down 3.8%

NASDAQ GDS opened at $40.40 on Friday. The firm’s fifty day moving average is $43.48 and its two-hundred day moving average is $38.58. GDS has a one year low of $16.92 and a one year high of $48.61. The company has a debt-to-equity ratio of 1.60, a quick ratio of 2.51 and a current ratio of 2.60. The firm has a market cap of $7.85 billion, a PE ratio of 77.69 and a beta of 0.39.

GDS (NASDAQ:GDS) last announced its earnings results on Saturday, February 14th. The company reported ($0.35) earnings per share for the quarter. GDS had a return on equity of 8.72% and a net margin of 8.12%.The business had revenue of $417.60 million for the quarter. Analysts expect that GDS will post -0.89 earnings per share for the current year.

Institutional Trading of GDS

Hedge funds and other institutional investors have recently made changes to their positions in the company. AI Squared Management Ltd increased its position in GDS by 793.5% during the 3rd quarter. AI Squared Management Ltd now owns 98,280 shares of the company’s stock worth $3,803,000 after purchasing an additional 87,280 shares during the period. Light Street Capital Management LLC acquired a new stake in shares of GDS in the 2nd quarter valued at approximately $21,845,000. Taikang Asset Management Hong Kong Co Ltd purchased a new stake in shares of GDS in the second quarter valued at approximately $1,681,000. Tekne Capital Management LLC grew its holdings in GDS by 6.9% during the second quarter. Tekne Capital Management LLC now owns 6,263,467 shares of the company’s stock worth $191,474,000 after acquiring an additional 403,256 shares during the period. Finally, ABC Arbitrage SA acquired a new position in GDS during the third quarter worth $514,000. Hedge funds and other institutional investors own 33.71% of the company’s stock.

About GDS

GDS Holdings Limited, founded in 2001 and headquartered in Shanghai, is a leading network-neutral data center services provider in China. The company operates a portfolio of state-of-the-art data center facilities designed to support the mission-critical IT infrastructure of cloud service providers, internet enterprises, financial institutions, and government entities. GDS was among the first Chinese providers to offer high-density colocation solutions, catering to customers with demanding computing and storage requirements.

GDS specializes in delivering scalable colocation, cross-connect, and interconnection services within its facilities, enabling clients to establish high-speed, low-latency connections to major cloud platforms and internet exchange points.