GDS (NASDAQ:GDS) Raised to Hold at Wall Street Zen

GDS (NASDAQ:GDS) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Saturday.

A number of other analysts also recently issued reports on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of GDS in a report on Friday, March 27th. Raymond James Financial reissued a “strong-buy” rating on shares of GDS in a research report on Tuesday, January 13th. Zacks Research upgraded GDS from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 23rd. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $64.00 price target on shares of GDS in a report on Tuesday, March 17th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $49.90.

GDS Stock Performance

Shares of NASDAQ:GDS opened at $39.91 on Friday. GDS has a 52 week low of $16.92 and a 52 week high of $48.61. The company’s 50 day moving average is $43.40 and its two-hundred day moving average is $38.72. The company has a market cap of $7.76 billion, a PE ratio of 76.75 and a beta of 0.46. The company has a current ratio of 2.60, a quick ratio of 2.51 and a debt-to-equity ratio of 1.60.

GDS (NASDAQ:GDS) last released its quarterly earnings data on Saturday, February 14th. The company reported ($0.35) earnings per share (EPS) for the quarter. The firm had revenue of $417.60 million for the quarter. GDS had a return on equity of 8.72% and a net margin of 8.12%. Equities analysts predict that GDS will post -0.89 earnings per share for the current fiscal year.

Hedge Funds Weigh In On GDS

Several large investors have recently bought and sold shares of the stock. AI Squared Management Ltd lifted its holdings in shares of GDS by 793.5% in the 3rd quarter. AI Squared Management Ltd now owns 98,280 shares of the company’s stock valued at $3,803,000 after purchasing an additional 87,280 shares during the last quarter. Light Street Capital Management LLC purchased a new position in GDS during the 2nd quarter worth approximately $21,845,000. Hidden Lake Asset Management LP grew its stake in GDS by 16.3% during the 3rd quarter. Hidden Lake Asset Management LP now owns 205,496 shares of the company’s stock worth $7,953,000 after buying an additional 28,806 shares during the last quarter. ABC Arbitrage SA acquired a new position in GDS during the third quarter worth approximately $514,000. Finally, Eschler Asset Management LLP acquired a new position in GDS during the second quarter worth approximately $10,887,000. Institutional investors and hedge funds 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.