Applied Digital (NASDAQ:APLD) Earns “Market Outperform” Rating from Citizens Jmp

Applied Digital (NASDAQ:APLD)‘s stock had its “market outperform” rating restated by analysts at Citizens Jmp in a research report issued to clients and investors on Thursday,Benzinga reports. They presently have a $40.00 price objective on the stock. Citizens Jmp’s target price would suggest a potential upside of 52.33% from the stock’s previous close.

APLD has been the topic of a number of other reports. Freedom Capital upgraded shares of Applied Digital to a “strong-buy” rating in a research note on Tuesday, January 6th. Needham & Company LLC reiterated a “buy” rating and issued a $41.00 price target on shares of Applied Digital in a research report on Thursday, January 8th. Texas Capital upgraded shares of Applied Digital to a “strong-buy” rating in a research report on Tuesday, January 20th. Northland Securities set a $56.00 price objective on shares of Applied Digital in a research note on Wednesday, January 28th. Finally, Citigroup reissued an “outperform” rating on shares of Applied Digital in a research note on Wednesday, January 28th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have given a Sell rating to the stock. According to data from MarketBeat, Applied Digital presently has an average rating of “Moderate Buy” and an average price target of $39.20.

Applied Digital Stock Up 2.7%

Shares of NASDAQ APLD opened at $26.26 on Thursday. The company has a debt-to-equity ratio of 1.65, a current ratio of 2.38 and a quick ratio of 4.82. The company has a market capitalization of $7.50 billion, a P/E ratio of -35.48 and a beta of 7.25. The company has a 50 day simple moving average of $28.88 and a 200-day simple moving average of $29.46. Applied Digital has a 1 year low of $3.31 and a 1 year high of $42.27.

Applied Digital (NASDAQ:APLD) last announced its quarterly earnings data on Wednesday, April 8th. The company reported ($0.36) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.23). Applied Digital had a negative net margin of 52.84% and a negative return on equity of 15.91%. The firm had revenue of $108.55 million during the quarter, compared to analyst estimates of $78.47 million. During the same quarter in the previous year, the business posted ($0.08) earnings per share. Applied Digital’s revenue for the quarter was up 139.3% compared to the same quarter last year. On average, equities research analysts predict that Applied Digital will post -0.96 earnings per share for the current year.

Insider Buying and Selling at Applied Digital

In other Applied Digital news, Director Chuck Hastings sold 45,987 shares of the business’s stock in a transaction on Thursday, January 29th. The shares were sold at an average price of $38.57, for a total value of $1,773,718.59. Following the sale, the director owned 388,372 shares of the company’s stock, valued at $14,979,508.04. The trade was a 10.59% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Wes Cummins sold 165,000 shares of the business’s stock in a transaction dated Friday, January 16th. The shares were sold at an average price of $36.42, for a total transaction of $6,009,300.00. Following the completion of the transaction, the chief executive officer owned 4,176,329 shares in the company, valued at approximately $152,101,902.18. This trade represents a 3.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 244,593 shares of company stock valued at $9,003,278. 9.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Noble Wealth Management PBC acquired a new stake in shares of Applied Digital in the fourth quarter valued at approximately $25,000. Albion Financial Group UT bought a new position in shares of Applied Digital in the fourth quarter valued at $25,000. Activest Wealth Management bought a new position in Applied Digital during the fourth quarter worth $25,000. Ameriflex Group Inc. bought a new position in Applied Digital during the fourth quarter worth $25,000. Finally, McMillan Office Inc. acquired a new stake in shares of Applied Digital during the fourth quarter worth $25,000. Institutional investors own 65.67% of the company’s stock.

Key Applied Digital News

Here are the key news stories impacting Applied Digital this week:

• Positive Sentiment: Q3/Q1 revenue beat and rapid growth: APLD reported revenue that surged ~139% Y/Y and exceeded Wall Street expectations, with non‑GAAP profit above estimates—fueling optimism about demand for AI/data‑center capacity. APLD Q1 Deep Dive
• Positive Sentiment: Major capacity expansion and improved lease economics: Applied broke ground on the 300 MW Delta Forge 1 AI campus, recast leases with hyperscaler CoreWeave (improving credit metrics and lowering cost of capital) and reiterated high‑growth NOI targets. These moves underpin the company’s long‑term AI/data‑center thesis. Applied Digital Expands AI Campus
• Positive Sentiment: Analyst / options flow support: Citizens Jmp reaffirmed a Market Outperform rating with a $40 target, and intraday reports show heavy call‑option activity—both signal institutional and speculative bullish interest. Citizens Jmp rating Options Flow
• Neutral Sentiment: Short interest report shows effectively zero reported short interest (odd/possibly stale data); days‑to‑cover is negligible—this lowers squeeze risk but the data may be unreliable. (internal short‑interest entry)
• Neutral Sentiment: Analyst/think pieces weigh pros and cons: Several deep dives (Seeking Alpha) argue APLD is a long‑term winner in the AI CapEx boom while flagging emerging risks from leverage and cash burn. Still A Buy Despite Emerging Risks Winner In The AI CapEx Boom
• Negative Sentiment: Wider GAAP loss, write‑downs and stock‑based comp weighed on sentiment: Despite the revenue beat, APLD reported a larger net loss than expected and flagged significant non‑cash charges and expanded operating losses—key reasons some investors sold into the rally. Q3 Results — Loss Wider
• Negative Sentiment: Downgrade and cautionary headlines: Zacks moved APLD to a “strong sell” and multiple outlets cautioned about massive cash burn, weak near‑term EPS outlook and a spin‑off charge—pressures that can keep the stock volatile and cap upside. Zacks downgrade Should You Buy the Dip?
• Negative Sentiment: Market reaction so far: Multiple headlines note the stock fell after the beat earlier in the session as investors focused on losses and cash burn; that same tension explains today’s seesaw price action. Why APLD Stock Is Falling

About Applied Digital

Applied Digital (NASDAQ: APLD) is a technology company specializing in the development and operation of large-scale digital infrastructure and sustainable Bitcoin mining solutions. Through its integrated platform, the company designs, builds and manages turnkey data center facilities while also providing comprehensive hosting services for cloud, colocation and enterprise computing needs. Applied Digital’s modular approach to facility design enables rapid deployment of capacity and streamlined integration of power, cooling and network connectivity.

In addition to its data center business, Applied Digital operates a network of Bitcoin mining sites that leverage vertically integrated capabilities, including hardware procurement, mining farm engineering, energy management and real-time performance monitoring.