GDS (NASDAQ:GDS) Shares Gap Down – Time to Sell?

by · The Cerbat Gem

GDS Holdings Limited (NASDAQ:GDS – Get Free Report)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $20.63, but opened at $18.78. GDS shares last traded at $19.07, with a volume of 811,921 shares changing hands.

Analysts Set New Price Targets

Several research firms have commented on GDS. StockNews.com lowered GDS from a “hold” rating to a “sell” rating in a research report on Friday, February 28th. Citigroup restated an “outperform” rating on shares of GDS in a research note on Thursday, March 20th. Citizens Jmp raised GDS to a “strong-buy” rating in a research note on Monday, January 27th. Daiwa Capital Markets raised GDS from a “neutral” rating to a “buy” rating in a report on Tuesday, February 11th. Finally, Jefferies Financial Group upgraded shares of GDS from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a research note on Tuesday, March 18th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, five have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $39.48.

View Our Latest Report on GDS

GDS Trading Up 8.3 %

The business has a fifty day moving average of $30.98 and a two-hundred day moving average of $25.10. The firm has a market cap of $4.09 billion, a price-to-earnings ratio of -7.04 and a beta of 0.23. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.19 and a current ratio of 1.19.

GDS (NASDAQ:GDS – Get Free Report) last released its quarterly earnings data on Wednesday, March 19th. The company reported ($0.10) EPS for the quarter, topping the consensus estimate of ($0.27) by $0.17. GDS had a negative net margin of 35.97% and a negative return on equity of 8.22%. The business had revenue of $425.13 million for the quarter, compared to analyst estimates of $3.11 billion. During the same period in the previous year, the firm earned ($2.16) EPS. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. As a group, equities analysts expect that GDS Holdings Limited will post -0.89 earnings per share for the current fiscal year.

Institutional Investors Weigh In On GDS

A number of institutional investors and hedge funds have recently bought and sold shares of GDS. Public Employees Retirement System of Ohio purchased a new position in GDS during the third quarter worth $64,000. Geode Capital Management LLC boosted its stake in shares of GDS by 20.5% during the third quarter. Geode Capital Management LLC now owns 77,057 shares of the company’s stock valued at $1,572,000 after acquiring an additional 13,121 shares during the last quarter. Tidal Investments LLC purchased a new stake in GDS during the 3rd quarter worth about $842,000. JPMorgan Chase & Co. raised its stake in GDS by 7,553.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 610,821 shares of the company’s stock valued at $12,461,000 after purchasing an additional 602,840 shares during the last quarter. Finally, Blue Trust Inc. lifted its holdings in GDS by 121.9% in the 4th quarter. Blue Trust Inc. now owns 5,557 shares of the company’s stock valued at $132,000 after purchasing an additional 3,053 shares in the last quarter. Hedge funds and other institutional investors own 33.71% of the company’s stock.

GDS Company Profile

(Get Free Report)

GDS Holdings Limited, together with its subsidiaries, develops and operates data centers in the People's Republic of China. The company provides colocation services comprising critical facilities space, customer-available power, racks, and cooling; managed hosting services, including business continuity and disaster recovery, network management, data storage, system security, operating system, database, and server middleware services; managed cloud services; and consulting services.

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