HC Wainwright Lowers Applied Digital (NASDAQ:APLD) Price Target to $7.00

Applied Digital (NASDAQ:APLD - Free Report) had its price target decreased by HC Wainwright from $12.00 to $7.00 in a research report report published on Tuesday, MarketBeat.com reports. HC Wainwright currently has a buy rating on the stock. HC Wainwright also issued estimates for Applied Digital's Q4 2025 earnings at ($0.09) EPS, FY2025 earnings at ($0.96) EPS and FY2026 earnings at ($0.33) EPS.

APLD has been the subject of several other research reports. Northland Securities boosted their price objective on Applied Digital from $12.00 to $20.00 and gave the company an "outperform" rating in a report on Tuesday, February 4th. Compass Point began coverage on shares of Applied Digital in a report on Tuesday, January 28th. They set a "buy" rating and a $10.00 target price for the company. Cantor Fitzgerald lowered their price target on shares of Applied Digital from $15.00 to $14.00 and set an "overweight" rating on the stock in a report on Wednesday, January 15th. Finally, Needham & Company LLC dropped their price target on shares of Applied Digital from $11.00 to $10.00 and set a "buy" rating on the stock in a research report on Tuesday. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $10.67.

Applied Digital Stock Performance

Shares of APLD stock traded down $0.14 during mid-day trading on Tuesday, reaching $3.94. The stock had a trading volume of 36,300,379 shares, compared to its average volume of 28,302,324. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 1.22. Applied Digital has a 1-year low of $2.36 and a 1-year high of $12.48. The firm has a market cap of $885.39 million, a price-to-earnings ratio of -2.28 and a beta of 5.18. The business's fifty day moving average is $6.78 and its 200-day moving average is $7.78.

Applied Digital (NASDAQ:APLD - Get Free Report) last released its quarterly earnings data on Monday, April 14th. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.05). Applied Digital had a negative net margin of 127.86% and a negative return on equity of 117.67%. The business had revenue of $52.92 million during the quarter, compared to analysts' expectations of $62.91 million. During the same period last year, the company earned ($0.24) earnings per share. On average, research analysts forecast that Applied Digital will post -0.96 earnings per share for the current year.

Institutional Investors Weigh In On Applied Digital

Several institutional investors have recently bought and sold shares of APLD. Hood River Capital Management LLC lifted its position in shares of Applied Digital by 10.7% in the fourth quarter. Hood River Capital Management LLC now owns 15,147,422 shares of the company's stock valued at $115,726,000 after acquiring an additional 1,464,854 shares in the last quarter. Vanguard Group Inc. grew its stake in Applied Digital by 39.1% during the 4th quarter. Vanguard Group Inc. now owns 12,760,035 shares of the company's stock valued at $97,487,000 after acquiring an additional 3,587,619 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Applied Digital by 54.4% in the fourth quarter. Geode Capital Management LLC now owns 4,726,495 shares of the company's stock valued at $36,117,000 after purchasing an additional 1,665,335 shares in the last quarter. Van ECK Associates Corp increased its holdings in shares of Applied Digital by 113.8% in the fourth quarter. Van ECK Associates Corp now owns 4,404,313 shares of the company's stock valued at $33,649,000 after purchasing an additional 2,344,572 shares during the last quarter. Finally, Pertento Partners LLP lifted its position in Applied Digital by 49.0% during the fourth quarter. Pertento Partners LLP now owns 2,528,717 shares of the company's stock worth $19,319,000 after buying an additional 831,705 shares in the last quarter. 65.67% of the stock is currently owned by institutional investors and hedge funds.

Applied Digital Company Profile

Applied Digital Corporation designs, develops, and operates datacenters in North America. Its datacenters provide digital infrastructure solutions to the high-performance computing industry. The company also provides artificial intelligence cloud services, high performance computing datacenter hosting, and crypto datacenter hosting services.