FY2025 EPS Estimates for Applied Digital Reduced by Analyst

Applied Digital Co. (NASDAQ:APLD - Free Report) - Northland Capmk reduced their FY2025 EPS estimates for shares of Applied Digital in a research note issued on Tuesday, April 15th. Northland Capmk analyst M. Grondahl now expects that the company will earn ($1.07) per share for the year, down from their prior estimate of ($1.00). The consensus estimate for Applied Digital's current full-year earnings is ($0.96) per share. Northland Capmk also issued estimates for Applied Digital's Q4 2025 earnings at ($0.16) EPS.

Applied Digital (NASDAQ:APLD - Get Free Report) last posted its quarterly earnings results on Monday, April 14th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.05). Applied Digital had a negative return on equity of 117.67% and a negative net margin of 127.86%. The business had revenue of $52.92 million during the quarter, compared to analyst estimates of $62.91 million. During the same quarter last year, the firm posted ($0.24) EPS.

A number of other equities research analysts have also issued reports on the stock. Cantor Fitzgerald cut their price target on shares of Applied Digital from $14.00 to $7.00 and set an "overweight" rating on the stock in a report on Tuesday. Northland Securities boosted their target price on shares of Applied Digital from $12.00 to $20.00 and gave the company an "outperform" rating in a research note on Tuesday, February 4th. HC Wainwright decreased their target price on Applied Digital from $12.00 to $7.00 and set a "buy" rating for the company in a research report on Tuesday. Needham & Company LLC dropped their price target on Applied Digital from $11.00 to $10.00 and set a "buy" rating on the stock in a research report on Tuesday. Finally, Compass Point started coverage on Applied Digital in a research report on Tuesday, January 28th. They set a "buy" rating and a $10.00 price objective for the company. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $10.67.

Applied Digital Trading Down 3.4 %

APLD traded down $0.14 during trading on Friday, reaching $3.94. The company had a trading volume of 36,300,379 shares, compared to its average volume of 28,302,324. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.77 and a current ratio of 0.77. Applied Digital has a 12-month low of $2.36 and a 12-month high of $12.48. The company has a market cap of $885.39 million, a price-to-earnings ratio of -2.28 and a beta of 5.18. The firm's 50-day simple moving average is $6.78 and its 200 day simple moving average is $7.78.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Hood River Capital Management LLC grew its stake in shares of Applied Digital by 10.7% in the 4th quarter. Hood River Capital Management LLC now owns 15,147,422 shares of the company's stock valued at $115,726,000 after buying an additional 1,464,854 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of 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 purchasing an additional 3,587,619 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Applied Digital by 54.4% during the 4th 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 lifted its stake in shares of Applied Digital by 113.8% in the 4th 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 boosted its holdings in Applied Digital by 49.0% in the fourth quarter. Pertento Partners LLP now owns 2,528,717 shares of the company's stock worth $19,319,000 after purchasing an additional 831,705 shares in the last quarter. 65.67% of the stock is owned by institutional investors and hedge funds.

About Applied Digital

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.