GDS (NASDAQ:GDS) Shares Gap Up - What's Next?

Shares of GDS Holdings Limited (NASDAQ:GDS - Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $25.21, but opened at $26.12. GDS shares last traded at $26.15, with a volume of 235,365 shares trading hands.

Analysts Set New Price Targets

Several research firms have commented on GDS. JMP Securities set a $40.00 price objective on GDS in a research report on Thursday, March 20th. Jefferies Financial Group upgraded GDS from a "hold" rating to a "buy" rating and set a $45.00 price target for the company in a report on Tuesday, March 18th. StockNews.com lowered shares of GDS from a "hold" rating to a "sell" rating in a research note on Friday, February 28th. Raymond James upgraded shares of GDS from an "outperform" rating to a "strong-buy" rating and set a $53.00 target price for the company in a research note on Thursday, March 20th. Finally, Citizens Jmp raised shares of GDS to a "strong-buy" rating in a report on Monday, January 27th. One analyst has rated the stock with a sell rating, one has issued a hold rating, five have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $39.48.

GDS Stock Performance

The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 2.25. The stock has a 50 day simple moving average of $32.04 and a 200 day simple moving average of $25.24. The company has a market capitalization of $3.82 billion, a price-to-earnings ratio of -6.62 and a beta of 0.24.

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

Institutional Trading of GDS

Several hedge funds have recently bought and sold shares of the company. Alberta Investment Management Corp acquired a new stake in shares of GDS in the fourth quarter valued at approximately $4,935,000. JPMorgan Chase & Co. increased its position 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 acquiring an additional 602,840 shares during the period. Y Intercept Hong Kong Ltd raised its stake in GDS by 165.5% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 54,127 shares of the company's stock valued at $1,286,000 after acquiring an additional 33,741 shares in the last quarter. State of New Jersey Common Pension Fund D bought a new position in shares of GDS in the fourth quarter worth $1,938,000. Finally, American Century Companies Inc. increased its holdings in shares of GDS by 509.6% during the fourth quarter. American Century Companies Inc. now owns 2,323,482 shares of the company's stock valued at $55,206,000 after purchasing an additional 1,942,341 shares during the period. 33.71% of the stock is currently owned by institutional investors.

GDS Company Profile

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.