Jump Financial LLC purchased a new stake in Applied Digital Co. (NASDAQ:APLD - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 151,240 shares of the company's stock, valued at approximately $1,155,000. Jump Financial LLC owned approximately 0.07% of Applied Digital at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Wilmington Savings Fund Society FSB lifted its position in Applied Digital by 100.0% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 4,000 shares of the company's stock valued at $31,000 after acquiring an additional 2,000 shares during the last quarter. R Squared Ltd acquired a new stake in shares of Applied Digital during the fourth quarter worth about $36,000. US Bancorp DE purchased a new stake in shares of Applied Digital in the 4th quarter valued at about $37,000. Jones Financial Companies Lllp acquired a new stake in shares of Applied Digital in the 4th quarter valued at about $39,000. Finally, Spire Wealth Management purchased a new position in Applied Digital during the 4th quarter worth approximately $43,000. 65.67% of the stock is owned by institutional investors and hedge funds.
Applied Digital Stock Performance
NASDAQ APLD traded up $0.14 on Friday, hitting $4.68. 36,362,575 shares of the company's stock were exchanged, compared to its average volume of 28,744,100. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of -2.71 and a beta of 5.18. The firm's 50-day moving average price is $6.44 and its two-hundred day moving average price is $7.68. Applied Digital Co. has a fifty-two week low of $2.63 and a fifty-two week high of $12.48. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.77 and a quick ratio of 0.77.
Applied Digital (NASDAQ:APLD - Get Free Report) last issued its earnings results on Monday, April 14th. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.05). The company had revenue of $52.92 million for the quarter, compared to analysts' expectations of $62.91 million. Applied Digital had a negative return on equity of 117.67% and a negative net margin of 127.86%. During the same quarter in the previous year, the firm posted ($0.24) earnings per share. On average, research analysts expect that Applied Digital Co. will post -0.96 EPS for the current year.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on APLD shares. Compass Point assumed coverage on Applied Digital in a research note on Tuesday, January 28th. They issued a "buy" rating and a $10.00 price objective for the company. Cantor Fitzgerald decreased their price target on shares of Applied Digital from $14.00 to $7.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. HC Wainwright dropped their price objective on shares of Applied Digital from $12.00 to $7.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. Needham & Company LLC reiterated a "buy" rating and set a $10.00 target price on shares of Applied Digital in a research note on Wednesday. Finally, Northland Securities raised their price target on Applied Digital from $12.00 to $20.00 and gave the stock an "outperform" rating in a report on Tuesday, February 4th. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Applied Digital presently has an average rating of "Buy" and an average price target of $10.67.
View Our Latest Stock Report on Applied Digital
Applied Digital Company Profile
(
Free Report)
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.
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