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

GDS Holdings Limited (NASDAQ:GDS - Get Free Report) gapped up before the market opened on Friday . The stock had previously closed at $21.16, but opened at $22.64. GDS shares last traded at $21.92, with a volume of 290,510 shares trading hands.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on GDS. Royal Bank of Canada boosted their price objective on shares of GDS from $14.00 to $26.00 and gave the company an "outperform" rating in a report on Monday. Nomura Securities raised GDS to a "strong-buy" rating in a report on Monday, August 26th. Finally, Bank of America raised their price target on GDS from $12.40 to $22.40 and gave the stock a "buy" rating in a research note on Tuesday, August 27th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $18.29.

GDS Trading Up 1.9 %

The stock's fifty day simple moving average is $18.02 and its 200 day simple moving average is $12.18. The firm has a market capitalization of $4.11 billion, a PE ratio of -6.72 and a beta of 0.24. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 2.30.

GDS (NASDAQ:GDS - Get Free Report) last posted its quarterly earnings data on Wednesday, August 21st. The company reported ($0.18) EPS for the quarter, topping the consensus estimate of ($0.25) by $0.07. The firm had revenue of $388.92 million during the quarter, compared to analyst estimates of $384.14 million. GDS had a negative return on equity of 9.10% and a negative net margin of 39.96%. On average, sell-side analysts predict that GDS Holdings Limited will post -1.14 earnings per share for the current year.

Institutional Investors Weigh In On GDS

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Blue Trust Inc. raised its holdings in GDS by 1,558.3% during the third quarter. Blue Trust Inc. now owns 2,504 shares of the company's stock valued at $51,000 after acquiring an additional 2,353 shares during the period. Quadrature Capital Ltd bought a new stake in GDS during the 4th quarter valued at approximately $107,000. Vanguard Personalized Indexing Management LLC purchased a new position in GDS in the 2nd quarter worth approximately $108,000. Capstone Investment Advisors LLC bought a new position in GDS in the 1st quarter worth approximately $188,000. Finally, Marshall Wace LLP purchased a new stake in GDS during the 2nd quarter valued at approximately $203,000. Institutional investors own 33.71% of the company's stock.

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.