Q3 EPS Estimates for Applied Digital Lifted by Analyst

Applied Digital Co. (NASDAQ:APLD - Free Report) - Investment analysts at Northland Capmk increased their Q3 2025 earnings per share (EPS) estimates for shares of Applied Digital in a research report issued to clients and investors on Wednesday, January 15th. Northland Capmk analyst M. Grondahl now expects that the company will earn ($0.13) per share for the quarter, up from their prior estimate of ($0.16). The consensus estimate for Applied Digital's current full-year earnings is ($0.40) per share. Northland Capmk also issued estimates for Applied Digital's Q4 2025 earnings at ($0.13) EPS and FY2025 earnings at ($1.00) EPS.

Several other research firms have also commented on APLD. Lake Street Capital boosted their price objective on shares of Applied Digital from $7.00 to $11.00 and gave the stock a "buy" rating in a research note on Thursday, October 10th. HC Wainwright upped their price target on Applied Digital from $10.00 to $12.00 and gave the stock a "buy" rating in a research note on Wednesday, January 15th. Cantor Fitzgerald reduced their price objective on Applied Digital from $15.00 to $14.00 and set an "overweight" rating for the company in a research report on Wednesday, January 15th. Roth Mkm reissued a "buy" rating and issued a $10.00 target price on shares of Applied Digital in a report on Thursday, October 10th. Finally, Craig Hallum raised their price target on Applied Digital from $10.00 to $12.00 and gave the company a "buy" rating in a report on Thursday, October 10th. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Applied Digital currently has a consensus rating of "Buy" and a consensus target price of $11.29.

Applied Digital Stock Down 0.9 %

Shares of NASDAQ:APLD traded down $0.08 during midday trading on Monday, reaching $8.90. The company's stock had a trading volume of 23,061,663 shares, compared to its average volume of 13,653,270. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 0.62. The firm has a 50 day moving average of $8.84 and a 200-day moving average of $7.00. The firm has a market capitalization of $1.88 billion, a P/E ratio of -7.61 and a beta of 4.78. Applied Digital has a 12-month low of $2.36 and a 12-month high of $11.25.

Applied Digital (NASDAQ:APLD - Get Free Report) last issued its quarterly earnings results on Tuesday, January 14th. The company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.14) by $0.08. The company had revenue of $63.87 million for the quarter, compared to analysts' expectations of $62.41 million. Applied Digital had a negative return on equity of 88.87% and a negative net margin of 74.95%. The firm's revenue for the quarter was up 51.3% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.05) earnings per share.

Insider Buying and Selling

In other Applied Digital news, Director Richard N. Nottenburg sold 19,369 shares of the stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $7.51, for a total value of $145,461.19. Following the transaction, the director now owns 384,317 shares of the company's stock, valued at approximately $2,886,220.67. This represents a 4.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Wes Cummins sold 200,000 shares of the firm's stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $9.20, for a total value of $1,840,000.00. Following the completion of the transaction, the chief executive officer now directly owns 3,875,955 shares in the company, valued at $35,658,786. The trade was a 4.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 269,369 shares of company stock worth $2,445,461. 11.81% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Applied Digital

Several institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC grew its holdings in Applied Digital by 414.5% during the fourth quarter. SG Americas Securities LLC now owns 265,792 shares of the company's stock valued at $2,031,000 after purchasing an additional 214,133 shares during the period. Dakota Wealth Management bought a new position in Applied Digital in the 4th quarter worth $115,000. Nisa Investment Advisors LLC boosted its holdings in Applied Digital by 16.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 11,774 shares of the company's stock worth $90,000 after buying an additional 1,692 shares during the period. SeaCrest Wealth Management LLC purchased a new stake in Applied Digital in the 4th quarter worth $586,000. Finally, Gunderson Capital Management Inc. bought a new stake in Applied Digital during the fourth quarter valued at about $83,000. Institutional investors own 65.67% of the company's stock.

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.