Applied Digital Q3 EPS Estimate Decreased by HC Wainwright

Applied Digital Co. (NASDAQ:APLD - Free Report) - Equities research analysts at HC Wainwright lowered their Q3 2025 earnings per share (EPS) estimates for shares of Applied Digital in a research note issued to investors on Wednesday, January 15th. HC Wainwright analyst K. Dede now expects that the company will earn ($0.15) per share for the quarter, down from their previous forecast of ($0.08). HC Wainwright currently has a "Buy" rating and a $12.00 target price on the stock. The consensus estimate for Applied Digital's current full-year earnings is ($0.40) per share. HC Wainwright also issued estimates for Applied Digital's Q4 2025 earnings at ($0.15) EPS, FY2025 earnings at ($1.08) EPS and FY2026 earnings at ($0.49) EPS.

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

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

Applied Digital Trading Down 0.9 %

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Commonwealth Equity Services LLC increased its holdings in shares of Applied Digital by 115.7% during the second quarter. Commonwealth Equity Services LLC now owns 66,688 shares of the company's stock valued at $397,000 after acquiring an additional 35,768 shares in the last quarter. Rhumbline Advisers increased its stake in Applied Digital by 30.0% during the 2nd quarter. Rhumbline Advisers now owns 140,087 shares of the company's stock valued at $834,000 after purchasing an additional 32,336 shares in the last quarter. Hood River Capital Management LLC raised its holdings in shares of Applied Digital by 8.7% in the second quarter. Hood River Capital Management LLC now owns 9,596,231 shares of the company's stock worth $57,098,000 after buying an additional 771,699 shares during the last quarter. Marshall Wace LLP acquired a new stake in shares of Applied Digital during the second quarter worth $720,000. Finally, Alight Capital Management LP purchased a new stake in shares of Applied Digital during the second quarter valued at $3,570,000. Hedge funds and other institutional investors own 65.67% of the company's stock.

Insider Activity at Applied Digital

In other Applied Digital news, Director Richard N. Nottenburg sold 19,369 shares of the firm's stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $7.51, for a total transaction 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 trade represents a 4.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Wes Cummins sold 200,000 shares of the company's stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $9.20, for a total transaction of $1,840,000.00. Following the completion of the sale, the chief executive officer now directly owns 3,875,955 shares of the company's stock, valued at $35,658,786. The trade was a 4.91 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 269,369 shares of company stock worth $2,445,461. Company insiders own 11.81% 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.