Northland Capmk Weighs in on Applied Digital Q3 Earnings

Applied Digital Co. (NASDAQ:APLD - Free Report) - Northland Capmk upped their Q3 2025 earnings estimates for shares of Applied Digital in a research note issued on Wednesday, January 15th. Northland Capmk analyst M. Grondahl now anticipates that the company will earn ($0.13) per share for the quarter, up from their prior forecast of ($0.16). The consensus estimate for Applied Digital's current full-year earnings is ($0.80) 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.

Applied Digital (NASDAQ:APLD - Get Free Report) last announced its quarterly earnings results on Tuesday, January 14th. The company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.14) by $0.08. The company had revenue of $63.87 million during the quarter, compared to analyst estimates of $62.41 million. Applied Digital had a negative return on equity of 117.67% and a negative net margin of 127.86%. The firm's revenue was up 51.3% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.05) earnings per share.

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

Applied Digital Stock Up 5.7 %

Applied Digital stock traded up $0.51 during trading on Monday, reaching $9.41. 22,262,844 shares of the company's stock were exchanged, compared to its average volume of 24,268,336. The firm has a market cap of $2.10 billion, a price-to-earnings ratio of -5.44 and a beta of 4.78. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.77 and a current ratio of 0.77. Applied Digital has a 52-week low of $2.36 and a 52-week high of $11.25. The company's 50-day moving average is $8.84 and its two-hundred day moving average is $7.00.

Institutional Investors Weigh In On Applied Digital

Institutional investors and hedge funds have recently modified their holdings of the business. Hood River Capital Management LLC raised its holdings in Applied Digital by 8.7% during the second quarter. Hood River Capital Management LLC now owns 9,596,231 shares of the company's stock valued at $57,098,000 after buying an additional 771,699 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Applied Digital by 48.7% during the 3rd quarter. Geode Capital Management LLC now owns 3,061,160 shares of the company's stock valued at $25,258,000 after acquiring an additional 1,002,862 shares during the last quarter. State Street Corp lifted its holdings in Applied Digital by 14.0% in the 3rd quarter. State Street Corp now owns 2,337,267 shares of the company's stock worth $19,282,000 after purchasing an additional 286,852 shares during the last quarter. Royce & Associates LP boosted its position in Applied Digital by 1.4% during the third quarter. Royce & Associates LP now owns 1,132,140 shares of the company's stock worth $9,340,000 after purchasing an additional 15,763 shares during the period. Finally, Exchange Traded Concepts LLC lifted its stake in shares of Applied Digital by 37.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 1,002,090 shares of the company's stock worth $7,656,000 after buying an additional 273,666 shares during the last quarter. Institutional investors and hedge funds own 65.67% of the company's stock.

Insider Buying and Selling at Applied Digital

In other Applied Digital news, CEO Wes Cummins sold 200,000 shares of the business'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 transaction, the chief executive officer now 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Richard N. Nottenburg sold 50,000 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 $460,000.00. Following the sale, the director now directly owns 334,317 shares of the company's stock, valued at $3,075,716.40. This trade represents a 13.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 269,369 shares of company stock valued at $2,445,461 in the last 90 days. 11.81% of the stock is currently owned by corporate insiders.

Applied Digital Company Profile

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.