Roth Capital Forecasts Higher Earnings for Applied Digital

Applied Digital Co. (NASDAQ:APLD - Free Report) - Roth Capital boosted their Q2 2026 EPS estimates for Applied Digital in a report released on Wednesday, January 15th. Roth Capital analyst D. Aftahi now anticipates that the company will post earnings per share of $0.01 for the quarter, up from their prior forecast of ($0.01). The consensus estimate for Applied Digital's current full-year earnings is ($0.40) per share.

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

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

Applied Digital Trading Down 0.8 %

Shares of APLD stock traded down $0.07 on Friday, reaching $8.91. The company had a trading volume of 19,467,223 shares, compared to its average volume of 24,098,557. The company has a 50-day moving average of $8.79 and a 200-day moving average of $6.96. Applied Digital has a 12 month low of $2.36 and a 12 month high of $11.25. The stock has a market cap of $1.99 billion, a PE ratio of -7.62 and a beta of 4.78. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 0.62.

Insider Transactions at Applied Digital

In other Applied Digital news, Director Richard N. Nottenburg sold 19,369 shares of the stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $7.51, for a total value of $145,461.19. Following the completion of the sale, the director now owns 384,317 shares in the company, valued at $2,886,220.67. This trade represents a 4.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Wes Cummins sold 200,000 shares of Applied Digital 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 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. Insiders have sold a total of 269,369 shares of company stock valued at $2,445,461 over the last 90 days. 11.81% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its position in shares of Applied Digital by 36.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 899,293 shares of the company's stock worth $7,419,000 after purchasing an additional 240,554 shares in the last quarter. Quadrature Capital Ltd bought a new position in Applied Digital during the 3rd quarter worth $545,000. Barclays PLC raised its holdings in Applied Digital by 736.8% in the 3rd quarter. Barclays PLC now owns 486,577 shares of the company's stock valued at $4,014,000 after acquiring an additional 428,428 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of Applied Digital during the 3rd quarter valued at $2,030,000. Finally, B. Riley Wealth Advisors Inc. grew its holdings in shares of Applied Digital by 66.1% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 774,655 shares of the company's stock worth $4,609,000 after purchasing an additional 308,223 shares in the last quarter. 65.67% of the stock is owned by institutional investors and hedge funds.

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.