GDS (NASDAQ:GDS) Shares Gap Up to $20.83

Shares of GDS Holdings Limited (NASDAQ:GDS) gapped up before the market opened on Monday . The stock had previously closed at $20.83, but opened at $22.10. GDS shares last traded at $21.36, with a volume of 416,885 shares traded.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on GDS shares. Nomura Securities raised GDS to a “strong-buy” rating in a research note on Monday, August 26th. Bank of America increased their target price on shares of GDS from $12.40 to $22.40 and gave the stock a “buy” rating in a research note on Tuesday, August 27th. Finally, Royal Bank of Canada upgraded shares of GDS from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from $13.00 to $14.00 in a report on Monday, July 8th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $15.29.

GDS Price Performance

The stock’s 50 day simple moving average is $14.85 and its 200-day simple moving average is $10.76. The company has a market capitalization of $3.89 billion, a PE ratio of -6.49 and a beta of 0.24. The company has a debt-to-equity ratio of 2.30, a current ratio of 1.39 and a quick ratio of 1.39.

GDS (NASDAQ:GDS) last announced its quarterly earnings data on Wednesday, August 21st. The company reported ($0.18) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.25) by $0.07. GDS had a negative return on equity of 9.10% and a negative net margin of 39.96%. The business had revenue of $388.92 million for the quarter, compared to analysts’ expectations of $384.14 million. As a group, equities analysts forecast that GDS Holdings Limited will post -1.14 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Creative Planning increased its holdings in shares of GDS by 10.3% in the 2nd quarter. Creative Planning now owns 99,850 shares of the company’s stock valued at $928,000 after acquiring an additional 9,332 shares during the last quarter. Vanguard Personalized Indexing Management LLC purchased a new position in GDS in the second quarter valued at approximately $108,000. Quadrature Capital Ltd purchased a new position in GDS in the fourth quarter valued at approximately $107,000. Berylson Capital Partners LLC raised its holdings in GDS by 23.0% during the fourth quarter. Berylson Capital Partners LLC now owns 115,000 shares of the company’s stock worth $1,049,000 after purchasing an additional 21,500 shares in the last quarter. Finally, Marshall Wace LLP acquired a new position in shares of GDS in the 2nd quarter valued at $203,000. Institutional investors and hedge funds own 33.71% of the company’s stock.

About GDS

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.