GDS (NASDAQ:GDS) Shares Gap Up to $16.12

GDS Holdings Limited (NASDAQ:GDS) gapped up before the market opened on Tuesday . The stock had previously closed at $16.12, but opened at $16.64. GDS shares last traded at $17.78, with a volume of 407,706 shares trading hands.

Analyst Ratings Changes

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

GDS Price Performance

The firm has a market capitalization of $3.43 billion, a price-to-earnings ratio of -5.57 and a beta of 0.23. The business has a 50-day moving average price of $13.43 and a two-hundred day moving average price of $9.95. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 2.30.

GDS (NASDAQ:GDS) last posted its earnings results on Wednesday, August 21st. The company reported ($0.18) 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 firm had revenue of $388.92 million for the quarter, compared to analysts’ expectations of $384.14 million. As a group, research analysts forecast that GDS Holdings Limited will post -1.14 EPS for the current year.

Institutional Investors Weigh In On GDS

Institutional investors and hedge funds have recently modified their holdings of the stock. Baupost Group LLC MA acquired a new position in GDS in the 1st quarter worth approximately $17,290,000. Goldman Sachs Group Inc. boosted its position in GDS by 16.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 5,404,486 shares of the company’s stock worth $49,289,000 after acquiring an additional 773,378 shares during the period. Farallon Capital Management LLC purchased a new position in GDS during the 1st quarter valued at about $4,722,000. Wellington Management Group LLP increased its holdings in shares of GDS by 258.1% in the 4th quarter. Wellington Management Group LLP now owns 608,625 shares of the company’s stock valued at $5,551,000 after purchasing an additional 438,661 shares during the period. Finally, Bamco Inc. NY purchased a new stake in shares of GDS in the first quarter worth approximately $2,896,000. Institutional investors and hedge funds own 33.71% of the company’s stock.

GDS Company Profile

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.