GDS (NASDAQ:GDS) Shares Gap Up to $6.77

GDS Holdings Limited (NASDAQ:GDS) shares gapped up prior to trading on Wednesday . The stock had previously closed at $6.77, but opened at $7.06. GDS shares last traded at $7.06, with a volume of 235,445 shares changing hands.

Wall Street Analysts Forecast Growth

GDS has been the subject of several recent research reports. StockNews.com upgraded GDS to a “sell” rating in a research note on Thursday, March 21st. JPMorgan Chase & Co. reduced their price target on GDS from $12.00 to $7.00 and set a “neutral” rating for the company in a research note on Thursday, March 28th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, GDS presently has a consensus rating of “Hold” and a consensus target price of $15.69.

GDS Trading Up 5.8 %

The business has a 50-day moving average price of $6.98 and a two-hundred day moving average price of $8.18. The stock has a market capitalization of $1.36 billion, a P/E ratio of -2.15 and a beta of 0.40. The company has a current ratio of 1.32, a quick ratio of 1.52 and a debt-to-equity ratio of 1.92.

GDS (NASDAQ:GDS) last released its earnings results on Tuesday, March 26th. The company reported ($0.62) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.39) by ($0.23). The company had revenue of $360.07 million for the quarter, compared to the consensus estimate of $363.21 million. GDS had a negative net margin of 43.25% and a negative return on equity of 8.90%. On average, analysts expect that GDS Holdings Limited will post -1.28 EPS for the current fiscal year.

Institutional Trading of GDS

Several institutional investors and hedge funds have recently modified their holdings of GDS. Cerity Partners LLC acquired a new position in GDS in the 4th quarter worth about $13,928,000. Goldman Sachs Group Inc. increased its holdings in GDS by 16.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 5,404,486 shares of the company’s stock worth $49,289,000 after purchasing an additional 773,378 shares in the last quarter. Pacer Advisors Inc. acquired a new position in GDS in the 4th quarter worth about $6,952,000. Massachusetts Financial Services Co. MA increased its holdings in GDS by 76.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,630,386 shares of the company’s stock worth $17,853,000 after purchasing an additional 707,149 shares in the last quarter. Finally, Wellington Management Group LLP increased its holdings in GDS by 258.1% in the 4th quarter. Wellington Management Group LLP now owns 608,625 shares of the company’s stock worth $5,551,000 after purchasing an additional 438,661 shares in the last quarter. 33.71% of the stock is currently owned by institutional investors.

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.