GDS (NASDAQ:GDS) Shares Gap Down – What’s Next?

GDS Holdings Limited (NASDAQ:GDS)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $38.05, but opened at $36.22. GDS shares last traded at $32.55, with a volume of 2,297,608 shares trading hands.

Analysts Set New Price Targets

Several analysts recently issued reports on GDS shares. StockNews.com downgraded GDS from a “hold” rating to a “sell” rating in a report on Friday. Citizens Jmp upgraded GDS to a “strong-buy” rating in a report on Monday, January 27th. Daiwa Capital Markets upgraded GDS from a “neutral” rating to a “buy” rating in a report on Tuesday, February 11th. Raymond James lifted their price objective on shares of GDS from $25.00 to $53.00 and gave the company an “outperform” rating in a research note on Friday, February 21st. Finally, JMP Securities assumed coverage on shares of GDS in a research note on Monday, January 27th. They issued an “outperform” rating and a $35.00 target price for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, GDS presently has an average rating of “Moderate Buy” and a consensus price target of $33.23.

GDS Stock Performance

The company has a market capitalization of $6.12 billion, a price-to-earnings ratio of -10.55 and a beta of 0.12. The company’s fifty day simple moving average is $28.10 and its two-hundred day simple moving average is $22.61. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.19 and a current ratio of 1.19.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. abrdn plc lifted its stake in GDS by 11.3% during the third quarter. abrdn plc now owns 265,500 shares of the company’s stock worth $5,416,000 after purchasing an additional 26,900 shares during the last quarter. GSA Capital Partners LLP bought a new position in shares of GDS in the 3rd quarter worth about $544,000. Sumitomo Mitsui Trust Group Inc. bought a new stake in shares of GDS during the 3rd quarter valued at about $544,000. Central Asset Investments & Management Holdings HK Ltd bought a new stake in shares of GDS during the 3rd quarter valued at about $245,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in GDS during the third quarter worth about $1,001,000. Institutional investors 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.