3 days Ago By ABMN Staff
Applied Digital ( NASDAQ:APLD – Free Report ) had its price objective lifted by B. Riley from $8.00 to $9.
00 in a report released on Friday, Benzinga reports. They currently have a buy rating on the stock. Several other equities analysts have also recently weighed in on APLD.
Needham & Company LLC reaffirmed a buy rating and issued a $11.00 price target on shares of Applied Digital in a research report on Monday, September 9th. HC Wainwright reaffirmed a buy rating and set a $5.
00 target price on shares of Applied Digital in a research report on Thursday, August 29th. Finally, Roth Mkm reissued a buy rating and issued a $10.00 price target on shares of Applied Digital in a research report on Thursday, September 5th.
Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Applied Digital presently has a consensus rating of Buy and an average target price of $8.40. Read Our Latest Stock Report on APLD Applied Digital Stock Performance Applied Digital ( NASDAQ:APLD – Get Free Report ) last issued its quarterly earnings data on Wednesday, August 28th.
The company reported ($0.52) earnings per share for the quarter, missing the consensus estimate of ($0.23) by ($0.
29). The business had revenue of $43.70 million during the quarter, compared to the consensus estimate of $42.
70 million. Applied Digital had a negative return on equity of 111.80% and a negative net margin of 88.
95%. During the same period in the prior year, the firm earned ($0.07) EPS.
On average, equities research analysts predict that Applied Digital will post -1.02 earnings per share for the current year. Insider Activity In other Applied Digital news, Director Douglas S.
Miller sold 10,000 shares of the company’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $5.50, for a total value of $55,000.
00. Following the completion of the transaction, the director now directly owns 218,506 shares in the company, valued at approximately $1,201,783. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website .
Insiders own 20.50% of the company’s stock. Institutional Trading of Applied Digital A number of hedge funds and other institutional investors have recently modified their holdings of the business.
Principal Financial Group Inc. bought a new stake in Applied Digital in the first quarter worth $50,000. Headlands Technologies LLC lifted its stake in Applied Digital by 381.
8% during the 2nd quarter. Headlands Technologies LLC now owns 8,749 shares of the company’s stock valued at $52,000 after acquiring an additional 6,933 shares during the period. ARS Investment Partners LLC purchased a new stake in shares of Applied Digital during the 2nd quarter valued at about $60,000.
Capstone Investment Advisors LLC bought a new stake in shares of Applied Digital in the fourth quarter worth approximately $78,000. Finally, ICA Group Wealth Management LLC purchased a new position in shares of Applied Digital during the fourth quarter valued at approximately $81,000. 65.
67% of the stock is owned by hedge funds and other institutional investors. About Applied Digital ( Get Free Report ) 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. See Also Receive News & Ratings for Applied Digital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Applied Digital and related companies with MarketBeat.com's FREE daily email newsletter .
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