2 weeks Ago By ABMN Staff
Applied Digital Co. ( NASDAQ:APLD – Get Free Report ) reached a new 52-week high on Friday . The company traded as high as $8.
71 and last traded at $8.69, with a volume of 5388641 shares changing hands. The stock had previously closed at $8.
25. Analyst Upgrades and Downgrades Several equities research analysts recently weighed in on APLD shares. Needham & Company LLC restated a “buy” rating and set a $11.
00 target price on shares of Applied Digital in a report on Monday, September 9th. Roth Mkm reissued a “buy” rating and set a $10.00 price objective on shares of Applied Digital in a research note on Thursday, September 5th.
HC Wainwright reiterated a “buy” rating and set a $5.00 price target on shares of Applied Digital in a report on Thursday, August 29th. Finally, B.
Riley raised their price target on shares of Applied Digital from $8.00 to $9.00 and gave the stock a “buy” rating in a report on Friday, September 13th.
Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $8.40.
Check Out Our Latest Research Report on APLD Applied Digital Stock Performance Applied Digital ( NASDAQ:APLD – Get Free Report ) last posted its earnings results on Wednesday, August 28th. The company reported ($0.52) EPS for the quarter, missing the consensus estimate of ($0.
23) by ($0.29). Applied Digital had a negative return on equity of 111.
80% and a negative net margin of 88.95%. The company had revenue of $43.
70 million during the quarter, compared to analysts’ expectations of $42.70 million. During the same period in the prior year, the business posted ($0.
07) earnings per share. On average, equities analysts predict that Applied Digital Co. will post -1.
12 EPS for the current year. Insider Buying and Selling at Applied Digital In other news, Director Douglas S. Miller sold 10,000 shares of the stock in a transaction that occurred on Thursday, September 5th.
The stock was 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 owns 218,506 shares of the company’s stock, valued at approximately $1,201,783. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink . 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 during the first quarter worth about $50,000. Headlands Technologies LLC increased its position 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 buying an additional 6,933 shares in the last quarter. ARS Investment Partners LLC bought a new position in Applied Digital during the 2nd quarter valued at approximately $60,000. Capstone Investment Advisors LLC bought a new stake in Applied Digital in the fourth quarter worth $78,000.
Finally, ICA Group Wealth Management LLC purchased a new stake in shares of Applied Digital in the fourth quarter worth $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.
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