JMP Securities Begins Coverage on GDS (NASDAQ:GDS)

JMP Securities initiated coverage on shares of GDS (NASDAQ:GDS) in a research note published on Monday morning, MarketBeat.com reports. The firm issued an outperform rating and a $35.00 target price on the stock.

Separately, Royal Bank of Canada reiterated an “outperform” rating and issued a $26.00 price objective on shares of GDS in a research note on Thursday, December 5th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, GDS has an average rating of “Moderate Buy” and a consensus price target of $22.60.

GDS Price Performance

Shares of NASDAQ:GDS opened at $21.24 on Monday. The firm’s 50 day moving average price is $21.54 and its 200-day moving average price is $18.76. GDS has a twelve month low of $5.01 and a twelve month high of $29.17. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 2.25. The stock has a market capitalization of $4.05 billion, a PE ratio of -6.96 and a beta of 0.13.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Blue Trust Inc. grew its holdings in shares of GDS by 1,558.3% in the third quarter. Blue Trust Inc. now owns 2,504 shares of the company’s stock valued at $51,000 after purchasing an additional 2,353 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in GDS in the third quarter worth $64,000. Signaturefd LLC lifted its position in GDS by 17.3% in the third quarter. Signaturefd LLC now owns 8,221 shares of the company’s stock worth $168,000 after buying an additional 1,215 shares during the last quarter. Brookfield Corp ON bought a new stake in GDS in the third quarter worth $171,000. Finally, Vanguard Personalized Indexing Management LLC bought a new stake in GDS in the second quarter worth $108,000. 33.71% of the stock is owned by hedge funds and other 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.