GDS (NASDAQ:GDS) Now Covered by JMP Securities

JMP Securities started coverage on shares of GDS (NASDAQ:GDS) in a research report released on Monday morning, MarketBeat reports. The brokerage issued an outperform rating and a $35.00 price objective on the stock.

Separately, Royal Bank of Canada reiterated an “outperform” rating and set a $26.00 target price on shares of GDS in a research report on Thursday, December 5th. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $22.60.

GDS Stock Up 3.2 %

GDS stock opened at $22.66 on Monday. GDS has a one year low of $5.01 and a one year high of $29.17. The stock has a market capitalization of $4.32 billion, a P/E ratio of -7.43 and a beta of 0.13. The company has a 50 day moving average price of $21.54 and a two-hundred day moving average price of $18.90. 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 hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Personalized Indexing Management LLC purchased a new stake in GDS during the second quarter worth approximately $108,000. Marshall Wace LLP acquired a new position in shares of GDS during the 2nd quarter valued at $203,000. Cubist Systematic Strategies LLC boosted its position in GDS by 921.7% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 112,568 shares of the company’s stock worth $1,046,000 after purchasing an additional 126,268 shares during the period. Creative Planning increased its holdings in GDS by 10.3% in the 2nd quarter. Creative Planning now owns 99,850 shares of the company’s stock valued at $928,000 after purchasing an additional 9,332 shares in the last quarter. Finally, Swedbank AB lifted its stake in shares of GDS by 3.7% during the third quarter. Swedbank AB now owns 338,974 shares of the company’s stock worth $6,915,000 after purchasing an additional 12,100 shares in the last quarter. Institutional investors and hedge funds own 33.71% of the company’s stock.

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.