GDS (NASDAQ:GDS) Now Covered by JMP Securities

Research analysts at JMP Securities began coverage on shares of GDS (NASDAQ:GDS) in a note issued to investors on Monday,Briefing.com Automated Import reports. The brokerage set an “outperform” rating and a $35.00 price target on the stock. JMP Securities’ target price would suggest a potential upside of 53.58% from the stock’s previous close.

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

GDS Trading Up 7.3 %

GDS stock opened at $22.79 on Monday. GDS has a one year low of $5.01 and a one year high of $29.17. The company has a market capitalization of $4.34 billion, a PE ratio of -7.47 and a beta of 0.13. The company’s 50 day moving average price is $21.54 and its two-hundred day moving average price is $18.72. 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 Trading of GDS

Institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. raised its stake in shares of GDS by 7,553.4% in the third quarter. JPMorgan Chase & Co. now owns 610,821 shares of the company’s stock worth $12,461,000 after purchasing an additional 602,840 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in GDS in the 3rd quarter worth about $27,212,000. Luxor Capital Group LP bought a new position in GDS during the 3rd quarter valued at about $9,993,000. GSA Capital Partners LLP bought a new stake in shares of GDS in the third quarter worth approximately $544,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of GDS in the third quarter worth approximately $1,001,000. 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.