<div id="readability-page-1"><p>Applied Digital Co. (NASDAQ:APLD - Get Free Report)'s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $5.26, but opened at $5.74. Applied Digital shares last traded at $5.53, with a volume of 2,011,535 shares.</p><div><p><span></span><span>Get <strong>Applied Digital</strong> alerts:</span></p></div><h2>Analysts Set New Price Targets</h2><ul><li>Volatility in Applied Digital May Create an Entry Opportunity</li></ul><p>Several equities research analysts have recently commented on the stock. Compass Point started coverage on shares of Applied Digital in a report on Tuesday, January 28th. They issued a &#34;buy&#34; rating and a $10.00 price target for the company. Needham &amp; Company LLC  restated a &#34;buy&#34; rating and set a $11.00 target price on shares of Applied Digital in a report on Monday, February 24th. Northland Securities lifted their price target on Applied Digital from $12.00 to $20.00 and gave the company an &#34;outperform&#34; rating in a report on Tuesday, February 4th. HC Wainwright raised their target price on shares of Applied Digital from $10.00 to $12.00 and gave the company a &#34;buy&#34; rating in a research note on Wednesday, January 15th. Finally, Cantor Fitzgerald cut their price target on shares of Applied Digital from $15.00 to $14.00 and set an &#34;overweight&#34; rating on the stock in a research note on Wednesday, January 15th. Nine research analysts have rated the stock with a buy rating,  According to data from MarketBeat.com, the stock presently has an average rating of &#34;Buy&#34; and an average target price of $12.11.</p><p><b>Read Our Latest Research Report on Applied Digital</b></p><h2>Applied Digital Trading Down 7.1 %</h2><ul><li>MarketBeat Week in Review – 9/9 - 9/13</li></ul><p>The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 1.22. The company's 50-day moving average is $7.25 and its 200 day moving average is $7.95. The company has a market cap of $1.14 billion, a price-to-earnings ratio of -2.97 and a beta of 5.18. </p><p>Applied Digital (NASDAQ:APLD - Get Free Report) last announced its quarterly earnings results on Tuesday, January 14th. The company reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.14) by $0.08. The firm had revenue of $63.87 million during the quarter, compared to analyst estimates of $62.41 million. Applied Digital had a negative return on equity of 117.67% and a negative net margin of 127.86%. Applied Digital's revenue for the quarter was up 51.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.05) EPS.  Research analysts predict that  Applied Digital Co. will post -0.96 EPS for the current year. </p><h2>Insider Activity</h2><ul><li>Is Applied Digital's Stock Set to Surge With NVIDIA's Backing?</li></ul><p>In other Applied Digital news, Director Richard N. Nottenburg sold 20,000 shares of the company's stock in a transaction on Friday, January 17th. The shares were sold at an average price of $8.85, for a total transaction of $177,000.00. Following the completion of the transaction, the director now directly owns 342,923 shares in the company, valued at approximately $3,034,868.55. This represents a 5.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own  11.81% of the company's stock. </p><h2>Institutional Trading of Applied Digital</h2><p>A number of institutional investors and hedge funds have recently modified their holdings of the stock. Lbmc Investment Advisors LLC acquired a new stake in  Applied Digital during the 1st quarter worth $67,000.  Fiduciary Alliance LLC acquired a new position in  Applied Digital during the first quarter worth about $267,000.  Rhumbline Advisers grew its stake in  Applied Digital by 7.8% during the 1st quarter. Rhumbline Advisers now owns 279,191 shares of the company's stock valued at $1,569,000 after acquiring an additional 20,299 shares in the last quarter.  GAMMA Investing LLC grew its stake in  Applied Digital by 1,237.4% during the 1st quarter. GAMMA Investing LLC now owns 9,576 shares of the company's stock valued at $540,000 after acquiring an additional 8,860 shares in the last quarter.  Finally, California State Teachers Retirement System raised its holdings in  Applied Digital by 65.6% in the 4th quarter. California State Teachers Retirement System now owns 162,561 shares of the company's stock valued at $1,242,000 after acquiring an additional 64,425 shares during the last quarter. Hedge funds and other institutional investors own  65.67% of the company's stock. </p><h2>About Applied Digital</h2> (Get Free Report)<p>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.</p><h2>Further Reading</h2><ul><li>Five stocks we like better than Applied Digital</li><li>Want to Profit on the Downtrend? Downtrends, Explained.</li><li>Joby Aviation: Operational Momentum vs. Market Sentiment</li><li>How to Invest in Small Cap Stocks </li><li>Broadcom's Big Outperformance Shows Strength Amid Tariff Decline</li><li>Unveiling The Power Of VWAP: A Key Indicator For Traders</li><li>Carvana: Can Turnaround Strength Outdrive Market Headwinds?</li></ul><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Applied Digital Right Now?</h2><p>Before you consider Applied Digital, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Applied Digital wasn't on the list.</p><p>While Applied Digital currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

APLD

<p>Applied Digital (NASDAQ:APLD) shares gapped up from $5.26 to $5.74 before trading at $5.53. Analysts have set new price targets, with Compass Point at $10.00 and Needham & Company at $11.00. The company reported a quarterly EPS of ($0.06), beating estimates, with revenue up 51.3% year-over-year. Insider Richard N. Nottenburg sold 20,000 shares, reducing ownership to 342,923 shares. Institutional investors hold 65.67% of the stock. Applied Digital operates datacenters providing digital infrastructure solutions for high-performance computing and AI services.</p>

Applied Digital (NASDAQ:APLD) Shares Gap Up - Should You Buy?