<div id="readability-page-1"><p><span>Applied Digital (NASDAQ:APLD - Get Free Report)</span> had its target price upped by stock analysts at Needham &amp; Company LLC  from $21.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a &#34;buy&#34; rating on the stock.</p><div><p><span></span><span>Get <strong>Applied Digital</strong> alerts:</span></p></div><ul><li>The Applied Digital Breakout Is Only the Beginning </li></ul><p>APLD has been the subject of several other reports. Craig Hallum upped their price target on Applied Digital from $12.00 to $23.00 and gave the stock a &#34;buy&#34; rating in a research note on Monday, August 18th. HC Wainwright increased their price target on Applied Digital from $15.00 to $20.00 and gave the company a &#34;buy&#34; rating in a research note on Monday, August 25th. Compass Point started coverage on Applied Digital in a report on Monday, September 15th. They set a &#34;buy&#34; rating for the company. Weiss Ratings  reaffirmed a &#34;sell (d-)&#34; rating on shares of Applied Digital in a report on Wednesday. Finally, Citigroup  reaffirmed an &#34;outperform&#34; rating on shares of Applied Digital in a report on Thursday. One equities research analyst  has rated the stock with a Strong Buy rating, eleven have given a Buy rating and one  has assigned  a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of &#34;Moderate Buy&#34; and an average price target of $16.20.</p><p><b>Check Out Our Latest Analysis on APLD</b></p><h2>Applied Digital Price Performance</h2><ul><li>MarketBeat Week in Review – 08/04 - 08/08</li></ul><p>APLD opened at $29.29 on Friday. Applied Digital has a 1 year low of $3.31 and a 1 year high of $29.98. The stock has a 50-day moving average price of $18.50 and a 200-day moving average price of $11.62. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.77 and a quick ratio of 0.77. The firm has a market cap of $8.02 billion, a PE ratio of -26.87 and a beta of 6.77. </p><p>Applied Digital (NASDAQ:APLD - Get Free Report) last issued its earnings results on Thursday, October 9th. The company reported ($0.03) earnings per share for the quarter, topping analysts' consensus estimates of ($0.11) by $0.08. The business had revenue of $38.01 million during the quarter, compared to analyst estimates of $52.25 million. Applied Digital had a negative return on equity of 50.03% and a negative net margin of 107.22%.Applied Digital's revenue was up 84.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.15) EPS.  Sell-side analysts predict that  Applied Digital will post -0.96 earnings per share for the current fiscal year. </p><h2>Insider Buying and Selling at Applied Digital</h2><ul><li>Applied Digital: Why a Surge in Bullish Bets Signals a New Era </li></ul><p>In other news, CFO Mohammad Saidal Lavanw Mohmand sold 75,000 shares of the stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $15.26, for a total transaction of $1,144,500.00. Following the transaction, the chief financial officer owned 201,800 shares of the company's stock, valued at approximately $3,079,468. This represents a 27.10% decrease in their position. The transaction was disclosed in a filing with the Securities &amp; Exchange Commission, which can be accessed through this link. Also, Director Richard N. Nottenburg sold 20,000 shares of the stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $15.26, for a total value of $305,200.00. Following the transaction, the director directly owned 297,987 shares in the company, valued at $4,547,281.62. The trade was a 6.29% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 506,250 shares of company stock valued at $7,713,675 in the last quarter. 9.50% of the stock is owned by insiders. </p><h2>Hedge Funds Weigh In On Applied Digital</h2><p>A number of hedge funds and other institutional investors have recently made changes to their positions in APLD. GAMMA Investing LLC grew its position in shares of  Applied Digital by 1,237.4% during the 1st quarter. GAMMA Investing LLC now owns 9,576 shares of the company's stock worth $540,000 after buying an additional 8,860 shares in the last quarter.  Rhumbline Advisers grew its position in shares of  Applied Digital by 7.8% during the 1st quarter. Rhumbline Advisers now owns 279,191 shares of the company's stock worth $1,569,000 after buying an additional 20,299 shares in the last quarter.  Wealth Enhancement Advisory Services LLC lifted its stake in shares of  Applied Digital by 29.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 13,778 shares of the company's stock worth $77,000 after purchasing an additional 3,127 shares during the last quarter.  Exchange Traded Concepts LLC lifted its stake in shares of  Applied Digital by 4.0% during the 1st quarter. Exchange Traded Concepts LLC now owns 1,042,035 shares of the company's stock worth $5,856,000 after purchasing an additional 39,945 shares during the last quarter.  Finally, Mayfair Advisory Group LLC purchased a new stake in shares of  Applied Digital during the 1st quarter worth $68,000. Institutional investors own  65.67% of the company's stock. </p><h2>Applied Digital Company Profile</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>Read More</h2><ul><li>Five stocks we like better than Applied Digital</li><li>What is a Low P/E Ratio and What Does it Tell Investors?</li><li>3 of the Most Overbought Stocks in the Market Right Now</li><li>Top Stocks Investing in 5G Technology</li><li>5 Stocks Congress Quietly Bought in Q3—Should You Follow?</li><li>What is the Nikkei 225 index?    </li><li>Why Amazon’s Prime Day May Be the Catalyst for a Year-End Rally</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9QVBMRA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="330" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9QVBMRA"/></p><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 Moderate 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>Needham & Company LLC raised the target price for Applied Digital (NASDAQ:APLD) from $21.00 to a new target of $0.00, maintaining a "buy" rating. Other analysts have also increased their price targets, with Craig Hallum setting it at $23.00 and HC Wainwright at $20.00. The stock has a consensus rating of "Moderate Buy" and an average price target of $16.20. Applied Digital reported a revenue increase of 84.3% year-over-year, with a market cap of $8.02 billion and a PE ratio of -26.87. Insiders have sold a total of 506,250 shares recently.</p>

Applied Digital (NASDAQ:APLD) Given New $0.00 Price Target at Needham & Company LLC