Northland Capmk Weighs in on Applied Digital Q3 Earnings

Applied Digital Co. (NASDAQ:APLD) – Stock analysts at Northland Capmk raised their Q3 2025 earnings estimates for shares of Applied Digital in a research report issued to clients and investors on Wednesday, January 15th. Northland Capmk analyst M. Grondahl now forecasts that the company will post earnings of ($0.13) per share for the quarter, up from their prior estimate of ($0.16). The consensus estimate for Applied Digital’s current full-year earnings is ($0.40) per share. Northland Capmk also issued estimates for Applied Digital’s Q4 2025 earnings at ($0.13) EPS and FY2025 earnings at ($1.00) EPS.

Applied Digital (NASDAQ:APLD) last issued its quarterly earnings data on Tuesday, January 14th. The company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.14) by $0.08. The company 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 88.87% and a negative net margin of 74.95%. Applied Digital’s revenue was up 51.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.05) earnings per share.

A number of other analysts have also recently commented on the stock. Lake Street Capital upped their target price on shares of Applied Digital from $7.00 to $11.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Cantor Fitzgerald decreased their target price on Applied Digital from $15.00 to $14.00 and set an “overweight” rating on the stock in a report on Wednesday, January 15th. HC Wainwright lifted their target price on Applied Digital from $10.00 to $12.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th. Roth Mkm restated a “buy” rating and issued a $10.00 price target on shares of Applied Digital in a research report on Thursday, October 10th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $11.00 price objective on shares of Applied Digital in a research report on Wednesday, January 15th. Seven research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $11.29.

Applied Digital Price Performance

NASDAQ APLD opened at $8.90 on Monday. The company has a 50-day moving average price of $8.82 and a 200-day moving average price of $6.99. Applied Digital has a 52 week low of $2.36 and a 52 week high of $11.25. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $1.88 billion, a P/E ratio of -7.61 and a beta of 4.78.

Insider Buying and Selling at Applied Digital

In related news, CEO Wes Cummins sold 200,000 shares of the company’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $9.20, for a total transaction of $1,840,000.00. Following the sale, the chief executive officer now owns 3,875,955 shares of the company’s stock, valued at $35,658,786. This represents a 4.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Richard N. Nottenburg sold 19,369 shares of Applied Digital stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $7.51, for a total transaction of $145,461.19. Following the completion of the transaction, the director now directly owns 384,317 shares of the company’s stock, valued at $2,886,220.67. The trade was a 4.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 269,369 shares of company stock worth $2,445,461. Insiders own 11.81% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in APLD. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Applied Digital in the third quarter valued at $59,000. Beacon Harbor Wealth Advisors Inc. bought a new position in Applied Digital during the 3rd quarter valued at about $83,000. Gunderson Capital Management Inc. purchased a new stake in Applied Digital in the 4th quarter worth about $83,000. Wealth Enhancement Advisory Services LLC bought a new stake in Applied Digital in the third quarter worth about $88,000. Finally, Nisa Investment Advisors LLC lifted its stake in Applied Digital by 16.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 11,774 shares of the company’s stock worth $90,000 after purchasing an additional 1,692 shares during the last quarter. Institutional investors own 65.67% of the company’s stock.

About Applied Digital

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.