Roth Capital Predicts Increased Earnings for Applied Digital

Applied Digital Co. (NASDAQ:APLD) – Investment analysts at Roth Capital increased their Q2 2026 EPS estimates for shares of Applied Digital in a research report issued on Wednesday, January 15th. Roth Capital analyst D. Aftahi now anticipates that the company will earn $0.01 per share for the quarter, up from their prior estimate of ($0.01). The consensus estimate for Applied Digital’s current full-year earnings is ($0.40) per share.

Applied Digital (NASDAQ:APLD) last posted its earnings results on Tuesday, January 14th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.14) by $0.08. The firm had revenue of $63.87 million for the quarter, compared to the consensus estimate of $62.41 million. Applied Digital had a negative return on equity of 88.87% and a negative net margin of 74.95%. The business’s quarterly revenue was up 51.3% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.05) earnings per share.

Several other equities research analysts have also recently weighed in on APLD. HC Wainwright upped their price target on Applied Digital from $10.00 to $12.00 and gave the company a “buy” rating in a research report on Wednesday. Lake Street Capital increased their target price on shares of Applied Digital from $7.00 to $11.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Cantor Fitzgerald reduced their price target on shares of Applied Digital from $15.00 to $14.00 and set an “overweight” rating for the company in a research report on Wednesday. Needham & Company LLC reiterated a “buy” rating and issued a $11.00 price objective on shares of Applied Digital in a research report on Wednesday. Finally, Craig Hallum lifted their price objective on Applied Digital from $10.00 to $12.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $11.29.

Applied Digital Stock Performance

Shares of APLD opened at $8.90 on Friday. Applied Digital has a 52-week low of $2.36 and a 52-week high of $11.25. The stock’s 50-day simple moving average is $8.82 and its 200 day simple moving average is $6.98. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.22 and a current ratio of 0.22. The stock has a market capitalization of $1.98 billion, a price-to-earnings ratio of -7.61 and a beta of 4.78.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC lifted its holdings in shares of Applied Digital by 414.5% in the 4th quarter. SG Americas Securities LLC now owns 265,792 shares of the company’s stock worth $2,031,000 after acquiring an additional 214,133 shares during the last quarter. Dakota Wealth Management purchased a new position in Applied Digital in the 4th quarter worth $115,000. 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. SeaCrest Wealth Management LLC purchased a new stake in Applied Digital during the fourth quarter valued at about $586,000. Finally, Gunderson Capital Management Inc. bought a new position in shares of Applied Digital during the fourth quarter valued at about $83,000. 65.67% of the stock is currently owned by institutional investors.

Insider Activity

In other Applied Digital news, CEO Wes Cummins sold 200,000 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The stock was 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 in the company, valued at $35,658,786. This trade represents a 4.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Richard N. Nottenburg sold 19,369 shares of Applied Digital stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $7.51, for a total value of $145,461.19. Following the sale, the director now directly owns 384,317 shares of the company’s stock, valued at approximately $2,886,220.67. This trade represents a 4.80 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 269,369 shares of company stock worth $2,445,461. 11.81% of the stock is currently owned by corporate insiders.

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.