HC Wainwright Predicts Weaker Earnings for Applied Digital

Applied Digital Co. (NASDAQ:APLD) – Stock analysts at HC Wainwright lowered their Q3 2025 earnings estimates for shares of Applied Digital in a report issued on Wednesday, January 15th. HC Wainwright analyst K. Dede now anticipates that the company will post earnings of ($0.15) per share for the quarter, down from their previous forecast of ($0.08). HC Wainwright currently has a “Buy” rating and a $12.00 target price on the stock. The consensus estimate for Applied Digital’s current full-year earnings is ($0.80) per share. HC Wainwright also issued estimates for Applied Digital’s Q4 2025 earnings at ($0.15) EPS, FY2025 earnings at ($1.08) EPS and FY2026 earnings at ($0.49) EPS.

APLD has been the subject of several other research reports. Lake Street Capital upped 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. Needham & Company LLC reiterated a “buy” rating and issued a $11.00 target price on shares of Applied Digital in a research note on Wednesday, January 15th. Craig Hallum upped their target price on shares of Applied Digital from $10.00 to $12.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Cantor Fitzgerald reduced their target price on shares of Applied Digital from $15.00 to $14.00 and set an “overweight” rating for the company in a research note on Wednesday, January 15th. Finally, Roth Mkm reiterated a “buy” rating and issued a $10.00 target price on shares of Applied Digital in a research note on Thursday, October 10th. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $11.29.

Applied Digital Stock Performance

Shares of APLD stock opened at $9.41 on Monday. The firm has a market capitalization of $2.10 billion, a PE ratio of -5.44 and a beta of 4.78. The firm has a fifty day simple moving average of $8.84 and a two-hundred day simple moving average of $7.00. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 1.22. Applied Digital has a 12 month low of $2.36 and a 12 month high of $11.25.

Applied Digital (NASDAQ:APLD) last announced its quarterly earnings results on Tuesday, January 14th. The company reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.08. The business had revenue of $63.87 million during the quarter, compared to analyst estimates of $62.41 million. Applied Digital had a negative net margin of 127.86% and a negative return on equity of 117.67%. Applied Digital’s quarterly revenue was up 51.3% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.05) EPS.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC grew its position in Applied Digital by 48.7% during the third quarter. Geode Capital Management LLC now owns 3,061,160 shares of the company’s stock valued at $25,258,000 after acquiring an additional 1,002,862 shares during the last quarter. Hood River Capital Management LLC grew its position in Applied Digital by 8.7% during the second quarter. Hood River Capital Management LLC now owns 9,596,231 shares of the company’s stock valued at $57,098,000 after acquiring an additional 771,699 shares during the last quarter. Alight Capital Management LP bought a new position in Applied Digital during the second quarter valued at approximately $3,570,000. Barclays PLC grew its position in Applied Digital by 736.8% during the third quarter. Barclays PLC now owns 486,577 shares of the company’s stock valued at $4,014,000 after acquiring an additional 428,428 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. grew its position in Applied Digital by 66.1% during the second quarter. B. Riley Wealth Advisors Inc. now owns 774,655 shares of the company’s stock valued at $4,609,000 after acquiring an additional 308,223 shares during the last quarter. 65.67% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Applied Digital

In other news, Director Richard N. Nottenburg sold 19,369 shares of the company’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $7.51, for a total transaction of $145,461.19. Following the sale, the director now directly owns 384,317 shares in the company, valued at $2,886,220.67. This represents a 4.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Wes Cummins sold 200,000 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $9.20, for a total value of $1,840,000.00. Following the sale, the chief executive officer now owns 3,875,955 shares in the company, valued at approximately $35,658,786. This represents a 4.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 269,369 shares of company stock valued at $2,445,461 over the last three months. 11.81% of the stock is currently owned by insiders.

Applied Digital Company Profile

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.