HC Wainwright Predicts Weaker Earnings for Applied Digital

Applied Digital Co. (NASDAQ:APLD) – Equities research analysts at HC Wainwright cut their Q3 2025 earnings per share (EPS) estimates for Applied Digital in a research report issued to clients and investors on Wednesday, January 15th. HC Wainwright analyst K. Dede now forecasts that the company will earn ($0.15) per share for the quarter, down from their prior estimate 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. Cantor Fitzgerald lowered their price objective on Applied Digital from $15.00 to $14.00 and set an “overweight” rating for the company in a research report on Wednesday, January 15th. Needham & Company LLC reissued a “buy” rating and set a $11.00 price objective on shares of Applied Digital in a research report on Wednesday, January 15th. Craig Hallum raised their price objective on Applied Digital from $10.00 to $12.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Roth Mkm reissued a “buy” rating and set a $10.00 price objective on shares of Applied Digital in a research report on Thursday, October 10th. Finally, Lake Street Capital raised their price objective on Applied Digital from $7.00 to $11.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Applied Digital currently has an average rating of “Buy” and a consensus price target of $11.29.

Applied Digital Stock Performance

Shares of APLD stock opened at $9.41 on Monday. The stock has a fifty day moving average of $8.84 and a 200 day moving average of $7.00. Applied Digital has a 52 week low of $2.36 and a 52 week high of $11.25. The firm has a market capitalization of $2.10 billion, a price-to-earnings ratio of -5.44 and a beta of 4.78. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 1.22.

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Flagship Harbor Advisors LLC purchased a new position in shares of Applied Digital during the 4th quarter valued at about $104,000. Exchange Traded Concepts LLC increased its stake in Applied Digital by 37.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 1,002,090 shares of the company’s stock worth $7,656,000 after acquiring an additional 273,666 shares during the last quarter. SG Americas Securities LLC increased its stake in 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 bought a new stake in Applied Digital in the 4th quarter worth approximately $115,000. Finally, Nisa Investment Advisors LLC increased its stake in Applied Digital by 16.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 11,774 shares of the company’s stock worth $90,000 after acquiring an additional 1,692 shares during the last quarter. 65.67% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Wes Cummins sold 200,000 shares of Applied Digital stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $9.20, for a total value of $1,840,000.00. Following the completion of the sale, the chief executive officer now directly owns 3,875,955 shares in the company, valued at approximately $35,658,786. This trade represents a 4.91 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 completion of the sale, the director now 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 sold 269,369 shares of company stock worth $2,445,461. 11.81% of the stock is owned by corporate 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.