HC Wainwright Reduces Earnings Estimates for Applied Digital

Applied Digital Co. (NASDAQ:APLD) – HC Wainwright dropped their Q3 2025 EPS estimates for shares of Applied Digital in a report released on Wednesday, January 15th. HC Wainwright analyst K. Dede now expects that the company will post earnings of ($0.15) per share for the quarter, down from their prior forecast of ($0.08). HC Wainwright has a “Buy” rating and a $12.00 price objective on the stock. The consensus estimate for Applied Digital’s current full-year earnings is ($0.40) 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.

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, beating analysts’ consensus estimates of ($0.14) by $0.08. The firm 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 74.95% and a negative return on equity of 88.87%. Applied Digital’s revenue was up 51.3% on a year-over-year basis. During the same period in the previous year, the business posted ($0.05) EPS.

A number of other analysts have also weighed in on APLD. Roth Mkm reaffirmed a “buy” rating and issued a $10.00 price target on shares of Applied Digital in a research note on Thursday, October 10th. Lake Street Capital upped their price target 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. Craig Hallum upped their price target 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 price target 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, Needham & Company LLC reaffirmed a “buy” rating and issued a $11.00 price target on shares of Applied Digital in a research note on Wednesday, January 15th. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $11.29.

Applied Digital Trading Down 0.9 %

Applied Digital stock opened at $8.90 on Monday. The firm has a 50-day moving average price of $8.84 and a two-hundred day moving average price of $7.00. The firm has a market capitalization of $1.88 billion, a price-to-earnings ratio of -7.61 and a beta of 4.78. 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.

Institutional Investors Weigh In On Applied Digital

Large investors have recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Applied Digital during the third quarter valued at approximately $59,000. Beacon Harbor Wealth Advisors Inc. acquired a new stake in shares of Applied Digital during the third quarter valued at approximately $83,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Applied Digital during the third quarter valued at approximately $88,000. Gunderson Capital Management Inc. acquired a new stake in shares of Applied Digital during the fourth quarter valued at approximately $83,000. Finally, Chesapeake Capital Corp IL acquired a new stake in shares of Applied Digital during the third quarter valued at approximately $94,000. Institutional investors and hedge funds own 65.67% of the company’s stock.

Insider Buying and Selling

In other news, CEO Wes Cummins sold 200,000 shares of the business’s stock in a transaction that occurred 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 in the company, valued at $35,658,786. The trade was a 4.91 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard N. Nottenburg sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $9.20, for a total transaction of $460,000.00. Following the sale, the director now owns 334,317 shares in the company, valued at $3,075,716.40. This represents a 13.01 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 269,369 shares of company stock worth $2,445,461 in the last ninety days. 11.81% of the stock is currently 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.