Roth Capital Raises Earnings Estimates for Applied Digital

Applied Digital Co. (NASDAQ:APLD) – Equities research analysts at Roth Capital boosted their Q3 2025 EPS estimates for shares of Applied Digital in a research note issued to investors on Wednesday, January 15th. Roth Capital analyst D. Aftahi now forecasts that the company will earn ($0.04) per share for the quarter, up from their prior estimate of ($0.09). The consensus estimate for Applied Digital’s current full-year earnings is ($0.80) per share. Roth Capital also issued estimates for Applied Digital’s Q4 2025 earnings at ($0.04) EPS, FY2025 earnings at ($0.81) EPS, Q1 2026 earnings at ($0.04) EPS, Q3 2026 earnings at ($0.02) EPS, Q4 2026 earnings at $0.07 EPS and FY2026 earnings at $0.02 EPS.

Several other research firms have also weighed in on APLD. Cantor Fitzgerald dropped their price objective on shares of Applied Digital from $15.00 to $14.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 15th. Roth Mkm reiterated a “buy” rating and set a $10.00 price objective on shares of Applied Digital in a research note on Thursday, October 10th. Lake Street Capital increased their price objective 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 restated a “buy” rating and issued a $11.00 target price on shares of Applied Digital in a research report on Wednesday, January 15th. Finally, 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 report on Thursday, October 10th. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $11.29.

Applied Digital Price Performance

APLD opened at $9.41 on Monday. The firm has a market cap of $2.10 billion, a price-to-earnings ratio of -5.44 and a beta of 4.78. Applied Digital has a fifty-two week low of $2.36 and a fifty-two week high of $11.25. The company’s 50-day moving average price is $8.84 and its 200 day moving average price is $7.00. 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 released its quarterly earnings data on Tuesday, January 14th. The company reported ($0.06) earnings per share 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 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 prior year, the business earned ($0.05) earnings per share.

Insider Activity

In other news, CEO Wes Cummins sold 200,000 shares of the stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now directly 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 legal filing with the SEC, which is accessible through this link. Also, Director Richard N. Nottenburg sold 19,369 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were 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 owns 384,317 shares of the company’s stock, valued at $2,886,220.67. This trade represents a 4.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 269,369 shares of company stock worth $2,445,461 over the last three months. Corporate insiders own 11.81% of the company’s stock.

Institutional Inflows and Outflows

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

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.