Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) Given Average Rating of “Hold” by Analysts

Shares of Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) have earned an average recommendation of “Hold” from the eight brokerages that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $9.40.

Several brokerages have commented on GDYN. Citigroup reiterated a “cautious” rating on shares of Grid Dynamics in a report on Friday. JPMorgan Chase & Co. lowered their price objective on shares of Grid Dynamics from $10.00 to $9.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 18th. Zacks Research upgraded shares of Grid Dynamics from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 6th. Needham & Company LLC lowered their price objective on shares of Grid Dynamics from $10.00 to $8.00 and set a “buy” rating on the stock in a research report on Friday, May 1st. Finally, Northland Securities lowered their price objective on shares of Grid Dynamics from $14.00 to $12.00 and set an “outperform” rating on the stock in a research report on Monday, March 9th.

Grid Dynamics Stock Down 2.3%

Shares of NASDAQ GDYN opened at $7.20 on Friday. Grid Dynamics has a 12 month low of $5.13 and a 12 month high of $12.90. The company has a market cap of $602.14 million, a price-to-earnings ratio of 144.03 and a beta of 0.86. The business has a fifty day simple moving average of $6.14 and a 200-day simple moving average of $7.50.

Grid Dynamics (NASDAQ:GDYN) last announced its earnings results on Thursday, April 30th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.08 by $0.01. Grid Dynamics had a return on equity of 1.20% and a net margin of 1.27%.The business had revenue of $104.10 million during the quarter, compared to the consensus estimate of $103.32 million. During the same period in the prior year, the business posted $0.11 earnings per share. Grid Dynamics’s revenue was up 3.7% compared to the same quarter last year. As a group, sell-side analysts expect that Grid Dynamics will post 0.1 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Hantz Financial Services Inc. lifted its position in shares of Grid Dynamics by 175.5% in the fourth quarter. Hantz Financial Services Inc. now owns 3,229 shares of the company’s stock worth $29,000 after purchasing an additional 2,057 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Grid Dynamics in the third quarter worth approximately $31,000. GAMMA Investing LLC lifted its position in shares of Grid Dynamics by 273.2% in the fourth quarter. GAMMA Investing LLC now owns 3,598 shares of the company’s stock worth $32,000 after purchasing an additional 2,634 shares in the last quarter. Quarry LP lifted its position in shares of Grid Dynamics by 57.1% in the third quarter. Quarry LP now owns 4,835 shares of the company’s stock worth $37,000 after purchasing an additional 1,757 shares in the last quarter. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of Grid Dynamics in the second quarter worth approximately $43,000. 71.18% of the stock is owned by institutional investors and hedge funds.

Grid Dynamics Company Profile

Grid Dynamics (NASDAQ: GDYN) is a digital engineering and technology services company that helps enterprises accelerate their digital transformation initiatives. The company specializes in designing and implementing scalable, cloud-native solutions that leverage advanced analytics, machine learning and artificial intelligence to optimize operations, enhance customer experiences and drive revenue growth. Its technology expertise spans e-commerce platforms, modern data architectures, DevOps and automation, as well as custom application development across a range of industries including retail, financial services, high tech and automotive.

Key service offerings include cloud migration and modernization, data engineering and analytics, AI/ML-driven insights, digital commerce and omnichannel solutions.