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

Key Points

• Analysts give Grid Dynamics a consensus "Hold" rating from seven firms (five buys, two sells) with an average 1‑year target of $10.60, and several brokers have recently lowered their price targets.
• The company slightly beat the quarter with $0.10 EPS vs. $0.09 expected and $106.15M revenue (up 5.9% YoY), yet the stock trades around $5.35—near its 1‑year low and well below consensus targets (52‑week range $5.30–$15.32; P/E 53.5).
• Institutional investors own about 71.18% of the company, with several firms modestly increasing or initiating small positions in recent quarters.

Shares of Grid Dynamics Holdings, Inc. (NASDAQ:GDYN - Get Free Report) have earned a consensus recommendation of "Hold" from the seven ratings firms that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation and five have issued a buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is $10.60.

Several research firms have recently issued reports on GDYN. TD Cowen lowered their price objective on Grid Dynamics from $12.00 to $11.00 and set a "buy" rating for the company in a research note on Friday, March 6th. Needham & Company LLC reduced their price target on Grid Dynamics from $13.00 to $10.00 and set a "buy" rating on the stock in a research report on Friday, March 6th. Northland Securities reduced their price target on Grid Dynamics from $14.00 to $12.00 and set an "outperform" rating on the stock in a research report on Monday, March 9th. JPMorgan Chase & Co. reduced their price target on Grid Dynamics from $10.00 to $9.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 18th. Finally, Weiss Ratings lowered Grid Dynamics from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Tuesday.

Institutional Investors Weigh In On Grid Dynamics

Institutional investors have recently made changes to their positions in the stock. Hantz Financial Services Inc. grew its position in shares of Grid Dynamics by 175.5% in the 4th quarter. Hantz Financial Services Inc. now owns 3,229 shares of the company's stock valued at $29,000 after buying an additional 2,057 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Grid Dynamics by 273.2% in the 4th quarter. GAMMA Investing LLC now owns 3,598 shares of the company's stock valued at $32,000 after buying an additional 2,634 shares during the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of Grid Dynamics in the 2nd quarter valued at about $43,000. SBI Securities Co. Ltd. bought a new stake in shares of Grid Dynamics in the 3rd quarter valued at about $31,000. Finally, Quarry LP grew its position in shares of Grid Dynamics by 57.1% in the 3rd quarter. Quarry LP now owns 4,835 shares of the company's stock valued at $37,000 after buying an additional 1,757 shares during the last quarter. Institutional investors own 71.18% of the company's stock.

Grid Dynamics Price Performance

Grid Dynamics stock opened at $5.35 on Friday. The business has a 50 day moving average of $6.45 and a 200-day moving average of $7.93. Grid Dynamics has a 1 year low of $5.30 and a 1 year high of $15.32. The company has a market capitalization of $456.62 million, a P/E ratio of 53.50 and a beta of 0.88.

Grid Dynamics (NASDAQ:GDYN - Get Free Report) last released its quarterly earnings data on Thursday, March 5th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.01. Grid Dynamics had a return on equity of 1.46% and a net margin of 2.35%.The company had revenue of $106.15 million during the quarter, compared to the consensus estimate of $105.92 million. During the same quarter in the prior year, the firm posted $0.12 earnings per share. The firm's revenue was up 5.9% compared to the same quarter last year. Equities analysts anticipate that Grid Dynamics will post 0.18 EPS for the current year.

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.

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