Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• Analysts have a “Moderate Buy” consensus on Grid Dynamics, with four buy ratings, one strong buy, one hold and two sell ratings. The average 12-month price target is $9.40.
• Grid Dynamics reported quarterly EPS of $0.11, beating the $0.10 consensus estimate, while revenue of $108.16 million exceeded forecasts of $106.55 million.
• The stock opened at $7.79, with a 52-week range of $5.11 to $10.21 and a market capitalization of approximately $632 million. Institutional investors own 71.18% of shares, while insiders own 6.50%.

Shares of Grid Dynamics Holdings, Inc. (NASDAQ:GDYN - Get Free Report) have received an average recommendation of "Moderate Buy" from the eight analysts that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $9.40.

GDYN has been the topic of a number of research analyst reports. Weiss Ratings restated a "sell (d)" rating on shares of Grid Dynamics in a research note on Friday, July 31st. JPMorgan Chase & Co. increased their price objective on shares of Grid Dynamics from $7.00 to $8.00 and gave the company an "overweight" rating in a research note on Friday, July 31st. TD Cowen raised their target price on shares of Grid Dynamics from $8.00 to $9.00 and gave the company a "buy" rating in a research report on Friday, July 31st. Citigroup reaffirmed a "cautious" rating on shares of Grid Dynamics in a research note on Friday, May 29th. Finally, Jefferies Financial Group downgraded shares of Grid Dynamics from a "buy" rating to a "hold" rating and set a $8.00 price target for the company. in a report on Friday, May 29th.

Grid Dynamics Stock Performance

Grid Dynamics stock opened at $7.79 on Thursday. Grid Dynamics has a 52 week low of $5.11 and a 52 week high of $10.21. The stock has a market capitalization of $632.00 million, a P/E ratio of 389.69 and a beta of 0.92. The stock has a fifty day moving average of $6.23 and a 200-day moving average of $6.44.

Grid Dynamics (NASDAQ:GDYN - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.01. Grid Dynamics had a return on equity of 1.90% and a net margin of 0.68%.The business had revenue of $108.16 million for the quarter, compared to analyst estimates of $106.55 million. On average, research analysts forecast that Grid Dynamics will post 0.13 earnings per share for the current year.

Insiders Place Their Bets

In related news, COO Yury Gryzlov sold 4,435 shares of the business's stock in a transaction on Monday, June 1st. The stock was sold at an average price of $8.00, for a total transaction of $35,480.00. Following the sale, the chief operating officer owned 514,948 shares in the company, valued at $4,119,584. The trade was a 0.85% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 6,147 shares of company stock worth $46,323. Insiders own 6.50% of the company's stock.

Institutional Trading of Grid Dynamics

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Hantz Financial Services Inc. raised its holdings in 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. Quarry LP increased its position in 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 acquiring an additional 1,757 shares during the period. Canada Pension Plan Investment Board acquired a new position in Grid Dynamics in the 2nd quarter valued at approximately $43,000. PNC Financial Services Group Inc. raised its stake in shares of Grid Dynamics by 60.1% during the first quarter. PNC Financial Services Group Inc. now owns 8,315 shares of the company's stock valued at $47,000 after acquiring an additional 3,122 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in shares of Grid Dynamics by 208.2% during the second quarter. Tower Research Capital LLC TRC now owns 6,213 shares of the company's stock valued at $72,000 after acquiring an additional 4,197 shares during the last quarter. 71.18% of the stock is currently owned by institutional investors.

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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