Brokerages Set Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) Target Price at $15.75

Key Points

• Grid Dynamics Holdings, Inc. has received an average recommendation of "Buy" from five equity research analysts covering the company, with a 1-year target price of $15.75.
• Institutional investors hold 71.18% of Grid Dynamics' stock, with significant position increases from firms like Caitong International and PNC Financial Services.
• The company reported $0.10 earnings per share in its last quarterly earnings, slightly exceeding analysts' expectations, while its revenue grew 21.7% year-over-year.

Grid Dynamics Holdings, Inc. (NASDAQ:GDYN - Get Free Report) has been given a consensus recommendation of "Buy" by the five brokerages that are covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a buy recommendation. The average 12-month price objective among analysts that have covered the stock in the last year is $14.80.

GDYN has been the topic of a number of research analyst reports. Wall Street Zen downgraded Grid Dynamics from a "buy" rating to a "hold" rating in a research report on Sunday, July 20th. Needham & Company LLC dropped their price objective on Grid Dynamics from $20.00 to $15.00 and set a "buy" rating on the stock in a research note on Friday, August 1st. Jefferies Financial Group started coverage on Grid Dynamics in a research report on Monday. They set a "buy" rating and a $11.00 target price on the stock. Finally, JPMorgan Chase & Co. decreased their price objective on Grid Dynamics from $13.00 to $11.00 and set an "overweight" rating for the company in a report on Wednesday, August 20th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GDYN. Caitong International Asset Management Co. Ltd increased its position in shares of Grid Dynamics by 28,150.0% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,695 shares of the company's stock worth $27,000 after acquiring an additional 1,689 shares during the period. PNC Financial Services Group Inc. boosted its stake in Grid Dynamics by 199.0% in the first quarter. PNC Financial Services Group Inc. now owns 2,293 shares of the company's stock valued at $36,000 after acquiring an additional 1,526 shares in the last quarter. USA Financial Formulas acquired a new stake in shares of Grid Dynamics during the first quarter worth about $42,000. Canada Pension Plan Investment Board purchased a new position in Grid Dynamics during the second quarter worth about $43,000. Finally, Tower Research Capital LLC TRC increased its holdings in Grid Dynamics by 208.2% in the second quarter. Tower Research Capital LLC TRC now owns 6,213 shares of the company's stock valued at $72,000 after buying an additional 4,197 shares in the last quarter. Hedge funds and other institutional investors own 71.18% of the company's stock.

Grid Dynamics Stock Performance

GDYN traded up $0.58 on Monday, hitting $8.11. 1,620,374 shares of the company were exchanged, compared to its average volume of 1,202,244. The firm has a fifty day simple moving average of $8.53 and a two-hundred day simple moving average of $11.82. Grid Dynamics has a 12 month low of $7.37 and a 12 month high of $25.50. The stock has a market capitalization of $686.67 million, a PE ratio of 42.69 and a beta of 1.03.

Grid Dynamics (NASDAQ:GDYN - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.10 earnings per share for the quarter, hitting analysts' consensus estimates of $0.10. The firm had revenue of $101.10 million for the quarter, compared to analyst estimates of $100.45 million. Grid Dynamics had a return on equity of 1.89% and a net margin of 4.37%.The business's quarterly revenue was up 21.7% compared to the same quarter last year. During the same period last year, the company earned $0.08 EPS. Grid Dynamics has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. On average, equities analysts expect that Grid Dynamics will post 0.18 earnings per share for the current year.

About Grid Dynamics

Grid Dynamics Holdings, Inc, together with its subsidiaries, provides technology consulting, platform and product engineering, and analytics services in North America, Europe, and internationally. It offers cloud platform and product engineering services, such as architecting, designing, and building scalable and secure cloud-based platforms and business applications; and AI/machine learning and data platform engineering services that build platforms to facilitate batch and streaming data ingestion, quality governance, orchestration, semantic modeling, observability, and analysis at scale.