Grid Dynamics (NASDAQ:GDYN) Sets New 1-Year Low - What's Next?

Key Points

• Grid Dynamics (NASDAQ:GDYN) reached a new 52-week low of $7.44, trading down 3.7% with a last traded price of $7.48.
• Analysts have recently downgraded the stock, with Wall Street Zen lowering its rating from "buy" to "hold," while Needham & Company and JPMorgan reduced their price targets significantly.
• The company reported a quarterly revenue increase of 21.7% year-over-year, reaching $101.10 million, and is expected to post 0.18 EPS for the current year.

Grid Dynamics Holdings, Inc. (NASDAQ:GDYN - Get Free Report)'s stock price reached a new 52-week low on Wednesday . The company traded as low as $7.44 and last traded at $7.48, with a volume of 254132 shares. The stock had previously closed at $7.78.

Analyst Upgrades and Downgrades

GDYN has been the subject of a number of analyst reports. Needham & Company LLC decreased their price target on Grid Dynamics from $20.00 to $15.00 and set a "buy" rating for the company in a research note on Friday, August 1st. JPMorgan Chase & Co. decreased their price target on Grid Dynamics from $13.00 to $11.00 and set an "overweight" rating for the company in a research note on Wednesday, August 20th. Finally, Wall Street Zen downgraded Grid Dynamics from a "buy" rating to a "hold" rating in a research note on Sunday, July 20th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $15.75.

Grid Dynamics Trading Down 2.3%

The company has a 50 day moving average price of $8.99 and a 200 day moving average price of $12.38. The company has a market capitalization of $641.80 million, a P/E ratio of 39.90 and a beta of 1.03.

Grid Dynamics (NASDAQ:GDYN - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $0.10 EPS for the quarter, hitting the consensus estimate of $0.10. The company had revenue of $101.10 million during the quarter, compared to the consensus estimate of $100.45 million. Grid Dynamics had a return on equity of 1.89% and a net margin of 4.37%.The firm's revenue for the quarter was up 21.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.08 EPS. Grid Dynamics has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, sell-side analysts forecast that Grid Dynamics Holdings, Inc. will post 0.18 EPS for the current fiscal year.

Institutional Trading of Grid Dynamics

Several hedge funds have recently added to or reduced their stakes in GDYN. Ameriprise Financial Inc. lifted its holdings in Grid Dynamics by 303.8% during the 4th quarter. Ameriprise Financial Inc. now owns 184,130 shares of the company's stock worth $4,095,000 after purchasing an additional 138,529 shares during the last quarter. BNP Paribas Financial Markets acquired a new stake in Grid Dynamics during the 4th quarter worth approximately $353,000. Cetera Investment Advisers acquired a new stake in Grid Dynamics during the 4th quarter worth approximately $200,000. Janus Henderson Group PLC lifted its holdings in Grid Dynamics by 75.4% during the 4th quarter. Janus Henderson Group PLC now owns 28,370 shares of the company's stock worth $632,000 after purchasing an additional 12,200 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Grid Dynamics by 3.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,474 shares of the company's stock worth $722,000 after purchasing an additional 1,106 shares during the last quarter. 71.18% of the stock is owned by institutional investors and hedge funds.

Grid Dynamics Company Profile

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.