Grid Dynamics Holdings, Inc. Expected to Post Q4 2024 Earnings of $0.03 Per Share (NASDAQ:GDYN)

Grid Dynamics Holdings, Inc. (NASDAQ:GDYN - Free Report) - Analysts at Northland Capmk lowered their Q4 2024 EPS estimates for shares of Grid Dynamics in a research note issued on Monday, May 6th. Northland Capmk analyst T. Savageaux now expects that the company will earn $0.03 per share for the quarter, down from their prior estimate of $0.04. The consensus estimate for Grid Dynamics' current full-year earnings is $0.07 per share.

GDYN has been the subject of a number of other reports. Cantor Fitzgerald lifted their price objective on Grid Dynamics from $14.00 to $17.00 and gave the company an "overweight" rating in a report on Wednesday, March 13th. JPMorgan Chase & Co. decreased their price objective on Grid Dynamics from $17.00 to $15.00 and set an "overweight" rating on the stock in a research report on Thursday, May 2nd. Needham & Company LLC restated a "buy" rating and set a $16.00 target price on shares of Grid Dynamics in a research report on Friday, May 3rd. Finally, Citigroup decreased their target price on Grid Dynamics from $17.00 to $15.00 and set a "buy" rating for the company in a research note on Monday, April 22nd. Four research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Grid Dynamics currently has a consensus rating of "Buy" and an average target price of $15.75.

Grid Dynamics Price Performance

Shares of Grid Dynamics stock traded down $0.48 during midday trading on Thursday, hitting $10.52. 363,579 shares of the company were exchanged, compared to its average volume of 316,703. The firm has a 50 day simple moving average of $11.56 and a 200-day simple moving average of $12.32. Grid Dynamics has a 52 week low of $8.05 and a 52 week high of $14.70. The firm has a market cap of $799.20 million, a P/E ratio of 350.78 and a beta of 1.00.

Grid Dynamics (NASDAQ:GDYN - Get Free Report) last posted its quarterly earnings results on Thursday, February 22nd. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.01). Grid Dynamics had a return on equity of 3.31% and a net margin of 0.72%. The business had revenue of $78.07 million during the quarter, compared to analyst estimates of $76.64 million. During the same period last year, the company earned $0.14 EPS. The business's revenue for the quarter was down 3.1% on a year-over-year basis.

Insider Buying and Selling at Grid Dynamics

In other news, CEO Leonard Livschitz sold 15,000 shares of the company's stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $13.88, for a total transaction of $208,200.00. Following the completion of the transaction, the chief executive officer now directly owns 3,760,474 shares of the company's stock, valued at $52,195,379.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Anil Doradla sold 3,000 shares of the firm's stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $10.00, for a total value of $30,000.00. Following the completion of the transaction, the chief financial officer now owns 385,979 shares in the company, valued at approximately $3,859,790. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Leonard Livschitz sold 15,000 shares of Grid Dynamics stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $13.88, for a total value of $208,200.00. Following the completion of the sale, the chief executive officer now directly owns 3,760,474 shares in the company, valued at approximately $52,195,379.12. The disclosure for this sale can be found here. Insiders have sold 98,884 shares of company stock valued at $1,206,055 in the last 90 days. 7.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. International Assets Investment Management LLC acquired a new stake in shares of Grid Dynamics in the 4th quarter valued at approximately $26,000. ProShare Advisors LLC bought a new position in shares of Grid Dynamics in the 1st quarter valued at about $124,000. SG Americas Securities LLC bought a new position in shares of Grid Dynamics in the 3rd quarter valued at about $142,000. American Trust increased its stake in shares of Grid Dynamics by 10.1% during the 3rd quarter. American Trust now owns 12,963 shares of the company's stock worth $158,000 after purchasing an additional 1,186 shares during the last quarter. Finally, Johnson Investment Counsel Inc. bought a new stake in shares of Grid Dynamics in the 3rd quarter valued at about $166,000. 71.18% of the stock is currently owned by institutional investors.

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.