Weiss Ratings Reaffirms "Sell (D+)" Rating for Grid Dynamics (NASDAQ:GDYN)

Key Points

• Weiss Ratings has reaffirmed a "Sell (D+)" rating for Grid Dynamics (NASDAQ:GDYN), indicating negative sentiment from analysts.
• JPMorgan Chase & Co. revised their price target for GDYN from $13.00 to $11.00, while several other firms have varying ratings, with a consensus of "Moderate Buy" and an average price target of $14.80.
• Grid Dynamics' stock price rose 3.9%, with recent earnings reports matching consensus estimates and showing a 21.7% year-over-year revenue increase.

Grid Dynamics (NASDAQ:GDYN - Get Free Report)'s stock had its "sell (d+)" rating reissued by analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

GDYN has been the subject of several other reports. JPMorgan Chase & Co. decreased their price target on shares of Grid Dynamics from $13.00 to $11.00 and set an "overweight" rating for the company in a research note on Wednesday, August 20th. Wall Street Zen downgraded shares of Grid Dynamics from a "buy" rating to a "hold" rating in a research note on Sunday, July 20th. Zacks Research raised shares of Grid Dynamics from a "strong sell" rating to a "hold" rating in a research note on Monday. Jefferies Financial Group initiated coverage on shares of Grid Dynamics in a research note on Monday, September 22nd. They issued a "buy" rating and a $11.00 price target for the company. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $15.00 price target on shares of Grid Dynamics in a research note on Thursday, September 25th. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $14.80.

Grid Dynamics Stock Up 3.9%

Shares of NASDAQ GDYN opened at $8.30 on Wednesday. Grid Dynamics has a twelve month low of $7.37 and a twelve month high of $25.50. The firm has a fifty day simple moving average of $7.96 and a 200 day simple moving average of $11.17. The company has a market capitalization of $702.76 million, a PE ratio of 43.69 and a beta of 1.04.

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd boosted its holdings in 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 purchasing an additional 1,689 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in Grid Dynamics by 199.0% during the first quarter. PNC Financial Services Group Inc. now owns 2,293 shares of the company's stock worth $36,000 after purchasing an additional 1,526 shares during the last quarter. USA Financial Formulas purchased a new position in 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 boosted its holdings in Grid Dynamics by 208.2% during the second quarter. Tower Research Capital LLC TRC now owns 6,213 shares of the company's stock worth $72,000 after purchasing an additional 4,197 shares during the last quarter. 71.18% of the stock is currently 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.

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