NASDAQ:GDYN

Grid Dynamics (GDYN) Stock Price, News & Analysis

$10.22
-0.26 (-2.48%)
(As of 05/17/2024 ET)
Today's Range
$10.14
$10.51
50-Day Range
$9.77
$13.00
52-Week Range
$8.06
$14.70
Volume
305,458 shs
Average Volume
344,486 shs
Market Capitalization
$782.03 million
P/E Ratio
340.78
Dividend Yield
N/A
Price Target
$15.75

Grid Dynamics MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
54.1% Upside
$15.75 Price Target
Short Interest
Bearish
5.26% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Selling Shares
$1.01 M Sold Last Quarter
Proj. Earnings Growth
266.67%
From $0.03 to $0.11 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.46 out of 5 stars

Computer And Technology Sector

362nd out of 591 stocks

Prepackaged Software Industry

123rd out of 199 stocks

GDYN stock logo

About Grid Dynamics Stock (NASDAQ:GDYN)

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. The company provides digital engagement services, including digital ecosystem design and implementation; and supply chain, Internet of Thing, and advanced manufacturing, which focuses on transforming traditional operations into smart and connected ecosystems. It serves customers that operate in the tech, media, telecommunications, retail, consumer packaged goods, manufacturing, and finance industries. The company was formerly known as ChaSerg Technology Acquisition Corp. and changed its name to Grid Dynamics Holdings, Inc. Grid Dynamics Holdings, Inc. was founded in 2006 and is headquartered in San Ramon, California.

GDYN Stock Price History

GDYN Stock News Headlines

Grid Dynamics: Consider Both Growth And Margins
A Closer Look at 5 Analyst Recommendations For Grid Dynamics Holdings
GDYN Apr 2024 12.500 put
The Analyst Landscape: 5 Takes On Grid Dynamics Holdings
See More Headlines
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Company Calendar

Last Earnings
2/22/2024
Today
5/18/2024
Next Earnings (Estimated)
8/01/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Current Symbol
NASDAQ:GDYN
Fax
N/A
Employees
3,920
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$15.75
High Stock Price Target
$17.00
Low Stock Price Target
$15.00
Potential Upside/Downside
+54.1%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
4 Analysts

Profitability

Net Income
$-1,760,000.00
Pretax Margin
1.96%

Debt

Sales & Book Value

Annual Sales
$312.91 million
Cash Flow
$0.48 per share
Book Value
$5.00 per share

Miscellaneous

Free Float
70,858,000
Market Cap
$782.03 million
Optionable
Optionable
Beta
1.00
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GDYN Stock Analysis - Frequently Asked Questions

Should I buy or sell Grid Dynamics stock right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Grid Dynamics in the last year. There are currently 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" GDYN shares.
View GDYN analyst ratings
or view top-rated stocks.

What is Grid Dynamics' stock price target for 2024?

4 brokers have issued 12 month price targets for Grid Dynamics' shares. Their GDYN share price targets range from $15.00 to $17.00. On average, they expect the company's stock price to reach $15.75 in the next year. This suggests a possible upside of 54.1% from the stock's current price.
View analysts price targets for GDYN
or view top-rated stocks among Wall Street analysts.

How have GDYN shares performed in 2024?

Grid Dynamics' stock was trading at $13.33 on January 1st, 2024. Since then, GDYN stock has decreased by 23.3% and is now trading at $10.22.
View the best growth stocks for 2024 here
.

When is Grid Dynamics' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 1st 2024.
View our GDYN earnings forecast
.

How were Grid Dynamics' earnings last quarter?

Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) released its earnings results on Thursday, February, 22nd. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.08 by $0.01. The business had revenue of $78.07 million for the quarter, compared to the consensus estimate of $76.64 million. Grid Dynamics had a net margin of 0.72% and a trailing twelve-month return on equity of 3.31%. The business's revenue for the quarter was down 3.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.14 EPS.

What guidance has Grid Dynamics issued on next quarter's earnings?

Grid Dynamics updated its second quarter 2024 earnings guidance on Friday, May, 3rd. The company provided EPS guidance of for the period. The company issued revenue guidance of $80.0 million-$82.0 million, compared to the consensus revenue estimate of $80.8 million.

What other stocks do shareholders of Grid Dynamics own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Grid Dynamics investors own include Enterprise Products Partners (EPD), Phillips 66 (PSX), Vistra (VST), Cardtronics (CATM), Coca-Cola FEMSA (KOF), Moderna (MRNA), SailPoint Technologies (SAIL), CVS Health (CVS).

Who are Grid Dynamics' major shareholders?

Grid Dynamics' stock is owned by a number of institutional and retail investors. Top institutional investors include Wasatch Advisors LP (10.02%), Vanguard Group Inc. (5.53%), Riverbridge Partners LLC (4.63%), Jennison Associates LLC (3.08%), Summit Creek Advisors LLC (1.21%) and Blair William & Co. IL (1.14%). Insiders that own company stock include Anil Doradla, Eric Benhamou, Leonard Livschitz, Lloyd Carney, Marina Levinson, Patrick Nicolet, Shuo Zhang, Stan Klimoff, Teamsun Technology Co Beijing, Vadim Kozyrkov and Yueou Wang.
View institutional ownership trends
.

How do I buy shares of Grid Dynamics?

Shares of GDYN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:GDYN) was last updated on 5/18/2024 by MarketBeat.com Staff

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