Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) Receives Average Recommendation of “Moderate Buy” from Analysts

Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) has received an average recommendation of “Moderate Buy” from the five analysts that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $11.3333.

Several research analysts have commented on GDYN shares. Jefferies Financial Group started coverage on Grid Dynamics in a report on Monday, September 22nd. They set a “buy” rating and a $11.00 price target for the company. JPMorgan Chase & Co. cut their target price on shares of Grid Dynamics from $11.00 to $10.00 and set an “overweight” rating for the company in a research note on Friday, October 31st. Needham & Company LLC reduced their price target on shares of Grid Dynamics from $15.00 to $13.00 and set a “buy” rating for the company in a report on Friday, October 31st. Zacks Research upgraded shares of Grid Dynamics from a “strong sell” rating to a “hold” rating in a report on Monday, October 6th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Grid Dynamics in a research report on Wednesday, December 24th.

Grid Dynamics Price Performance

Grid Dynamics stock opened at $9.89 on Wednesday. Grid Dynamics has a fifty-two week low of $7.37 and a fifty-two week high of $25.50. The firm has a fifty day moving average price of $8.99 and a two-hundred day moving average price of $8.96. The firm has a market cap of $838.38 million, a price-to-earnings ratio of 65.93 and a beta of 0.82.

Grid Dynamics (NASDAQ:GDYN) last posted its quarterly earnings data on Thursday, October 30th. The company reported $0.09 EPS for the quarter, hitting analysts’ consensus estimates of $0.09. Grid Dynamics had a return on equity of 1.74% and a net margin of 3.42%.The business had revenue of $104.16 million for the quarter, compared to analyst estimates of $103.64 million. During the same period in the previous year, the company posted $0.14 earnings per share. The firm’s revenue for the quarter was up 19.1% on a year-over-year basis. As a group, sell-side analysts expect that Grid Dynamics will post 0.18 earnings per share for the current year.

Insider Activity at Grid Dynamics

In other Grid Dynamics news, CFO Anil Doradla sold 4,368 shares of the firm’s stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $10.00, for a total value of $43,680.00. Following the completion of the sale, the chief financial officer owned 344,852 shares in the company, valued at approximately $3,448,520. This trade represents a 1.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 6.50% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of GDYN. GAMMA Investing LLC increased its holdings in Grid Dynamics by 273.2% in the 4th quarter. GAMMA Investing LLC now owns 3,598 shares of the company’s stock valued at $32,000 after buying an additional 2,634 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Grid Dynamics by 271.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 513,677 shares of the company’s stock valued at $3,960,000 after acquiring an additional 375,254 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in Grid Dynamics in the third quarter valued at about $8,854,000. PharVision Advisers LLC bought a new stake in Grid Dynamics in the third quarter valued at about $244,000. Finally, American Trust acquired a new position in Grid Dynamics in the third quarter worth about $85,000. 71.18% of the stock is owned by institutional investors.

Grid Dynamics Company Profile

Grid Dynamics (NASDAQ: GDYN) is a digital engineering and technology services company that helps enterprises accelerate their digital transformation initiatives. The company specializes in designing and implementing scalable, cloud-native solutions that leverage advanced analytics, machine learning and artificial intelligence to optimize operations, enhance customer experiences and drive revenue growth. Its technology expertise spans e-commerce platforms, modern data architectures, DevOps and automation, as well as custom application development across a range of industries including retail, financial services, high tech and automotive.

Key service offerings include cloud migration and modernization, data engineering and analytics, AI/ML-driven insights, digital commerce and omnichannel solutions.