$0.03 EPS Expected for Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) This Quarter


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Brokerages expect Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) to post earnings per share of $0.03 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Grid Dynamics’ earnings, with the highest EPS estimate coming in at $0.03 and the lowest estimate coming in at $0.02. Grid Dynamics posted earnings per share of $0.05 during the same quarter last year, which would suggest a negative year-over-year growth rate of 40%. The business is scheduled to report its next earnings results after the market closes on Thursday, May 6th.

According to Zacks, analysts expect that Grid Dynamics will report full-year earnings of $0.17 per share for the current financial year, with EPS estimates ranging from $0.16 to $0.19. For the next year, analysts anticipate that the company will report earnings of $0.32 per share, with EPS estimates ranging from $0.29 to $0.35. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that cover Grid Dynamics.

Grid Dynamics (NASDAQ:GDYN) last released its earnings results on Wednesday, March 3rd. The company reported $0.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.01. The company had revenue of $30.13 million during the quarter, compared to analyst estimates of $28.20 million.

GDYN has been the topic of several recent analyst reports. Needham & Company LLC boosted their price objective on Grid Dynamics from $14.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, March 11th. Northland Securities increased their price objective on Grid Dynamics from $11.00 to $17.00 and gave the stock an “outperform” rating in a report on Monday, March 8th. Zacks Investment Research downgraded Grid Dynamics from a “hold” rating to a “sell” rating in a research note on Tuesday, March 9th. Finally, Cowen lifted their price objective on Grid Dynamics from $14.00 to $17.00 and gave the company an “outperform” rating in a report on Friday, March 5th. One analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. Grid Dynamics presently has an average rating of “Buy” and a consensus price target of $27.17.

Grid Dynamics stock traded down $0.16 during mid-day trading on Tuesday, reaching $14.39. The company’s stock had a trading volume of 1,300 shares, compared to its average volume of 125,729. The business has a 50 day moving average price of $15.10 and a 200-day moving average price of $12.54. Grid Dynamics has a twelve month low of $6.30 and a twelve month high of $16.85.

In other Grid Dynamics news, VP Stan Klimoff sold 9,147 shares of the company’s stock in a transaction that occurred on Monday, March 15th. The shares were sold at an average price of $15.50, for a total transaction of $141,778.50. Following the transaction, the vice president now owns 220,979 shares in the company, valued at approximately $3,425,174.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Max Martynov sold 3,847 shares of the stock in a transaction on Wednesday, February 17th. The stock was sold at an average price of $13.55, for a total transaction of $52,126.85. Following the completion of the sale, the chief technology officer now owns 234,131 shares in the company, valued at approximately $3,172,475.05. The disclosure for this sale can be found here. Insiders have sold 19,233 shares of company stock valued at $283,020 in the last ninety days. Insiders own 15.60% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the stock. ETF Managers Group LLC purchased a new position in Grid Dynamics in the fourth quarter worth approximately $66,000. Renaissance Technologies LLC purchased a new position in Grid Dynamics in the 4th quarter valued at about $1,370,000. Northern Trust Corp lifted its holdings in shares of Grid Dynamics by 13.5% during the 4th quarter. Northern Trust Corp now owns 299,189 shares of the company’s stock worth $3,770,000 after acquiring an additional 35,486 shares during the period. Mesirow Financial Investment Management Inc. acquired a new stake in Grid Dynamics in the fourth quarter valued at approximately $489,000. Finally, Credit Suisse AG purchased a new position in shares of Grid Dynamics during the 4th quarter valued at approximately $190,000. Hedge funds and other institutional investors own 41.89% of the company’s stock.

Grid Dynamics Company Profile

Grid Dynamics Holdings, Inc, together with its subsidiaries, provides enterprise-level digital transformation services for Fortune 1000 corporations in the United States, and Central and Eastern European countries. It works in collaboration with its clients on digital transformation initiatives that cover strategy consulting, early prototypes, and enterprise-scale delivery of new digital platforms.

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