Brokerages Set Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) PT at $14.80

Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) has earned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $14.80.

A number of analysts have commented on the stock. Weiss Ratings reiterated a “sell (d+)” rating on shares of Grid Dynamics in a research note on Wednesday, October 8th. Jefferies Financial Group assumed 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. Needham & Company LLC reiterated a “buy” rating and issued a $15.00 price target on shares of Grid Dynamics in a research note on Thursday, September 25th. JPMorgan Chase & Co. cut 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. Finally, Wall Street Zen cut shares of Grid Dynamics from a “buy” rating to a “hold” rating in a research note on Sunday, July 20th.

Institutional Trading of Grid Dynamics

Hedge funds have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd lifted its stake in shares of Grid Dynamics by 28,150.0% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,695 shares of the company’s stock worth $27,000 after buying an additional 1,689 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Grid Dynamics by 199.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,293 shares of the company’s stock worth $36,000 after buying an additional 1,526 shares during the last quarter. Canada Pension Plan Investment Board bought a new position in Grid Dynamics during the second quarter worth about $43,000. Tower Research Capital LLC TRC increased its position 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 acquiring an additional 4,197 shares during the period. Finally, Teacher Retirement System of Texas bought a new position in Grid Dynamics during the second quarter worth about $117,000. Institutional investors and hedge funds own 71.18% of the company’s stock.

Grid Dynamics Trading Up 2.7%

Shares of GDYN opened at $8.08 on Friday. Grid Dynamics has a 12 month low of $7.37 and a 12 month high of $25.50. The firm has a fifty day simple moving average of $7.92 and a 200 day simple moving average of $10.65. The stock has a market capitalization of $684.13 million, a price-to-earnings ratio of 42.53 and a beta of 1.04.

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

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.