Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) Given Average Rating of “Hold” by Analysts

Shares of Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) have received a consensus rating of “Hold” from the five analysts that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $11.3333.

A number of brokerages recently issued reports on GDYN. Jefferies Financial Group began coverage on shares of Grid Dynamics in a research report on Monday, September 22nd. They issued a “buy” rating and a $11.00 target price for the company. JPMorgan Chase & Co. reduced their price target 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. Wall Street Zen cut shares of Grid Dynamics from a “buy” rating to a “hold” rating in a report on Sunday, July 20th. Zacks Research raised Grid Dynamics from a “strong sell” rating to a “hold” rating in a report on Monday, October 6th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Grid Dynamics in a research note on Wednesday, October 8th.

Grid Dynamics Trading Down 1.1%

GDYN opened at $8.18 on Tuesday. Grid Dynamics has a twelve month low of $7.37 and a twelve month high of $25.50. The stock has a market cap of $693.42 million, a PE ratio of 54.53 and a beta of 1.07. The business’s 50 day moving average is $8.08 and its 200-day moving average is $9.98.

Grid Dynamics (NASDAQ:GDYN) last posted its earnings results on Thursday, October 30th. The company reported $0.09 EPS for the quarter, meeting the consensus estimate of $0.09. Grid Dynamics had a return on equity of 1.74% and a net margin of 3.42%.The firm had revenue of $104.16 million for the quarter, compared to analysts’ expectations of $103.64 million. During the same period last year, the firm earned $0.14 EPS. The firm’s revenue was up 19.1% compared to the same quarter last year. Grid Dynamics has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, analysts forecast that Grid Dynamics will post 0.18 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd lifted its holdings in Grid Dynamics by 28,150.0% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,695 shares of the company’s stock valued at $27,000 after acquiring an additional 1,689 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in Grid Dynamics during the third quarter valued at approximately $31,000. PNC Financial Services Group Inc. lifted its stake 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 valued at $36,000 after purchasing an additional 1,526 shares during the last quarter. Canada Pension Plan Investment Board bought a new stake in Grid Dynamics during the second quarter worth approximately $43,000. Finally, Tower Research Capital LLC TRC grew its position in Grid Dynamics by 208.2% in the second quarter. Tower Research Capital LLC TRC now owns 6,213 shares of the company’s stock worth $72,000 after buying an additional 4,197 shares during the last quarter. 71.18% of the stock is 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.