Grid Dynamics (NASDAQ:GDYN) Price Target Cut to $11.00 by Analysts at JPMorgan Chase & Co.

Grid Dynamics (NASDAQ:GDYN) had its price objective trimmed by JPMorgan Chase & Co. from $13.00 to $11.00 in a research note released on Wednesday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.

A number of other analysts have also recently commented on GDYN. Needham & Company LLC cut their price target on shares of Grid Dynamics from $20.00 to $15.00 and set a “buy” rating on the stock in a research report on Friday, August 1st. Wall Street Zen cut shares of Grid Dynamics from a “buy” rating to a “hold” rating in a research report on Sunday, July 20th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $15.75.

Grid Dynamics Trading Up 1.1%

Shares of GDYN opened at $8.10 on Wednesday. The stock has a market capitalization of $685.83 million, a P/E ratio of 42.63 and a beta of 1.06. The firm’s fifty day simple moving average is $10.14 and its two-hundred day simple moving average is $13.87. Grid Dynamics has a 12 month low of $7.46 and a 12 month high of $25.50.

Grid Dynamics (NASDAQ:GDYN) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.10 EPS for the quarter, meeting analysts’ consensus estimates of $0.10. The business had revenue of $101.10 million for 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 business’s quarterly revenue was up 21.7% compared to the same quarter last year. During the same quarter in the prior year, the firm 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 EPS for the current fiscal year.

Hedge Funds Weigh In On Grid Dynamics

Institutional investors and hedge funds have recently made changes to their positions in the stock. Coppell Advisory Solutions LLC bought a new position in shares of Grid Dynamics during the 4th quarter worth about $25,000. Caitong International Asset Management Co. Ltd lifted its position 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 in the last quarter. PNC Financial Services Group Inc. lifted its position in Grid Dynamics by 199.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,293 shares of the company’s stock valued at $36,000 after acquiring an additional 1,526 shares in the last quarter. USA Financial Formulas bought a new position in Grid Dynamics in the 1st quarter valued at about $42,000. Finally, Canada Pension Plan Investment Board bought a new position in Grid Dynamics in the 2nd quarter valued at about $43,000. Institutional investors own 71.18% of the company’s stock.

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.