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

Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) has been given an average recommendation of “Moderate Buy” by the seven ratings firms that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $10.00.

Several brokerages have recently commented on GDYN. Weiss Ratings downgraded Grid Dynamics from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, May 4th. Needham & Company LLC reduced their target price on Grid Dynamics from $10.00 to $8.00 and set a “buy” rating for the company in a research note on Friday, May 1st. TD Cowen reduced their target price on Grid Dynamics from $11.00 to $10.00 and set a “buy” rating for the company in a research note on Friday, May 1st. Zacks Research upgraded Grid Dynamics from a “strong sell” rating to a “hold” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. reduced their target price on Grid Dynamics from $10.00 to $9.00 and set an “overweight” rating for the company in a research note on Wednesday, February 18th.

Grid Dynamics Trading Down 0.3%

Shares of NASDAQ GDYN opened at $6.97 on Tuesday. Grid Dynamics has a 12 month low of $5.13 and a 12 month high of $15.32. The stock has a 50 day moving average of $6.05 and a 200-day moving average of $7.66. The company has a market capitalization of $594.89 million, a P/E ratio of 139.43 and a beta of 0.86.

Grid Dynamics (NASDAQ:GDYN) last issued its earnings results on Thursday, April 30th. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.08 by $0.01. Grid Dynamics had a return on equity of 1.20% and a net margin of 1.27%.The company had revenue of $104.10 million during the quarter, compared to the consensus estimate of $103.32 million. During the same period in the previous year, the company posted $0.11 EPS. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. Analysts predict that Grid Dynamics will post 0.1 EPS for the current fiscal year.

Institutional Trading of Grid Dynamics

Several institutional investors have recently added to or reduced their stakes in GDYN. Amundi bought a new stake in Grid Dynamics in the 1st quarter valued at $252,000. AQR Capital Management LLC boosted its stake in Grid Dynamics by 32.4% in the 1st quarter. AQR Capital Management LLC now owns 15,484 shares of the company’s stock valued at $242,000 after purchasing an additional 3,791 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Grid Dynamics by 12.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,590 shares of the company’s stock valued at $573,000 after purchasing an additional 4,116 shares during the period. Goldman Sachs Group Inc. boosted its stake in Grid Dynamics by 12.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 319,186 shares of the company’s stock valued at $4,995,000 after purchasing an additional 35,204 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Grid Dynamics by 35.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 162,714 shares of the company’s stock valued at $2,546,000 after purchasing an additional 42,801 shares during the period. 71.18% of the stock is currently 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.