Analysts Set Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) Price Target at $9.40

Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) has been assigned a consensus rating of “Hold” from the eight research firms that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $9.40.

GDYN has been the topic of a number of recent analyst reports. Northland Securities cut their price target on shares of Grid Dynamics from $14.00 to $12.00 and set an “outperform” rating on the stock in a report on Monday, March 9th. Jefferies Financial Group lowered shares of Grid Dynamics from a “buy” rating to a “hold” rating and set a $8.00 price target on the stock. in a report on Friday, May 29th. Weiss Ratings lowered shares of Grid Dynamics from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, May 4th. Zacks Research raised shares of Grid Dynamics from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 6th. Finally, TD Cowen cut their price target on shares of Grid Dynamics from $11.00 to $10.00 and set a “buy” rating on the stock in a report on Friday, May 1st.

Grid Dynamics Price Performance

Shares of NASDAQ:GDYN opened at $5.47 on Wednesday. The stock has a market cap of $457.46 million, a PE ratio of 109.42 and a beta of 0.94. The company’s fifty day moving average is $6.35 and its 200 day moving average is $7.14. Grid Dynamics has a 52 week low of $5.11 and a 52 week high of $12.86.

Grid Dynamics (NASDAQ:GDYN) last issued its earnings results on Thursday, April 30th. The company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. The company had revenue of $104.10 million for the quarter, compared to analysts’ expectations of $103.32 million. Grid Dynamics had a net margin of 1.27% and a return on equity of 1.20%. The firm’s revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.11 EPS. Sell-side analysts anticipate that Grid Dynamics will post 0.1 EPS for the current year.

Insider Transactions at Grid Dynamics

In other Grid Dynamics news, COO Yury Gryzlov sold 4,435 shares of the firm’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $8.00, for a total value of $35,480.00. Following the sale, the chief operating officer owned 514,948 shares of the company’s stock, valued at $4,119,584. This trade represents a 0.85% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 6,147 shares of company stock valued at $45,389. 6.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On Grid Dynamics

A number of large investors have recently modified their holdings of GDYN. Amundi bought a new stake in shares of Grid Dynamics during the 1st quarter valued at about $252,000. AQR Capital Management LLC boosted its stake in shares of Grid Dynamics by 32.4% during 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Grid Dynamics by 12.7% during 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 in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Grid Dynamics by 12.4% during 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 in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Grid Dynamics by 35.7% during 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 in the last quarter. Institutional investors own 71.18% of the company’s stock.

About Grid Dynamics

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.