Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) Given Average Recommendation of “Moderate Buy” by Brokerages

Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) has earned a consensus rating of “Moderate Buy” from the eight brokerages that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $9.40.

Several analysts recently commented on the company. Zacks Research upgraded Grid Dynamics from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 5th. JPMorgan Chase & Co. increased their target price on shares of Grid Dynamics from $7.00 to $8.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Needham & Company LLC raised their price target on shares of Grid Dynamics from $8.00 to $10.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Jefferies Financial Group downgraded shares of Grid Dynamics from a “buy” rating to a “hold” rating and set a $8.00 price target on the stock. in a research report on Friday, May 29th. Finally, TD Cowen upped their price objective on shares of Grid Dynamics from $8.00 to $9.00 and gave the company a “buy” rating in a research note on Friday, July 31st.

Grid Dynamics Trading Up 0.3%

Shares of GDYN opened at $7.79 on Thursday. The company has a market capitalization of $632.00 million, a PE ratio of 389.69 and a beta of 0.92. Grid Dynamics has a 12 month low of $5.11 and a 12 month high of $10.21. The stock’s 50-day moving average price is $6.23 and its two-hundred day moving average price is $6.44.

Grid Dynamics (NASDAQ:GDYN) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.01. The company had revenue of $108.16 million during the quarter, compared to analysts’ expectations of $106.55 million. Grid Dynamics had a return on equity of 1.90% and a net margin of 0.68%. Equities research analysts predict that Grid Dynamics will post 0.13 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, COO Yury Gryzlov sold 4,435 shares of the business’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 transaction, the chief operating officer owned 514,948 shares in the company, valued at $4,119,584. The trade was a 0.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 6,147 shares of company stock worth $46,323 over the last ninety days. 6.50% of the stock is owned by company insiders.

Institutional Trading of Grid Dynamics

A number of large investors have recently bought and sold shares of GDYN. Hantz Financial Services Inc. raised its position in shares of Grid Dynamics by 175.5% in the 4th quarter. Hantz Financial Services Inc. now owns 3,229 shares of the company’s stock worth $29,000 after acquiring an additional 2,057 shares in the last quarter. Quarry LP boosted its position in shares of Grid Dynamics by 57.1% during the 3rd quarter. Quarry LP now owns 4,835 shares of the company’s stock valued at $37,000 after purchasing an additional 1,757 shares in the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of Grid Dynamics during the 2nd quarter valued at about $43,000. PNC Financial Services Group Inc. grew its stake in Grid Dynamics by 60.1% during the first quarter. PNC Financial Services Group Inc. now owns 8,315 shares of the company’s stock worth $47,000 after purchasing an additional 3,122 shares during the period. Finally, Tower Research Capital LLC TRC grew its stake 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 purchasing an additional 4,197 shares during the period. 71.18% of the stock is currently owned by institutional investors and hedge funds.

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.