Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) Receives Consensus Rating of “Hold” from Analysts

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

A number of equities research analysts recently weighed in on the stock. Needham & Company LLC dropped their price target on shares of Grid Dynamics from $10.00 to $8.00 and set a “buy” rating for the company in a research note on Friday, May 1st. Jefferies Financial Group downgraded shares of Grid Dynamics from a “buy” rating to a “hold” rating and set a $8.00 price target for the company. in a research note on Friday, May 29th. Weiss Ratings downgraded shares of Grid Dynamics from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, May 4th. Citigroup reissued a “cautious” rating on shares of Grid Dynamics in a research note on Friday, May 29th. Finally, Zacks Research raised shares of Grid Dynamics from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 6th.

Insider Buying and Selling

In other Grid Dynamics news, COO Yury Gryzlov sold 4,435 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chief operating officer owned 514,948 shares of the company’s stock, valued at approximately $4,119,584. This represents a 0.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 valued at $45,389 over the last ninety days. 6.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Grid Dynamics

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Grid Dynamics by 5.0% in the fourth quarter. Vanguard Group Inc. now owns 5,920,753 shares of the company’s stock valued at $53,464,000 after purchasing an additional 279,995 shares in the last quarter. Wasatch Advisors LP increased its stake in Grid Dynamics by 2.5% in the second quarter. Wasatch Advisors LP now owns 4,669,558 shares of the company’s stock valued at $53,933,000 after purchasing an additional 112,319 shares in the last quarter. Alyeska Investment Group L.P. increased its stake in Grid Dynamics by 236.9% in the third quarter. Alyeska Investment Group L.P. now owns 4,290,786 shares of the company’s stock valued at $33,082,000 after purchasing an additional 3,017,017 shares in the last quarter. Fourth Sail Capital LP increased its stake in Grid Dynamics by 36.2% in the fourth quarter. Fourth Sail Capital LP now owns 3,827,968 shares of the company’s stock valued at $34,567,000 after purchasing an additional 1,016,563 shares in the last quarter. Finally, Wellington Management Group LLP increased its stake in Grid Dynamics by 20.8% in the fourth quarter. Wellington Management Group LLP now owns 2,356,779 shares of the company’s stock valued at $21,282,000 after purchasing an additional 405,381 shares in the last quarter. Institutional investors own 71.18% of the company’s stock.

Grid Dynamics Price Performance

GDYN opened at $5.42 on Wednesday. The company has a market cap of $453.27 million, a price-to-earnings ratio of 108.42 and a beta of 0.94. The firm has a 50 day simple moving average of $6.37 and a 200 day simple moving average of $7.23. Grid Dynamics has a fifty-two week low of $5.13 and a fifty-two week high of $12.86.

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

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.