Brokerages Set Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) Price Target at $15.75

Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) has earned a consensus recommendation of “Buy” from the five ratings firms that are currently covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a buy rating. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $14.80.

Several equities analysts recently commented on GDYN shares. Wall Street Zen lowered shares of Grid Dynamics from a “buy” rating to a “hold” rating in a research report on Sunday, July 20th. Needham & Company LLC lowered their price target on shares of Grid Dynamics from $20.00 to $15.00 and set a “buy” rating for the company in a report on Friday, August 1st. Jefferies Financial Group started coverage on shares of Grid Dynamics in a report on Monday. They set a “buy” rating and a $11.00 price target for the company. Finally, JPMorgan Chase & Co. lowered their price target on shares of Grid Dynamics from $13.00 to $11.00 and set an “overweight” rating for the company in a report on Wednesday, August 20th.

Grid Dynamics Price Performance

Shares of NASDAQ GDYN opened at $8.15 on Monday. Grid Dynamics has a 12-month low of $7.37 and a 12-month high of $25.50. The company has a market capitalization of $690.06 million, a PE ratio of 42.90 and a beta of 1.03. The firm’s 50-day moving average is $8.43 and its two-hundred day moving average is $11.77.

Grid Dynamics (NASDAQ:GDYN) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.10 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.10. The business had revenue of $101.10 million for the quarter, compared to the consensus estimate of $100.45 million. Grid Dynamics had a net margin of 4.37% and a return on equity of 1.89%. The company’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. On average, analysts forecast that Grid Dynamics will post 0.18 EPS for the current fiscal year.

Institutional Investors Weigh In On Grid Dynamics

A number of large investors have recently added to or reduced their stakes in GDYN. Caitong International Asset Management Co. Ltd grew its holdings in Grid Dynamics by 28,150.0% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,695 shares of the company’s stock valued at $27,000 after purchasing an additional 1,689 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in Grid Dynamics by 199.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,293 shares of the company’s stock worth $36,000 after acquiring an additional 1,526 shares in the last quarter. USA Financial Formulas acquired a new position in Grid Dynamics during the 1st quarter worth $42,000. Canada Pension Plan Investment Board acquired a new position in Grid Dynamics during the 2nd quarter worth $43,000. Finally, Tower Research Capital LLC TRC grew its holdings in Grid Dynamics by 208.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,213 shares of the company’s stock worth $72,000 after acquiring an additional 4,197 shares in the last quarter. 71.18% of the stock is owned by institutional investors and hedge funds.

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.